PaySauce aims to make its payroll engine available through third-party recruiting applications

Asantha Wijeyeratne (paid sauce)

Source: Supplied

NZX-listed fintech PaySauce has signed a proof-of-concept agreement to embed its payroll technology in a third-party employment solution.

Assuming the proof of concept is successfully completed, the deal is expected to increase annual recurring revenue and provide PaySauce with significant new growth opportunities, the company told investors today.

The contracting party remains confidential.

PaySauce CEO Asantha Wijeyeratne said the deal was the first step towards demonstrating that PaySauces’ redesigned technology can lead to accelerated scalability.

It has long been a goal of PaySauce to embed our payroll technology into employment software that is already available in the market,” said Wijeyeratne.

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