Articles from Zip

Please replace the release dated July 24, 2025, with the following corrected version due to multiple revisions.

Zip, the world’s leading agentic procurement orchestration platform, today announced its inclusion in CNBC’s World's Top Fintech Companies 2025 list in the Enterprise Fintech category. Developed in partnership with Statista, the annual ranking evaluated over 2,000 companies based on comprehensive performance metrics across key fintech sectors. The recognition adds to recent Zip honors, which include Forbes 2025 Fintech 50, Fast Company’s Most Innovative Companies of 2025, Inc.’s Best in Business Awards, and more.

Zip, the AI platform for procurement, today unveiled a groundbreaking suite of 50 purpose-built AI agents at its inaugural Zip AI Summit in Brooklyn, New York. Leveraging Zip’s agentic AI suite for procurement, companies can now eliminate millions of hours of manual, tedious work currently plaguing every department across the enterprise – from tariff assessments to contract reviews, compliance checks, and more. With this launch, Zip introduces agentic procurement orchestration, a breakthrough new category that automates the entire purchasing process, giving the world’s largest organizations a competitive edge in an increasingly volatile and resource-tight global market.

Zip, the world’s leading procurement orchestration platform, today announced its standout performance in the Spend Matters SolutionMap Spring 2025, achieving the highest technical scores in the newly launched Intake & Orchestration module. As part of Spend Matters' rigorous and comprehensive assessment of 106 procurement technology solutions across various categories, Zip emerged with the deepest features and highest technical scores among the nine vendors evaluated in the Intake & Orchestration category – outperforming established players like ServiceNow.

Zip is proud to have been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2025, earning recognition specifically within the broader Finance category. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations to set new standards and achieve remarkable milestones in all sectors of the economy.

GameStop Corp. (NYSE: GME) and Zip Co. (ASX: ZIP), the digital financial services company offering innovative, people-centered products, today announced a partnership in which Zip will be GameStop’s primary pay-in-installments service for online and in-store customers in the U.S. GameStop is a specialty retailer offering games and entertainment products through its thousands of stores and ecommerce platforms and a leader in the $100 billion gaming industry.

Zip, the world’s leading procurement orchestration platform, today highlighted its rapid adoption across the financial services industry, where its AI-powered platform has become the standard for modernizing procurement while maintaining strict regulatory compliance. The company’s growing roster of financial services customers includes industry leaders Prudential Financial, Invesco, Affirm, Coinbase, Northwestern Mutual, Discover Financial Services, and numerous other institutions who are leveraging Zip to transform how they orchestrate business spend and supplier relationships.

Zip, the world’s leading intake and procurement orchestration platform, today announced its selection to the 2025 Forbes Fintech 50 list, which recognizes the most innovative financial technology companies transforming industries. One of just 18 newcomers to make this year’s list, Zip was highlighted for its rapid enterprise adoption and for raising one of the largest fintech fundraises of 2024 with its $190 million Series D round in October.

Zip, the world’s leading procurement orchestration platform, today celebrated a transformative year that established procurement orchestration as a critical capability for modern enterprises. Throughout 2024, the platform processed more than $107 billion in spend across more than 4 million suppliers, while helping customers like Hewlett-Packard (HP), Advanced Micro Devices (AMD), and Anthropic streamline operations and drive measurable results.

Zip, the world’s leading intake and procurement orchestration platform, is proud to announce its inclusion on the Inc. 2024 Best in Business list. Zip was recognized in multiple categories including Financial Services, Software as a Service, Robust and Powerful, and On the Rise (0-4 years in business). Inc.’s annual Best in Business Awards celebrate the exceptional achievements and contributions of companies that have made a profound impact on their industries and on society at large.

Zip (ASX: ZIP), the digital financial services company offering innovative, people-centered products, today released its 2024 US Holiday Spending Report, highlighting how inflation continues to impact consumer behavior, while trends like “reward spending” and “self-gifting” gain momentum.

Zip, the world’s leading procurement orchestration platform, today announced that it has been named to Fast Company’s fourth annual Next Big Things in Tech list, honoring emerging technology that has a profound impact for industries—from education and sustainability to robotics and artificial intelligence.

Zip, the world’s leading AI-powered procurement orchestration platform, today announced $190 million in Series D funding led by BOND. This landmark investment — one of the largest for an enterprise SaaS company this year — brings Zip's valuation to $2.2 billion, a significant increase from its $1.5 billion valuation in 2023. Additional participants in the round included new investors DST Global, Adams Street, and Alkeon, along with existing investors Y Combinator and CRV.

Zip (ASX: ZIP), a digital financial services company offering innovative, people-centered products, today announced a new advertising campaign featuring two-time WNBA champion, Olympian, and superstar Kelsey Plum. The "Pay How You Want" campaign showcases Zip's payment options that let customers manage their spending without relying on traditional credit solutions and make the most of life's opportunities.

Zip, the world’s leading intake and procurement orchestration platform, today unveiled a dramatic brand transformation and introduced a suite of powerful new innovations. Fresh from being named a leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Spend Orchestration 2024 Vendor Assessment (doc #US51795424, September 2024), Zip continues to push the boundaries of what’s possible with enterprise purchasing. The innovations launched today underscore Zip’s vision to become the global standard for business spend, empowering every organization to seamlessly access the resources they need for peak performance.

Zip, the leading AI-powered spend orchestration platform, today announced that it has been named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Spend Orchestration 2024 Vendor Assessment (doc #US51795424, September 2024). This groundbreaking report marks the first time spend orchestration has been recognized as its own category.

Zip (ASX: ZIP), a digital financial services company offering innovative, people-centered products, today released findings from its Breaking Financial Taboos survey, highlighting the critical need to address the culture of financial secrecy that pervades American society. Zip surveyed over 16,500 individuals aged 18 and over nationwide to uncover the barriers for having open financial discussions and to emphasize the need for comprehensive financial literacy and transparency.

Zip, the leading AI-powered intake and procurement orchestration platform, today announced that its annual conference, Zip Forward, will be held September 25, 2024, in the heart of San Francisco’s arts district at SFJAZZ Center. Over 400 distinguished finance, accounting, and procurement executives from companies like Snowflake, OpenAI, Northwestern Mutual, and Lyft — in addition to industry thought leaders and Zip customers — will converge to explore the latest finance trends, AI advancements, and real-world success stories of businesses embracing modern finance and procurement processes to control spend and drive growth.

Zip (ASX: ZIP), a digital financial services company offering innovative, people-centered products, today announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as a payment method with a single click, which can help attract new customers and increase both conversion rates and basket sizes. Zip partnered with Stripe in Australia last year, and this now extends the partnership for merchants in the U.S.

Zip, the leading AI-powered spend orchestration platform, today unveiled a powerful suite of new and enhanced AI capabilities that enable companies to gain control of their spending by streamlining procurement. Hundreds of industry leaders including Sephora, Discover, and Reddit — not to mention leading AI companies like OpenAI — use Zip to increase operational efficiency, generate hard savings, and reduce risk. Zip’s latest innovations build on these capabilities with a slew of new capabilities, including: “Zip AI assistant,” a generative AI procurement assistant; “AI document extraction,” which extracts and stores critical data from contracts; and “AI intake automation,” which uses AI to pre-fill purchase requests.

Zip, the leading Intake and Procurement Orchestration Platform, teams up with 4C Associates, Europe's award-winning commercial, supply chain and operations consultancy, to tackle the complex challenges of global procurement and bring cutting-edge digital procurement solutions to enterprises.

Zip, the world's leading Intake and Procurement Orchestration platform and Intake-to-Pay suite, today launched new enterprise capabilities that enable businesses to drive compliance, strengthen integrations across other tools, and scale faster as the company helps customers, including publicly traded companies such as Northwestern Mutual, Coinbase, and Snowflake, save billions. The company also announced that Fortune 300 and leading digital banking and payments company, Discover, has selected Zip as its global enterprise procurement solution as part of its organization-wide procurement modernization initiative.

Zip, the world’s only Intake-to-Pay platform, significantly expanded its lead as the premier intake and procurement orchestration solution, fueled by the launch of Zip AI, Zip payments and a $100M Series C round. With $2.5B saved for customers through its innovative Intake-to-Pay platform, the company is redefining the experience of procurement, empowering teams to collaborate, enhance workflows and streamline operations so employees can grow business faster. Zip’s 300+ customers have seen 1.5M+ approvals initiated and $33B+ total spend approved.

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Zip, the world’s only intake-to-pay platform, today announced its platform was chosen the Most Innovative Fintech Solution by the 2023 Tech Ascension Awards. The Tech Ascension Awards evaluate the top innovations in financial technology, judging applicants based on technology innovation, market research and competitive differentiators. Class-leading vendors recognized by the Tech Ascension Awards deliver technology that solves critical industry challenges and produces valuable business outcomes for customers.

Zip, the world’s only intake-to-pay platform, today announced it has been chosen for the 2023 “50 Providers to Watch” list by Spend Matters.

Zip, the world’s only intake-to-pay platform, is exhibiting at SuiteWorld Las Vegas this week as the premier intake vendor for NetSuite customers. Zip, the industry-leading intake management provider, continues its lead as the de facto standard for procurement intake and vendor onboarding to support fast-growing companies using NetSuite.

Zip, the world’s only intake-to-pay platform, today announced a new embedded generative AI product suite that automates previously manual workflows, flags legal and security risks, and generates valuable business insights. The release, which focuses on document intelligence, integrates AI directly into request intake, approval and contract renewal workflows.

Zip, the world’s only intake-to-pay platform, is attending DPW Amsterdam this week and will be leading a keynote address at the event. Zip, trusted by Fortune 500 and numerous publicly traded companies, will be the only tested, enterprise-grade intake and procurement orchestration solution at the event.

Zip, the world’s only intake-to-pay platform, is attending SAP Spend Connect Live and is leading a customer session onsite with ADT. Zip is the only approved intake partner at the event listed in the SAP App Store. Commencing today and running through Wednesday, October 11, 2023, SAP Spend Connect Live is the premier spend management user conference and brings together procurement, finance, travel and expense, and business network experts.

Zip, the world’s only intake-to-pay platform, today announced the speaker lineup for its inaugural annual user conference, Zip Forward. The conference — which will take place on November 8, 2023, in the heart of San Francisco’s Financial District at The Conservatory at One Sansome — features distinguished guest speakers with unique backgrounds and deep expertise in their respective fields.

Zip, the world’s only intake-to-pay platform, today announced it has been named a ‘Leader’ by Spend Matters in their recent report “Intake Management: Procurement Tech's Next Big Market.” Founded in 2020, Zip created the first-ever intake solution for procurement and finance professionals, paving the way for the intake management space to take shape. Today, Zip offers the leading intake-to-pay solution and is the only enterprise-grade intake platform provider trusted by Fortune 500 companies.

Zip, the world’s leading intake-to-pay platform, today announced it has been recognized by leading research firm Everest Group in the “Evolution of Procure-to-Pay (P2P) Technology Landscape in the Digital Age” report. The recently published report explores operational challenges, user adoption and the evolution of the market landscape of P2P technology—highlighting the process and flow of P2P in the enterprise as well as notable solution providers—based on in-depth market research and analysis.

Zip, the world’s only Intake-to-Pay platform, announced today that it is ranked on the 2023 LinkedIn Top Startups List in the United States. The 7th annual list is part of a ranking of the leading startups to work for created by the LinkedIn News team.

Zip, the world’s only intake-to-pay platform, today announced the launch of the Zip Partner Program, a global ecosystem that comprises leading systems integrators, complementary independent software vendors (ISVs) and consulting firms. The program enables a broad range of partners to formally engage with Zip on joint customer opportunities and develop tailored procurement tech stacks.

Zip, the world’s only intake-to-pay platform, today announced its inaugural annual user conference, Zip Forward, will be held November 8, 2023, in the heart of San Francisco’s Financial District at The Conservatory at One Sansome. Distinguished finance and procurement executives, industry thought leaders and Zip customers will converge to explore the latest trends, advancements and real-world success stories of how designing for speed and user experience can enable them to control spend and thrive in times of economic volatility. Attendees will hear inspiring stories of how people and businesses have built new technologies faster than ever before, learn how hundreds of organizations are using Zip to modernize their source-to-pay processes and how the roles of finance and procurement leaders are evolving to support strategic business growth.

Zip, the world’s leading intake-to-procure platform, today announced that its Intake-to-Procure product has achieved the ‘Built for NetSuite’ status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations fully integrate Zip’s modern spend approval solution with their NetSuite instances with automated vendor creation and purchase order (PO) creation with NetSuite. The integration allows NetSuite customers to easily onboard Zip Intake-to-Procure to reduce risk and improve spend visibility and control.

Zip, the world’s leading intake-to-procure platform, today launched Zip Vendor Cards, an advanced corporate card solution that enables rapid vendor payments while strengthening control and visibility into spend. Zip Vendor Cards is purpose-built for easy adoption by employees, so businesses can effortlessly issue virtual cards for recurring and one-time purchases. Leveraging Zip’s best-in-class no-code workflow platform, finance and accounts payable (AP) teams can create virtual cards with one click for one-off purchases or automatically generate cards from workflows based on approval conditions such as purchase price, spend category or vendor. In tandem with Zip’s industry-leading Intake-to-Procure solution, Zip Vendor Cards gives businesses a unified, highly compliant solution to automate purchase requests and approvals from initial intake to issuing payment.

Zip today announced that its Intake-to-Procure platform is now available on SAP® Store, the online marketplace for SAP and partner offerings. Zip integrates with SAP Ariba, SAP’s leading spend management software solution that is purpose-built to streamline payment workflows. Zip Intake-to-Procure combined with the SAP Ariba procure-to-pay solution gives joint customers a best-in-class, end-to-end purchasing workflow with a consumer-style user experience. This allows businesses to easily increase compliance with procurement policies, drive more spend requests through Ariba and realize greater spend control.

Zip, the world’s leading intake-to-procure platform, today announced it has been named to the fifth annual 2023 Enterprise Tech 30 (ET30)—a definitive list of the most promising, enterprise tech private companies across all stages of maturity. The ET30 brings to light the enterprise startups that have the most potential to meaningfully shift how enterprises operate for the better. This year, 96 venture capitalists across 79 venture capital firms participated in determining the ET30, naming Zip to a list that includes category-defining companies such as Canva, Notion and OpenAI. The assets under management for the venture capital firms ranged from $50 million to $150 billion.

Zip today launched Zip Intake-to-Pay, extending its industry-first Intake-to-Procure platform to now provide sophisticated Procure-to-Pay capabilities, including purchase order (PO) management, accounts payable (AP) automation and global B2B payments functionality. Zip has created the industry’s first unified Intake-to-Pay solution, consolidating all of the tools and processes required for the end-to-end procurement lifecycle. Businesses benefit from comprehensive spend orchestration in a single platform, leading to increased control and visibility over spend, greater AP efficiency and support for compliant purchasing processes.

Zip, the world’s only intake-to-pay platform, today announced its $100 million Series C funding round at a $1.5 billion post-money valuation, with investment from Y Combinator, CRV and Tiger Global. This brings Zip’s total funding to $181 million with its prior seed, $25 million Series A and $43 million Series B rounds. Today the company also announced its product launch of Zip Intake-to-Pay, extending its industry-first Intake-to-Procure platform for modern spend approvals to now provide Procure-to-Pay (P2P) capabilities. With new purchase order (PO) management, accounts payable (AP) automation and global B2B payments functionality, Zip provides a unified platform for the end-to-end procurement lifecycle. Zip’s latest funding will allow the company to accelerate product and user experience innovations to increase employee adoption across its rapidly growing customer base, including new applications of generative AI that maximize efficiency and synthesize insights across the intake-to-pay process. Zip now boasts hundreds of customers globally including Snowflake, Coinbase, Northwestern Mutual, Canva, Webflow and Databricks—ranging from startups to Fortune 500 public companies.

Zip, the world’s only intake-to-procure platform, has been selected as a Forbes Best Startup Employer of 2023. This prestigious award is presented by Forbes and Statista Inc., a world-leading statistics portal and industry ranking provider. Best Startup Employers were determined by examining employee satisfaction, employer reputation and company growth. This includes examining employee retention and reviews, social media analysis and comprehensive evaluations of website traffic, headcount growth rates and job openings. This recognition demonstrates Zip’s ability to provide an exemplary workplace for employees who want to grow in their roles, while also contributing to the continued development of Zip’s innovative procurement solutions.

Zip, the world’s leading intake-to-procure solution, today announced results of the 2023 Trends in B2B Purchasing survey of 1,056 U.S.-based finance and accounting professionals – director-level and above. Respondents are overwhelmingly eager to move the procurement process away from legacy approval workflows and communication methods and towards automation to improve B2B purchasing efficiency and unlock new levels of spend visibility and control. The majority (79.4%) of respondents said their company faces challenges when purchasing B2B software and services and nearly one-third (32.1%) of respondents describe their B2B purchasing process as broken. This appears to lead to significant corporate risk and weak spend controls, with half of respondents agreeing that stakeholders (e.g., executives, finance, legal, IT, security, etc.) lack sufficient visibility into their company’s purchasing and approval process. It follows that a majority of respondents (70.9%) also believe most of their process for initiating purchase requests and approvals for B2B software and services should be automated. The research uncovered a plethora of B2B purchasing challenges and evaluated the opportunity for organizations to improve procurement and accounts payable.

Zip, the world’s leading intake-to-procure solution, today announced it has been named a recipient of the prestigious 2022 ProcureTech100 distinction, the definitive list of the top 100 pioneering digital procurement solutions around the globe. The ProcureTech100 is a collaboration between ProcureTech – a dynamic platform for procurement and technology leaders, entrepreneurs, and the digital procurement ecosystem – and Kearney, a leading global management consultancy.

Zip, the world’s leading intake-to-procure solution, today announced new product advancements to streamline the user experience and accelerate employee adoption of the Zip platform. With new collaboration features, comment and notification functionality, page view options and one-click approval updates, spend approvers can more effectively communicate with stakeholders, find information and take action faster with fewer clicks. This enables faster and more seamless spend approvals while delivering an exceptional user experience that meets the unique needs of spend requesters, approvers and procurement stakeholders.

Zip, the world’s leading intake-to-procure solution, today announced it has been selected for the 2022 “50 Providers to Watch” list by Spend Matters, a leading solution intelligence source for procurement and supply chain professionals. The 50 Providers to Watch list recognizes companies in the procurement and supply chain market that are fast-growing, propelling the market forward and continually developing best-in-class, innovative products.

Zip, the world’s leading intake-to-procure solution, today announced a new partnership with Sage, the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses (SMBs). The Zip integration for Sage Intacct automates vendor creation and ensures daily synchronization of records across the two platforms. Joint customers can easily maintain a more complete, up-to-date vendor record, which significantly streamlines workflows across historically disparate procurement and accounting/ERP systems and processes.

Zip, the world’s leading intake-to-procure solution, and Ironclad, the leading digital contracting platform, today announced their strategic partnership and new integration. Together, Zip and Ironclad provide joint customers with a unified procurement experience across their platforms—from navigating spend requests to orchestrating approval processes and full digital contract management.

Zip, the world’s leading intake-to-procure solution, today announced the launch of Zip Renewals, a new feature that uniquely provides finance leaders with both insight on upcoming renewal spend as well as automation of the renewal process. This combination empowers finance teams to find cost efficiencies as contracts renew and at the same time eliminate tedious work by employees and finance in processing renewals. Zip is uniquely able to help teams manage the rapid growth of SaaS and services spend by combining visibility into software and service renewal dates, automated alerts when a contract is set to renew and an automatically triggered workflow to orchestrate the renewal process. Businesses can now proactively and efficiently manage the renewal processes that are fundamental to their operations. Additionally, Zip has achieved SOC 1 Type 2 certification to validate having the controls in place necessary for customers to be able to meet their SOX compliance obligations.

Zip, the world’s leading intake-to-procure solution, today announced the appointment of Tyson Knight as Vice President of Services. Knight brings ten years of experience building global post-sales organizations. In his new role, he will oversee all post-sales service offerings for Zip. Knight will continue to scale Zip’s high-caliber post-sales organization, providing best-in-class support to customers and ensuring their ongoing success.

Zip, the world’s leading intake-to-procure solution, today announced the appointment of Ed Sawma as VP of Marketing. Sawma brings more than 15 years of expertise leading go-to-market functions for some of the world’s most successful technology brands, including Motorola, Microsoft and Okta. Sawma will be responsible for building and leading a world-class marketing team to support Zip’s rapid growth by elevating Zip’s presence in the market and accelerating the sales pipeline. He will oversee product marketing, revenue marketing, marketing operations, partnerships, and corporate marketing and communications. Zip recently announced its $43 million Series B at a $1.2 billion valuation, achieved in less than two years since the company’s 2020 founding.

Zip, the world’s leading intake-to-procure solution, today announced its $43 million Series B funding round led by YC Continuity with participation from Tiger Global and CRV. This brings Zip’s total funding to $81 million and the company’s valuation to $1.2 billion in just 18 months since its founding, with its $25 million Series A and multiple seed-round investments in that time frame. Zip’s enterprise-grade platform enables employees to make business purchases with a consumer-style experience. Founded in 2020 by Rujul Zaparde and Lu Cheng, Zip boasts more than 100 customers, including industry leaders such as Canva, Snowflake, Roblox, Coinbase, Airtable, Toast, Webflow and Databricks. The company rapidly grew to more than 130 employees – with top-tier engineers from Silicon Valley tech innovators like Airbnb, Meta, Google and Square. The latest round will be used to accelerate adoption and talent acquisition, with plans to double employee headcount by the end of 2022.