Accel-KKR-backed Humanforce completed the acquisition of Wagestream Australian operations.

Accel-KKR-backed Humanforce, a Sydney-based global provider of workforce management and payroll solutions, completed the acquisition of Wagestream Australian operations, an Australian provider of on-demand pay. Financial terms were not disclosed. “Arguably, deskless workforces were the hardest hit since the pandemic, and they’re still struggling today – 3 years on. Businesses continue to grapple with talent attraction and retention, while deskless workers are battling rising inflation and interest rates, alongside traditionally lower rates of pay than their white-collar counterparts. Businesses that can provide innovative, low risk, high impact solutions to alleviate their employees’ number one concern – financial stress – is a real game changer in today’s environment. Our acquisition of Wagestream Australia aligns with our purpose of empowering deskless workforces with the right tools and technologies to make work easier and life better," Clayton Pyne, Humanforce CEO.