Zip Raises $100 Million Series C at $1.5 Billion Valuation to Revolutionize Procurement with No-Code Intake-to-Pay Platform

WHO Zip is targeting businesses seeking to gain control over spend, increase efficiency, and mitigate risk through their no-code Intake-to-Pay platform.

WHAT Zip's Intake-to-Pay platform provides end-to-end procurement capabilities, including purchase order management, accounts payable automation, and global B2B payments, all without the need for coding.

WHY To address the ubiquitous business problem of spend control and deliver a seamless procurement experience with significant cost savings, empowering employees to initiate and complete purchases easily.

FUNDING Zip has secured $100 million in Series C funding at $1.5B valuation, led by Y Combinator, CRV, and Tiger Global, bringing their total funding to $181 million.

HOW IT WORKS Zip's no-code platform integrates with internal tech stacks, offering flexibility and customization options to fit businesses' procurement needs without requiring extensive technical knowledge.

AVAILABILITY Zip's Intake-to-Pay platform is available now, empowering businesses globally to streamline their procurement processes with user-friendly, no-code configuration.

CUSTOMER TRACTION Zip boasts an impressive customer base, including Fortune 500 companies like Snowflake, Coinbase, Northwestern Mutual, and Canva, who benefit from the platform's intuitive interface and streamlined workflow.

KEY TAKEAWAY Zip's innovative Intake-to-Pay platform revolutionizes the procure-to-pay process, offering no-code configuration to improve efficiency and cost control in organizations, making it accessible to all users.