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About Zip
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.
Simplify's Take
What believers are saying
- ZipHQ's AI platform has driven $4.4 billion in savings since 2020.
- The company is expanding globally, focusing on Europe, the Middle East, and Africa.
- ZipHQ's recognition as an innovative company boosts its market credibility.
What critics are saying
- Increased competition from AI-powered procurement platforms may erode ZipHQ's market share.
- Expansion into new regions presents regulatory challenges and potential operational delays.
- Reliance on AI exposes ZipHQ to data privacy and security risks.
What makes Zip unique
- ZipHQ offers a unified platform for purchase and vendor requests across teams.
- The platform integrates with major ERP and P2P solutions for seamless procurement processes.
- ZipHQ's AI capabilities enhance procurement efficiency and risk management.
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Funding
Total Funding
$370.9M
Above
Industry Average
Funded Over
5 Rounds
Y Combinator
Tiger GlobalIndustry standards
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
6 month growth
↑ 2%1 year growth
↑ 0%2 year growth
↑ 0%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
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, 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.
Η εταιρεία συγκέντρωσε το ποσό των 190 εκατ. δολαρίων σε έναν Series D γύρο χρηματοδότησης
Zip will use the $190 million raised in the Series D round for research and development, expanding its suite of artificial intelligence solutions, and supporting global expansion with a focus on Europe, the Middle East and Africa. The funding underscores investors' growing interest in companies looking to broaden out their AI capabilities. Growing expectations of a soft landing and the Federal Reserve's policy easing could also encourage more funding rounds, analysts have said.
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About Zip
Industries
Enterprise Software
Fintech
Company Size
501-1,000
Company Stage
Series D
Total Funding
$370.9M
Headquarters
San Francisco, California
Founded
2020
There are no jobs for Zip right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Zip