Payroll and HR platform Zellis Group has acquired London-based Hastee as it increases its suite of financial wellbeing tools.
Hastee, a financial wellbeing platform, aims to help employees take control of their financial lives through earned wage access, financial education, savings and comprehensive money management tools.
By integrating the company’s financial wellbeing offering with Zellis’ AI-enabled HR, workforce management, payroll and benefits platforms, Zellis can now offer its clients a unified suite of services.
The move comes after Zellis acquired elementsuite, which services enterprises including McDonald’s and Five Guys, in January this year.
It also recently lost former finance director David Critchley in May, who is now CFO of Totalmobile.
“In today’s economic environment, financial wellbeing has become a crucial component of overall employee wellness which in turn drives productivity and talent retention,” said John Petter, CEO of Zellis Group.
“This acquisition allows us to provide our customers with a seamless experience that connects HR, payroll and benefits with immediate financial tools that employees can use to improve their financial health and reduce stress.”
Jaime Jiménez, CEO of Hastee, added: “Our acquisition by Zellis unites complementary strengths, delivering immediate value to customers through enhanced solutions while positioning us to better serve market needs and accelerate growth together.”
The tools accessible now include on-demand earned wage access, allowing employees to access their earnings before payday; money management tools helping employees to budget and plan for the future; and personalised financial education resources.
Also available are analytics that provide organisations with insights into employee financial wellness.
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