Zip

Zip

Platform for managing business spend controls

About Zip

Simplify's Rating
Why Zip is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Enterprise Software

Fintech

Company Size

501-1,000

Company Stage

Series D

Total Funding

$370.9M

Headquarters

San Francisco, California

Founded

2020

Overview

ZipHQ offers a platform that helps businesses manage their spending more effectively. The platform is designed to be easy to use, encouraging employees to engage with it, which leads to better visibility of spending for finance teams. This visibility helps prevent cash leakage and reduces risks associated with vendors. ZipHQ serves a variety of clients, including finance, procurement, IT, and legal teams, by providing tools that streamline vendor management and contract approvals. The software integrates with existing systems and operates on a subscription model. Key features include dynamic workflows for approvals and compliance, which help avoid duplicate vendors and minimize risk. Customers have reported that ZipHQ has automated their procurement processes and enhanced collaboration among different teams.

YC Company
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Simplify's Take

What believers are saying

  • AI-driven procurement solutions are gaining traction, aligning with Zip's focus.
  • Zip's new risk orchestration solution addresses growing supplier risk management needs.
  • Significant investment in AI capabilities supports further innovation and expansion.

What critics are saying

  • AI-driven automation may lead to job displacement concerns among employees.
  • Expansion into new regions could expose ZipHQ to unfamiliar regulatory environments.
  • The competitive fintech landscape pressures ZipHQ to continuously innovate.

What makes Zip unique

  • ZipHQ offers a unified platform for purchase and vendor requests.
  • The platform integrates with major ERP and P2P solutions for seamless operations.
  • ZipHQ's solution enhances visibility and control over business spending.

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Funding

Total Funding

$370.9M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$190M
Zip

Benefits

📈 Start-up equity

💸 401k plan

🦷 Full health, vision & dental coverage

🍽️ Catered lunches & dinners

🚍 Commuter benefit

🚠 Team building events & happy hours

🌴 Unlimited PTO

💻 Shiny new Apple equipment

🪑 Generous office stipend for remote employees

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

0%
PYMNTS
Apr 3rd, 2025
Tariffs And Enterprise Ai Headline This Week’S B2B Innovations

The business landscape is challenging, but firms are increasingly flush with innovations designed to beat back any operational challenges with cutting-edge tech. Artificial intelligence, for example, has become a linchpin of modern financial operations, reshaping processes from fraud detection to credit risk assessment. As companies warm toward harnessing AI-powered algorithms, efficiency and precision are being [] The post Tariffs and Enterprise AI Headline This Week’s B2B Innovations appeared first on PYMNTS.com.

PYMNTS
Apr 2nd, 2025
Know-Your-Business Is Key To Stability As Trump’S Tariffs Shake Up Supply Chains

There’s a trade war happening. Governments around the world are imposing and adjusting tariffs to address shifting geopolitical and economic realities. The corresponding supply chain uncertainty has thrown many enterprise back offices into turmoil. On Wednesday (April 2), at an event entitled the “Make America Wealthy Again Event” during what the administration has termed “Liberation [] The post Know-Your-Business Is Key to Stability as Trump’s Tariffs Shake Up Supply Chains appeared first on PYMNTS.com.

PYMNTS
Apr 1st, 2025
Zip Launches Supplier Risk Management Solution For Global Organizations

Zip has added a solution for supplier risk management to its procurement orchestration platform. The new Zip for Risk Orchestration enables global organizations to streamline supplier risk assessments, financial verification and regulatory compliance to mitigate risks related to fraud, security breaches and enforcement actions, the company said in a Tuesday (April 1) press release. “Just as we transformed procurement orchestration, we’re now helping businesses proactively manage regulatory and operational risks worldwide,” Zip Co-founder and CEO Rujul Zaparde said in the release

ZipHQ
Mar 18th, 2025
Zip joins Fast Company's Most Innovative Companies of 2025

And today, ZipHQ, Inc. is honored to share that Fast Company has named Zip one of the World's Most Innovative Companies of 2025 in finance - placing ZipHQ, Inc. alongside groundbreaking brands like Nvidia, Waymo, and DuoLingo.

ZipHQ
Mar 6th, 2025
Zip named among Forbes' 'America's Best Startup Employers'

ZipHQ, Inc. is thrilled to announce that Zip has once again been recognized on Forbes' prestigious list of 'America's Best Startup Employers for 2025' - marking its third consecutive year receiving this honor.

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