Zellis acquires financial wellbeing platform Hastee

£227 million-revenue HR tech giant Zellis has added a new company to its Group.

It has acquired Hastee, an all-in-one financial wellbeing platform, for an undisclosed sum.

This purchase brings financial education and planning tools, as well as earned wage access, to Zellis’ portfolio, which includes payroll-focused Moorepay and benefits provider Benifex.

Zellis acquired Benify last year, and merged Benefex and Benify together to create Benifex with a mission to drive a global rewards and benefits platform.

As a result of the Hastee acquisition, Zellis is now offering a comprehensive employee offering to its customers, including Sky, Legal & General, Jaguar, Harrods and Credit Suisse.

Talking about the Zellis purchase, Hastee’s CEO Jaime Jiménez exclusively tells UNLEASH: “Joining Zellis creates a natural synergy that enhances our core mission.

“It allows us to continue advancing our platform while maintaining our laser focus on what drives us - empowering employees with greater control and flexibility over their financial wellbeing.”

Financial wellbeing is top of mind for HR

For Zellis, the Hastee purchase comes as financial wellbeing continues to be a top priority for HR leaders and organizations.

Zellis Group CEO John Petter commented: “In today's economic environment, financial wellbeing has become a crucial component of overall employee wellness which in turn drives productivity and talent retention.”

This is confirmed by research. For instance, recent data from WTW shows that cost of living remains a key issue facing organizational benefit strategies, and financial wellbeing remains a top five priority for HR teams.

Therefore, Petter tells UNLEASH: “Adding Hastee to the Group allows us to seamlessly integrate this essential capability across our HR, Payroll and Benefits platforms.

This makes it easier for organizations to offer practical tools that help employees manage their money, gain access to financial education and reduce stress.”This makes it easier for organizations to offer practical tools that help employees manage their money, gain access to financial education and reduce stress.”