PaySauce upsizes placement to $3.5m after strong investor demand

Software-as-a-Service fintech PaySauce Limited has upsized its off-market share placement to NZ$3.5 million at an issue price of NZ$0.26 per share, following strong demand from New Zealand institutions and family offices. Approximately 13.5 million new shares will be allotted on December 19, 2025, with trading commencing that day on the NZX Market. These shares will rank equally with existing ordinary shares.

The capital raised from the placement and an upcoming $1.0 million share purchase plan, opening December 17, 2025, will provide PaySauce with approximately $4.5 million in total. Chief executive Asantha Wijeyeratne stated this capital will support the company's strategy in Australia and enable execution on new opportunities. NZX also confirmed that trading in PYS equity shares would resume at market open on December 17, 2025.

PaySauce, advised by Cameron Partners Limited and Duncan Cotterill for the capital raising, operates a SaaS fintech platform offering digital payroll solutions across 14 Asia-Pacific jurisdictions. The platform facilitates employee onboarding, payment, and management, including features like rosters, mobile timesheets, payroll calculations, banking integration, and automated PAYE filing. The "PayNow" feature allows employees early access to earned wages, providing a free alternative to payday lenders.