After debuting on the list in 2025, Zip returns following a breakout year of AI innovation and Gartner® Magic Quadrant™ recognition
SAN FRANCISCO–(BUSINESS WIRE)–Zip, the AI platform for enterprise procurement, today announced it has been named to the 2026 Forbes Fintech 50 list for the second consecutive year. The annual list, compiled through a months-long evaluation by Forbes reporters and editors, recognizes the most innovative private companies transforming finance through technology.
The recognition caps a breakout year. Zip introduced specialized AI agents that autonomously handle high-value tasks across procurement, finance, legal, IT, and security – an approach the company calls agentic procurement orchestration – and was named a Visionary in the Gartner® Magic Quadrant™ for Source-to-Pay Suites, the youngest company ever recognized. Its customer base grew by hundreds of enterprises, including Fortune 500 companies spanning industries from telecom and financial services to retail and technology.
“Supplier spend is the second largest expenditure most companies make, yet it hasn’t been disrupted in decades,” said Rujul Zaparde, Co-founder and CEO of Zip. “It requires multiple teams and dozens of systems, not to mention a tremendous amount of manual work, making it prime for AI transformation. The world’s largest enterprises are already using Zip’s AI platform to automate approvals, cut cycle times, and deliver real, measurable results at scale.”
To date, Zip’s AI platform has saved customers more than $6 billion and processed hundreds of billions in spend across more than 7 million suppliers. The launch of over 50 specialized AI agents last summer deepened those capabilities significantly. OpenAI now saves 1,400 hours annually with Zip, Canva has boosted procurement productivity 250%, and Dollar Tree has identified more than $100 million in savings. Both OpenAI and Anthropic are Zip customers and partners.
“Zip’s AI eliminates the busy work but also goes much further, synthesizing insights and flagging opportunities that a CFO actually cares about,” added Zaparde. “We’re lifting procurement from back-office reporting into a strategic lever for finance, and we’re just getting started.”
Additional milestones over the past year include expanded deployments at Snowflake, Canva, Anthropic, AMD, and Discover; a global expansion to over 700 employees with new offices in San Francisco and Toronto; and the launch of an Enterprise Transformation Office staffed by former Fortune 500 CPOs from UnitedHealth Group, MGM Resorts, and Sanofi.
Zip is backed by $371 million in funding at a $2.2 billion valuation from investors including BOND, CRV, Y Combinator, Tiger Global, and DST Global.
For more information about Zip, visit ziphq.com.
About Zip
Zip is the leading AI platform for enterprise procurement. Through one platform, Zip unifies how companies purchase – replacing fragmented tools and manual processes with intelligent orchestration that procurement teams and employees actually want to use. Zip is the only procurement orchestration platform with full intake-to-pay capabilities and has the most widely deployed AI agents in enterprise procurement. Zip has delivered over $6 billion in customer savings and powers modern procurement for hundreds of global enterprises, including Anthropic, AMD, Discover, Dollar Tree, OpenAI, T-Mobile, and more. Visit www.ziphq.com.
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