PaySauce Quarterly Market Update – Sept 2020

PaySauce Announces Another Quarter of Continued Strong Growth Lower Hutt, New Zealand - 12 October 2020 SaaS employment solutions provider PaySauce (NZX:PYS) finishes the second quarter of FY21 with continued strong growth. Relative to the second quarter of F20, total recurring revenue grew 52% to $519K. PaySauce is also reporting high performance in customer satisfaction and loyalty, with a Net Promoter Score (NPS) of 76. The number of employees in New Zealand paid through PaySauce payroll software increased by 37% to 16,117 people, and the total number of employers processing through PaySauce increased proportionately to 3,085. PaySauce welcomed more than 261 new clients this quarter, a 9% increase in the total customer base since June 30th, with the majority of the growth being organic. A small number of new clients joined the PaySauce platform through the strategic partnership announced in March this year. Growth from this channel relies on in-person sales and implementation and due to COVID-19, uptake has been slower than originally expected. CEO and co-founder of PaySauce, Asantha Wijeyeratne, attributes the company's enduring growth to a paramount focus on customer happiness. "Our story is a testament to the power of word of mouth. We're dedicated to taking the best possible care of our customers, and this makes them our strongest advocates, recommending us to their friends, neighbours and communities. Our latest NPS score was 76, and the data tells us this is an exceptionally strong result in the SaaS sector. That makes us really proud, and we're determined to continue to deliver amazing customer experiences." KEY YEAR-ON-YEAR PERFORMANCE HIGHLIGHTS FOR THE QUARTER ? Recurring revenue up 52% to $519K ? Total employees paid through PaySauce up 37% to 16,117 ? Number of payroll customers up 37% to 3,085 (Please find additional tables, graphs and important footnotes in the attached PDF) For more information about the quarter results to 30 September 2020, 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:00361347 For:PYS Type:MKTUPDTE Time:2020-10-13 08:30:52