PaySauce Q4 2019 Market Update

PaySauce Grows Recurring Revenue by 96% and Customer Numbers by 108% Wellington, New Zealand - 15 January 2020 SaaS employment solutions provider PaySauce (NZX:PYS) continues to deliver strong year-on-year growth, with total recurring revenue up 96% for Q4 2019. The number of employees in New Zealand being paid through PaySauce payroll software increased by 114% to 13,349 people. The number of payslips issued grew 106% to 98,443, and total employers processing pays through PaySauce payroll increased by 108% to 2,434. The gross payroll value processed by PaySauce for the quarter totalled $160.3 million, an increase of 120%. CEO and co-founder of PaySauce, Asantha Wijeyeratne, reflects on the quarter: "It's safe to say we ended the year on a high note, being named by Deloitte as one of the fastest-growing tech companies in the Asia-Pacific region, and hitting another milestone of $2M ARR based on December monthly revenue. While the majority of our customers come from the agriculture sector, this quarter has seen our customer base diversify across a range of rural industries. We're really excited to be heading into 2020 with a renewed focus on partnerships and customer experience." KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS FOR THE QUARTER ? Recurring revenue up 96% to $461.4K ? Total employees paid through PaySauce up 114% to 13,349 ? Number of payslips issued up 106% to 98,443 ? Number of payroll customers up 108% to 2,434 ? Gross payroll value processed up 120% to $160.3M (Please see attached PDF for related tables, graphs and footnotes) For more information about the quarter results to 31 December 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. www.paysauce.com End CA:00347079 For:PYS Type:MKTUPDTE Time:2020-01-15 08:30:20