PaySauce Q2 2019 Market Update

PaySauce Grows Recurring Revenue by 120%, Customer Numbers by 118%, and Gross Payroll Processed by 133% Wellington, New Zealand - 10 July 2019 SaaS employment solutions provider PaySauce (NZX:PYS) maintains its strong year-on-year growth trajectory for Q2 2019. Total recurring revenue1 is up 120%. The number of employees in New Zealand receiving their pay through PaySauce payroll software has increased by 123% to 9,851 people, with payslips issued up 115% to 68,921. The number of employers processing pays through PaySauce payroll software has increased by 118% to 2,002. The gross payroll value processed by PaySauce for the quarter totalled $108.4 million, an increase of 133%. CEO and co-founder of PaySauce, Asantha Wijeyeratne, highlights the quarter's key milestones. "It's been frantic, but an extremely rewarding quarter, ticking off several big milestones such as our first-ever annual report, hitting the 2,000 live processing customer mark, and processing over $100M of payroll for NZ SME's. I'm incredibly grateful for all of the hard work put in by the team, and am truly proud of our continued success as a growing SaaS business." ??KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS ? Recurring revenue up 120% to $343.3K ? Total employees paid through PaySauce up 123% to 9,851 ? Number of payslips issued up 115% to 68,921 ? Number of payroll customers up 118% to 2,002 ? Gross payroll value processed up 133% to $108.4M (See attached PDF for related tables and graphs.) For more information about the quarter results to 30 June 2019, please contact ?investor@paysauce.com. ABOUT PAYSAUCE??PaySauce is software at work for people, providing employment solutions to small and medium-sized businesses. PaySauce enables business owners to pay and manage employees accurately and efficiently using the web, iOS, and Android applications. The PaySauce platform includes mobile timesheets, payroll calculations, banking integration, PAYE filing, labour costing, automated general ledger entries and digital employment contracts. End CA:00337410 For:PYS Type:MKTUPDTE Time:2019-07-10 08:30:23