Wagestream, a UK-based workplace finance and wellbeing application, has acquired Zippen, a firm specializing in pension technology. Financial details of the transaction remain undisclosed.
Founded in 2018, Wagestream serves approximately three million users—primarily shift and frontline workers—across the UK, Europe, and the US. The app provides individuals with an interactive payslip, allows them to choose their payment timing, and offers features for saving, reducing bills, and accessing debt advice.
The acquisition of Zippen enhances Wagestream’s suite of services, particularly in the area of pension management and retirement planning. Zippen’s familiarity with the UK pensions market, where it is estimated that £31.1 billion in pension assets remains unclaimed, positions it as a strategic asset. Notably, low- and middle-income earners possess twice as many unclaimed pension pots compared to the average UK worker.
Peter Briffett, CEO of Wagestream, commented, “We are witnessing a transformation in how financial support is extended to employees. Numerous employers are beginning to recognize that comprehensive financial wellbeing—spanning immediate pay concerns to long-term planning—is not merely a benefit but a key factor in employee engagement, loyalty, and productivity.”
He further stated, “By integrating Zippen into the Wagestream Group, we are enhancing our expertise and advancing our mission to empower individuals to take charge of their financial futures.”