Earnings release
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Pay Sauce Small businesses ' confidence helps drive another quarter of growth for PaySauce Lower Hutt , New Zealand - 13 January 2020 Online employment solutions provider PaySauce ( NZX : PYS ) finished the third quarter of FY21 with continued revenue and customer growth . Total recurring revenue grew 44 % to $ 569K , compared to the third quarter of F20 . The number of New Zealand employees paid through PaySauce software increased by 34 % to 17,944 people , while the total number of businesses processing through PaySauce increased proportionately to 3,274 . PaySauce welcomed more than 300 new clients this quarter , leading to a 6 % increase in the total business customers since the last quarter . CEO and co - founder , Asantha Wijeyeratne , said the platform's continued growth reflects the recovery of the small business economy in the wake of COVID - 19 . " Over the last quarter we saw both new and established businesses coming on board , " said Mr Wijeyeratne . " It's been particularly uplifting to see our nation's entrepreneurs regaining their balance and confidence over the last quarter " . " We've seen a significant number of customers resume payroll processing after a break , as they're once again in a position to employ staff . Our customers are a tenacious and resilient bunch , and it's our pleasure to support them and see them bouncing back after a diabolically challenging year . "