Zip Analysis: $190M Raised
What is Zip?
Zip is an AI-powered procurement orchestration platform that streamlines purchasing processes and enhances spend management for businesses of all sizes.
Product Features & Capabilities
- Intake-to-Procure, Procure-to-Pay, Sourcing, Global Payments, Vendor Cards, Integration Platform, AI-powered decision making, Spend insights, Vendor management, Workflow engine
Pricing
- Average annual cost: $82,000
- Minimum price: $1,000 or more
- Maximum price: up to $244,000
How much Zip raised
Series D - $190 million
October 21, 2024Lead Investor: Led by BOND
Who are the founders of Zip
RZ
Rujul Zaparde
Co-Founder, CEO
MH
Market Focus
Zip primarily focuses on the procurement and supply chain management industry, providing an AI-powered platform that streamlines purchasing processes and enhances procurement efficiency for organizations of all sizes.
Investors
- BOND
- DST Global
- Adams Street
- Alkeon
- Y Combinator
- Tiger Global
- CRV
Business Model
Dual-sided revenue model from customers and merchants, including fees and interest charges.
Competitors Overview
The main competitors of Zip in the procurement orchestration market include:
- Spendflo: This platform simplifies procurement by offering a centralized system that streamlines purchasing, tracks spending, and optimizes vendor contracts. Spendflo automates workflows to eliminate manual ineffici
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