**San Francisco**: Zip, a procurement orchestration platform, has made it to the 2025 Forbes Fintech 50 list following a $190 million funding round. The company has reported significant operational efficiencies for clients and plans further expansion in Europe, including a new office in London.
Zip, a procurement orchestration platform based in San Francisco, has been named one of the 18 newcomers to the 2025 Forbes Fintech 50 list, which celebrates the most innovative financial technology firms. This recognition comes following a successful $190 million Series D funding round in October 2024, marking one of the largest fintech raises of the year.
Rujul Zaparde, Co-founder and CEO of Zip, commented on the accolade, stating, “Being named to the Fintech 50 validates that procurement orchestration has become essential for modern enterprises.” He highlighted the pressures organizations face due to complex purchasing processes and increased fraud risks, asserting that Zip’s services help streamline operations while maintaining oversight.
Zip has reported impressive metrics for 2024, processing over $107 billion in spend for clients, including significant names such as OpenAI, Snowflake, and Prudential. On average, customers have noted a 25% reduction in the time spent on manual purchasing tasks and a 3.6% decrease in overall spending. Such efficiency gains have contributed to substantial savings for companies; for instance, Snowflake realised over $300 million in savings due to its partnership with Zip.
The past year has also seen Zip’s robust expansion efforts, including the opening of a new office in London. The company increased its workforce by 400% in the EMEA region to satisfy the growing demand across the UK, Germany, and France. Additionally, the launch of Zip Premier — an enterprise-grade suite aimed at multinational companies — and the introduction of an AI suite for purchasing, document extraction, and invoice processing, have marked significant advancements in their service offerings.
Zip’s accolades aren’t limited to the Fintech 50 list; the firm has also earned recognition from Fast Company and Inc. magazine, alongside a strong performance in the IDC MarketScape evaluation for SaaS and Cloud-Enabled Spend Orchestration.
With a growing portfolio of high-profile clients, Zip continues to position itself as a leader in optimising business spend through advanced procurement solutions.
Source: Noah Wire Services
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