About Zip

In 2020, Rujul Zaparde and Lu Cheng co-founded Zip to simplify the complex B2B procurement process. Buying B2B products or services is much harder than the experience most of us have buying nearly anything as a consumer. Zip invented the world's leading Intake-to-Pay solution to bring a consumer grade user experience to B2B purchasing.


Zip's mission is to help businesses procure with the fastest process, the least risk, and at the best value. Our vision is to become the global standard for B2B Spend. Through innovation and dedication, we are redefining procurement, making it an effortless experience that delivers unmatched value to businesses worldwide.

Our team, the driving force behind Zip, consists of 300 committed employees across offices in San Francisco, Dallas, Toronto, and London. This global presence enables us to serve a diverse range of customers, including Lyft, Snowflake, Northwestern Mutual, Canva, Sephora, Reddit, and Coinbase, who rely on Zip for their procurement transformations.

At its core, Zip streamlines the procurement orchestration process from intake to pay. Our platform simplifies intake, sourcing, vendor management, purchase orders, AP automation, and global payments, offering a single entry point for employee purchases. This integrated approach ensures efficiency, reduces risk, and maximizes value, enabling businesses to focus on their growth and success.

Zip has raised $181 million at a valuation of $1.5 billion, led by Y Combinator, Tiger Global, and CRV to revolutionize the procurement industry.