Product

About the Zip

Zip is a procurement orchestration platform founded in 2020 by Rujul Zaparde and Lu Cheng, alumni of Airbnb. It simplifies and automates the complex purchase request to approval workflows for software and service buys. Zip provides automated purchase order generation, accounts payable automation including invoice data extraction, comments and tagging to improve visibility, and global payments supporting over 140+ countries and 40+ currencies. The platform offers strict approval workflows for payments, fraud reduction controls, and seamless ERP integrations to maintain accurate financial records. Zip has achieved significant global traction with 175+ customers across 60 countries, monthly approvals close to $1 billion, and over $600 million saved by its users. It is recognized for combining AI-powered workflow orchestration with finance controls to enable strategic spend management