PayGroup Limited (‘PayGroup’ or the ‘Company’) announced that it has signed a new contract with Coty Inc. (Coty) for a total contract value of approximately AUD 1 million, over a 3-year period. Coty is listed on the New York Stock Exchange with a market capitalisation of approximately USD 7 billion and is the large seller of fragrances in the world1, with a portfolio of fragrance brands including Gucci, Calvin Klein and Burberry. PayGroup will manage Coty's payroll function across 10 countries through its end-to-end software capabilities and is well placed to support Coty as it continues to grow its multinational operations and expands its Asian presence. The contract win is testament to the continued investment made in the sales function as the Company continues to expand internationally. The agreement underpins PayGroup's focus on growing recurring revenue with large global customers who have the potential to receive other related solutions across multiple jurisdictions. The deal with Coty further validates PayGroup's strategy to cement its presence within Asia, while continuing to grow and diversify its multinational enterprise client base.