# Our Purpose

## We exist to give small business owners and their employees peace of mind.

# Our Vision

## We’re making payroll effortless for small businesses: improving the lives of business owners and their employees by making payroll simple and accessible.

## PaySauce began as a simple solution

We make it easy for small businesses to manage their payroll, so they've got more time to get to the jobs that really matter.

PaySauce began as a simple solution, but one that was built to grow. We started in 2015 with Asantha and Troy, two guys with very different skill sets and a shared background in payroll problem-solving. PaySauce was the space to put their "what-ifs" into practice, with a people-oriented pay solution that small business employers would actually want to use.

They gathered a few customers, mostly through word of mouth, and started turning that idea into an application.

## Since then, we've achieved a few things

- **$13.3 billion** of payroll processed
- **9.2 million** payslips generated
- **$11.5 million** earned pay accessed through PayNow
- **10 years** making payroll easier for small businesses

## We've come a long way

#### April 2026
### Launched in Australia!
[PaySauce officially launches in Australia.](/content/nz/community/index.html)

#### January 2026
### Completed a NZ$5m capital raise
NZ$3m raised via a Placement and a further NZ$2m via a Share Purchase Plan, both of which were over-subscribed.

#### August 2025
### G'day Australia
[PaySauce is successfully used by our first pilot customers in Australia.](/content/nz/community/index.html)

#### January 2025
### PaySauce turns 10!
From humble beginnings, PaySauce continues to go from strength to strength.

#### March 2024
### Gen 2.0 payroll engine successfully piloted
[In a huge step toward creating future growth abroad, PaySauce successfully pilots its new Gen 2.0 payroll engine, capable of handling multiple payroll jurisdictions.](/content/nz/community/index.html)

#### November 2023
### Taking home the silverware
PaySauce is awarded the Supreme Business of the Year Award at the Wellington Regional Business Excellence Awards.

#### March 2022
### Partners on the field
[PaySauce becomes a proud payroll partner of both Wellington Rugby and Taranaki Rugby.](/content/nz/community/index.html)

#### June 2021
### PaySauce acquires SmoothPay
PaySauce acquires SmoothPay, the payroll engine that services 12 of the Pacific Islands as well as Australia.

#### March 2021
### New Rosters feature is launched
[PaySauce's new roster solution does everything small businesses need it to, with the ability build rosters based on the needs of their business and team.](/content/nz/payroll/timesheets-and-rosters/index.html)

#### May 2020
### Complete NZ$5.8m capital raise

#### April 2020
### Free payroll during Covid-19
[PaySauce provides its "essentials" payroll solution, PaySimple, free to New Zealand businesses affected by Covid-19.](/content/nz/story#/index.html)

#### May 2019
### New PaySauce platform is launched
PaySauce launches a new platform with the ability to host an eco-system of apps, allowing us to provide new solutions like rosters, contracts and more.

#### December 2018
### PaySauce is listed on the NZX

#### October 2018
### Full steam ahead
In October 2017 PaySauce releases two new features, [payday filing](/content/nz/payroll/paye-intermediary/index.html), and [PayNow](/content/nz/payroll/employee-payroll-app/index.html). We also complete a growth funding round of NZ$1.145m and process over NZ$25m in payroll. All in the same month!

#### November 2017
### Rebrand as PaySauce
We complete a seed funding round of $1.5m, and rebrand from Payroll.kiwi to PaySauce.

#### April 2017
### First year of commercial sales
A year after beginning commercial sales, by April 2017 we were processing over NZ$5m of payroll per month. This has grown to over $10m by August 2017.

#### June 2016
### First new feature release
We release our first new feature, [a minimum wage top-up](/content/nz/payroll/paye-intermediary/index.html) designed to help farmers stay compliant over seasonal peaks.

#### April 2016
### Begin selling commercially
Beta testing is completed testing in March 2016 and we begin selling commercially. We process over NZ$1m of payroll in the month.

#### August 2015
### Successful first capital raise
Our first capital raise for NZ$500k is completed.

#### May 2015
### First 10 beta customers

#### April 2015
### Tax office registration
We become a registered payroll intermediary and lodge our first return with the IRD.

#### March 2015
### Customer testing begins
We run our first payroll for a customer.

#### January 2015
### New beginnings
Company is incorporated as Payroll.kiwi and the first line of code is written.

## We're only just getting started!
Come join us.