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Pay Sauce PaySauce grows processing fee revenue by 42 % Lower Hutt , New Zealand - 13 April 2021 Employment fintech PaySauce ( NZX : PYS ) finished the final quarter of FY21 with continued revenue and customer growth . Processing fees from customers grew 42 % YoY to close out the F21 financial year in line with the increase in value of gross payroll processed over the quarter . With the current low interest rate environment , interest income earned makes up just 6 % of the total recurring revenue for the quarter ( F20 Q4 : 14 % ) , despite the increasing value of funds held on behalf of customers . Combined , increased processing fees and the decline in interest earned over the quarter achieved recurring revenue growth of 30 % YoY . PaySauce saw net growth in excess of 100 new clients this quarter , bringing the number of businesses processing through PaySauce up 36 % YoY to 3377. The number of New Zealand employees paid through PaySauce software increased proportionately to just under 18,000 . CEO and co - founder Asantha Wijeyeratne , said the last quarter had been pivotal for product development and planning . " We've done a huge amount of work on strategy and development in the last 12 months , and we're really excited to begin reaping the rewards . We've introduced smarter systems , made incisive , data - driven choices and expanded our product significantly with the addition of Rosters . " " We also launched a crucial new partnership and product , BNZ Pay Now , designed to tackle New Zealand's payday lending problems and give our customers the unprecedented financial freedom of Earned Wage Access . We're closing out the year in an ideal position to scale and grow , and we're eager to see what the year ahead will bring . "