Zip

Platform for managing business spend controls

San Francisco, California, United States

About Zip

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, all of whom benefit from improved control over spending and vendor relationships. The software integrates with existing systems and operates on a subscription model, providing features like dynamic workflows for approvals and compliance, which help streamline procurement processes and enhance collaboration among different teams. The goal of ZipHQ is to automate and simplify spend management, making it easier for businesses to maintain control and reduce risks.

San Francisco, CaliforniaHeadquarters
2020Year Founded
$360.8MTotal Funding
SERIES_DCompany Stage
Enterprise Software, FintechIndustries
501-1,000Employees

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

Risks

Increased competition in AI-powered procurement could threaten ZipHQ's market share.
Expansion into new regions may expose ZipHQ to regulatory challenges.
Dependency on OpenAI's technology may pose risks if terms change.

Differentiation

ZipHQ integrates seamlessly with major ERP and P2P solutions.
The platform offers dynamic intake and approval workflows for compliance.
ZipHQ's AI capabilities streamline procurement, driving significant cost efficiencies.

Upsides

ZipHQ raised $190 million in Series D funding for global expansion.
The platform has driven $4.4 billion in savings since 2020.
ZipHQ is recognized as a leader in the growing intake and orchestration market.

Funding

Total raised$360.78 M
Latest valuation$2.20 B
StageSERIES_D