WageStreamOR WageStream Inc announces acquisition of pension technology service provider Zippen
Wagestream Acquires Zippen to Bolster Workplace Financial Wellbeing
Wagestream, a leading provider of workplace finance and wellbeing services, has announced the acquisition of pensions technology company Zippen. This move signifies a significant step forward in the provision of holistic financial wellbeing to workers, particularly in the context of the evolving UK pensions landscape.
Zippen specializes in defined contribution pensions and has spent eight years building deep knowledge of the pensions ecosystem. The acquisition solidifies Wagestream's evolving role as a key provider of financial services in the workplace and aligns with its broader strategy to build the most comprehensive platform for workplace finance and wellbeing.
Stuart Feast and Ellie Tembras, Co-Founders of Zippen, express their excitement about joining the Wagestream team. They look forward to sharing their expertise with Wagestream, a mission-led business that already reaches millions of workers globally. Peter Briffett, CEO & Co-Founder of Wagestream, comments that the acquisition strengthens Wagestream's expertise and further's their mission to help people take control of their financial lives.
Financial services have evolved beyond traditional financial institutions, now including salary-linked financial services, high interest savings accounts, affordable loans, and flexible pay. The acquisition of Zippen by Wagestream signifies a step forward in the provision of holistic financial wellbeing to workers, expanding and deepening Wagestream's financial wellness platform by incorporating specialist pension services.
By incorporating Zippen’s technology, Wagestream aims to offer a seamless, end-to-end financial services platform—from everyday paycheck management to long-term savings and pension solutions—thus enhancing employee financial wellbeing comprehensively. This move enables Wagestream to help millions of UK workers, especially low and middle-income employees who disproportionately hold unclaimed pension pots, to more easily access modern pension plans and improve their long-term financial wellbeing.
The acquisition supports Wagestream's mission of improving the financial wellbeing of every worker. The Co-Founders of Zippen are eager to contribute to this mission, as they believe that Wagestream is well positioned to understand and address workers' long-term financial challenges through its payroll integrations, employer relationships, and proprietary employee data.
The move comes amidst a shift in the employee-employer relationship, as financial services increasingly move into the workplace. The acquisition of Zippen by Wagestream signifies a step forward in this trend, transforming workplace financial services into a holistic ecosystem that supports both immediate financial needs and future financial security through integrated pension technology within its platform.
[1] Wagestream Press Release, "Wagestream Acquires Zippen to Bolster Workplace Financial Wellbeing," [date], URL [4] Wagestream Press Release, "Wagestream Expands Financial Wellness Platform with Acquisition of Zippen," [date], URL [5] Wagestream Press Release, "Wagestream's Acquisition of Zippen to Improve Financial Wellbeing of Every Worker," [date], URL
- The acquisition of Zippen by Wagestream is a strategic move in the business world, enhancing their ability to provide comprehensive financial services in the workplace, spanning from instant paycheck management to long-term pension plans.
- This union of Wagestream and Zippen technology brings an era of integration between immediate and future financial security, positioning Wagestream as a technology-driven force in the evolving field of finance and business.
