Wagestream acquires Zippen to boost workplace pension offering

Wagestream has acquired pensions technology company Zippen as it looks to expand its workplace financial benefits for employers. 

The deal builds on Wagestream’s aim to help workers improve their financial wellbeing and reflects the growing role of employers in offering financial services at work.

The acquisition comes as more employers move into offering financial services, from pay advances to high interest savings, loans and flexible pay options.

Peter Briffett, CEO and co-founder at Wagestream, said: “We are in the midst of an evolution in the way financial support is provided to workers. 

“Thousands of employers are realising that holistic financial wellbeing – from today’s pay to long-term planning – isn’t just a perk, but a driver of engagement, loyalty and productivity. 

“With Zippen joining the Wagestream Group, we are strengthening our expertise and furthering our mission to help people take control of their financial lives.”

Zippen co-founders Stuart Feast and Ellie Tembras will join Wagestream. 

Feast said: “We are so excited to be joining the Wagestream team.

“We have spent the last eight years building deep knowledge of the pensions ecosystem and we look forward to sharing that with a mission-led business that already reaches millions of workers globally.”