When was Zip founded?

Zip was founded in 2020 and became a unicorn in 2022.

Where is Zip located?

Zip is headquartered in San Francisco, United States.

Who is the current CEO of Zip?

Rujul Zaparde of Zip. They have also founded 1 company and are an angel investors in 1 startup.

Which legal entities is Zip associated with?

Zip is associated with ZIPHQ, INC. and 1 other.

How many employees does Zip have?

As of May 31, 2026, the latest employee count at Zip is 1259.

Is Zip a funded company?

Zip is a funded company, having raised a total of $358M across 6 funding rounds to date. The company's 1st funding round was a $25M Series A round.

How much is Zip worth?

The latest valuation of Zip is $2.2B as of Oct 21, 2024.

When was the latest funding round of Zip?

Zip's latest funding was a $190M Series D round on Oct 21, 2024, with participation from 6 investors.

Is Zip a Finance & Accounting Tech company?

The primary sectors of Zip are Finance & Accounting Tech and SCM Software.

Where does Zip rank among its competitors?

Zip ranks 9th amongst 666 active competitors, of which 103 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Tipalti, which secured $200M in Sep, 2025.

Who are the top competitors of Zip?

Zip's top competitors include Coupa, Concur and Tipalti. Among them, Tipalti secured the most recent funding round in September, 2025.

Zip - 2026 Company Profile, Team, Funding & Competitors

Zip is a series D company based in San Francisco (United States), founded in 2020 by Rujul Zaparde and Lu Cheng. It operates as a Provider of a platform for procurement orchestration, intake, and spend management. Zip has raised $358M in funding from Y Combinator and Bond Capital, with a current valuation of $2.2B. The company has 666 active competitors, including 103 funded and 67 that have exited. Its top competitors include companies like Coupa, Concur and Tipalti.

Sectors and market segments that Zip operate in

Zip serves in the FinTech market segments.The primary business model of Zip is:

FinTech > Finance & Accounting Tech > ***** **** > ***** ******

Company Details

Provider of a platform for procurement orchestration, intake, and spend management. The platform offers features such as procure-to-pay automation, supplier onboarding, and sourcing. It includes risk orchestration, an AI procurement concierge, global payments, and vendor cards. The platform provides solutions for procurement, finance, accounting, IT, security, and legal teams. It serves startups, mid-market, and enterprise-level organizations across various industries.

Website: ziphq.com
Social
Email ID: *****@tryevergreen.com
Phone Number: +1 **********

Key Metrics

Founded Year

2020

Location

San Francisco, United States

Stage

Series D

Total Funding

$358M in 6 rounds

Latest Funding Round

Series D, Oct 21, 2024, $190M

Post Money Valuation

$2.2B as on Oct 21, 2024

Investors

Y Combinator & 11 more

Ranked

9^th among 666 active competitors

Employee Count

1,259 as on May 31, 2026

Similar Companies

Coupa & 369 more

View Zip's full profile

Zip is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ZIPHQ, INC. CIN: 832736232 , United States, Active	Dec 31, 1999	-	267 (As on Dec 31, 2024)	-
GREENBAX, INC. CIN: 83-2736232 , United States, Active	Nov 29, 2018	-	44 (As on Dec 31, 2021)	-

Zip has raised a total funding of $358M over 6 rounds. Its latest funding round was a Series D round on Oct 21, 2024 for $190M. 6 investors participated in its latest round. Zip has 11 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Zip:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 21, 2024	$190M	Series D	$2.2B	-	Bond Capital	Y Combinator, DST Global, CRV, Alkeon Capital Management, Adams Street Partners
May 15, 2023	$100M	Series C	$1.5B	-	-	Y Combinator, CRV, Tiger Global Management
May 25, 2022	$43M	Series B	$1.2B	-	Y Combinator	Tiger Global Management, CRV

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View details of Zip's funding rounds and investors

The founders of Zip are Rujul Zaparde and Lu Cheng. Rujul Zaparde is the CEO of Zip.

Here are the details of Zip's key team members:

Rujul Zaparde: Co-Founder & CEO of Zip. They are also an angel investor in 1 startup.
Lu Cheng: Co-Founder & CTO of Zip.
Contact Info: 1 email address

View details of Zip's Founder profiles and Board Members

Zip's employee count trend

Zip has 1,259 employees as of May 26. Here is Zip's employee count trend over the years:

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Top competitors of Zip include Coupa, Concur and Tipalti. Here is the list of Top 10 competitors of Zip, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coupa 2006, San Mateo (United States), Acquired	Provider of cloud-based business spend management platform leveraging AI to help companies achieve visibility, control, and optimization of total spend	$169M	Meritech, Battery Ventures & 18 others	87/100
2nd	Concur 1988, Bellevue (United States), Acquired	Provider of travel, expense, and invoice management solutions for businesses	-	RRE Ventures, American Express & 7 others	75/100
3rd	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 23 others	73/100
4th	Procurify 2012, Vancouver (Canada), Series C	SaaS-enabled end-to-end spend management software	$82.5M	Information Venture Partners, Nexus Venture Partners ... & 22 others	69/100
5th	GEP 1999, Clark (United States), Unfunded	Cloud-based procurement-to-pay solutions	-	-	69/100
6th	Vertice 2021, London (United Kingdom), Series C	AI-powered platform for modern finance and procurement teams	$101M	83NORTH, Bessemer Venture Partners & 10 others	68/100
7th	Zylo 2015, Indianapolis (United States), Series C	Platform offering SaaS applications management solutions	$72.5M	High Alpha, MassMutual Ventures & 16 others	68/100
8th	Bizongo 2015, Mumbai (India), Series E	Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions	$307M	Accel, AddVentures & 30 others	67/100
9th	Zip 2020, San Francisco (United States), Series D	Provider of a platform for procurement orchestration, intake, and spend management	$358M	Adams Street Partners, Bond Capital & 10 others	65/100
10th	PayEm 2019, San Francisco (United States), Series A	SaaS-based expense management solutions for corporate organisations	$47M	NFX, Pitango & 6 others	64/100