Zip is an AI-powered procurement orchestration platform founded in 2020 that manages the complete spend cycle from intake to payment. The platform integrates across disparate enterprise systems to route procurement requests and accelerate approvals across finance, legal, procurement, IT, security, and other departments. Over 100 customers use Zip to manage billions of dollars in spend.
The platform operates through no-code configuration and intelligent workflows, eliminating the need for custom engineering to connect existing systems. Automatic routing reduces approval bottlenecks by streamlining how requests move between teams. Zip has raised $370 million in funding and operates at a $2.2 billion valuation, backed by investors including Y Combinator, Tiger Global, BOND, DST Global, and CRV.
The company serves enterprises across sectors including technology, financial services, and data infrastructure. Notable customers include OpenAI, Snowflake, Anthropic, Coinbase, Prudential, Databricks, Canva, Airtable, and Webflow. Gartner recognised Zip as a Visionary in the 2026 Magic Quadrant for Source-to-Pay, and the company was included in LinkedIn's 2025 Top Startups list.
