Highlights

  • PaySauce raised a total of NZD 5 million, comprising NZD 1.5 million from an oversubscribed SPP and NZD 3.5 million from a prior placement.
  • The capital raise provides funding flexibility to support expansion across New Zealand and Australia.
  • SPP shares will be issued on 30 January 2026 and will rank equally with existing ordinary shares.

Software-as-a-Service fintech PaySauce Limited (NZX:PYS) has completed a NZD 5 million capital raising following the close of an oversubscribed Share Purchase Plan (SPP). The SPP raised NZD 1.5 million, supplementing a NZD 3.5 million placement completed in December, with the board electing to accept all oversubscriptions.

Capital Raise Completed Following Oversubscribed SPP

The SPP closed at 5.00pm on Friday, 23 January 2026, and was open to eligible shareholders. The offer attracted demand above the targeted amount, resulting in total proceeds of NZD 1.5 million. Combined with the earlier placement, PaySauce has now secured NZD 5 million in new capital.

The funds raised are intended to enhance balance sheet capacity and provide financial flexibility as the company progresses growth initiatives across New Zealand, Australia, and other international markets. The additional capital also enables PaySauce to respond to potential market volatility and pursue smaller-scale acquisition opportunities where appropriate.

SPP Share Allotment and Trading Details

Shares issued under the SPP are scheduled to be allotted on Friday, 30 January 2026. Trading of the new shares is expected to commence on the NZX Market on the same day. All SPP shares will rank equally with PaySauce’s existing ordinary shares currently quoted on the NZX.

As of 27 January 2026, PaySauce shares last traded at NZD 0.26 per share.

Expansion Focus Across Australia and New Zealand

PaySauce continues to progress plans to extend its payroll and workforce management platform beyond New Zealand. The company is preparing for the commercial introduction of its solution into the Australian market, with an initial focus on the dairy sector.

The Australian launch strategy targets micro-businesses operating within industries that share similar workforce structures and payroll requirements to those already served in New Zealand. Australia is estimated to have approximately 700,000 micro-businesses, many of which operate in sectors with complex payroll and compliance obligations.

Platform Capabilities and Market Reach

PaySauce provides a cloud-based payroll platform designed to manage end-to-end payroll processes. The system integrates rostering, mobile timesheets, payroll calculations, tax reporting, and payment processing within a single platform. In Australia, the solution incorporates Single Touch Payroll reporting and payments via the New Payments Platform.

The company currently delivers payroll solutions across 14 Asia-Pacific jurisdictions, enabling small employers to manage workforce payments and compliance through a single digital interface. Its PayNow feature allows employees to access earned wages before payday.