Latest Payday Super News

Wrkr’s platform activity accelerated sharply in the first quarter of Payday Super, with contributing TFNs nearly tripling and estimated ARR reaching A$17 million. The next test is converting that adoption into transaction revenue while bringing cash costs down.

Hiremii’s revenue fell 11.1% to A$7.056 million in Q1 FY2027 as adjusted EBITDA slipped further into loss, testing the company’s transition towards AI-powered workforce intelligence. The new AQYR brand and two platform launches offer a growth narrative, but cash discipline remains central with A$1.789 million of total available funding.

Monvia reported $8.0 million in cash at the end of Q1FY27 and says its sales pipeline expanded, while a new Capgemini teaming arrangement aims to accelerate client opportunities. The quarter also brought $1.6 million of product investment and a fully drawn $6.0 million secured debt facility.

Swift TV expanded its contracted footprint and qualified pipeline in the September quarter, but ended with $1.047 million in cash and only 0.9 quarters of funding at the reported burn rate. The company is relying on customer receipts, an expected $1.5 million R&D incentive and lending arrangements as commercial deployments accelerate.

8common remained EBITDA and operating-cashflow positive in the September quarter, even as revenue fell 7.8% year on year. Its $1.9 million Australian Taxation Office contract is yet to contribute revenue, with implementation expected to begin in January.

AVADA Group’s FY27 first-quarter customer receipts rose 38% to A$66.4 million, but cash conversion remained tight after A$5.1 million in Payday Super and prior-period ATO payments. The traffic management operator ended September with A$3.31 million in cash and A$13.84 million of unused facilities.

Zimi has moved its next-generation Matter smart-home range closer to certification and production, while securing access to more than 10,000 retail outlets through Directed. But the company ended September with $344,000 in cash after burning $714,000 on operations, leaving further funding firmly in the frame.

SenSen Networks has opened FY27 with record quarterly customer cash receipts of A$5.3 million, 17% annualised recurring revenue growth and positive operating cash flow. The ASX-listed AI enforcement software company also secured A$2.6 million in new and expansion contracts, although converting those wins into recurring revenue remains the next test.

ECS Botanics has delivered a fifth consecutive quarter of positive operating cash flow, while branded sales and international expansion continue to reshape the business. The next test is whether planned UK and Polish launches can convert into recurring revenue.

Netwealth has pushed total funds under administration to a record $139.2 billion, with managed accounts driving a quarterly surge in funds under management. But the company has lowered FY27 net-flow guidance and flagged fresh investment in loss-making acquisition Paradino, while defending First Guardian-related class action proceedings.

PaySauce has moved its Global Payroll Platform from development into commercial operation in Australia, while first-quarter FY27 ARR rose 8% to $9.5 million. The expansion is supported by a stronger cash position, but higher customer acquisition costs and lower profitability leave execution firmly in focus.

Wrkr Ltd has completed a $10 million placement and launched a $2 million Share Purchase Plan to fund accelerated employer onboarding and platform enhancements ahead of Payday Super’s phased rollout.