PayGroup (ASX:PYG) announces strong Q1 results and FY22 guidance

• PayGroup (PYG) is expecting an annual recurring revenue of up to $37 million in the 2022 financial year
• The fintech business released its FY22 guidance after recording strong growth during the recently ended June quarter
• PYG signed $4.6 million worth of new contract during the period, a 53 per cent increase year on year
• It ended June with $12.5 million worth of cash and also having processed a record 6.7 million annualised payslips

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