Zip, the AI-powered enterprise procurement platform, has been recognised for the second year running on the 2026 Forbes Fintech 50 list, highlighting its rapid growth, industry milestones, and innovative ‘agentic procurement orchestration’ technology that is transforming corporate spend management.
Zip, the artificial-intelligence platform focused on enterprise procurement, has been named to the 2026 Forbes Fintech 50 list for a second year running, an accol...
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ade that follows a string of product, customer and industry milestones over the past 12 months.
According to Forbes, the annual list recognises private companies that are reshaping financial services through technology. Forbes notes Zip’s San Francisco base and highlights its AI-driven procurement system, which the publication says has processed $355 billion in spend and 26 million approvals since the company’s 2020 founding. The report also lists Zip’s October 2024 financing at $371 million and a valuation of $2.2 billion.
Zip’s own announcement described last year as a breakout period for the business. The company says it deployed more than 50 specialised AI agents that operate across procurement, finance, legal, IT and security, a capability it terms “agentic procurement orchestration”. Zip also touted a fast-growing enterprise roster that now includes numerous Fortune 500 customers and high-profile tech names.
“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.”
The company reports several performance milestones. Zip claims its platform has delivered more than $6 billion in savings for customers, processed hundreds of billions in spend across over 7 million suppliers, and produced measurable time and productivity gains for users such as OpenAI, Canva and Dollar Tree. According to Forbes and company materials, OpenAI and Anthropic are both customers and partners; Forbes additionally named T‑Mobile, Shell and LinkedIn as recent enterprise customers.
Industry recognition has multiplied beyond the Forbes list. Zip says it was named a Visionary in Gartner’s Magic Quadrant for Source-to-Pay Suites, making it the youngest firm to receive that distinction. Zip has also been featured in Fast Company’s Innovation by Design awards and included in CNBC’s World’s Top Fintech Companies rankings, according to Businesswire releases.
Businesswire coverage of earlier recognitions notes Zip’s rapid enterprise adoption and a $190 million Series D round announced in October 2024. Businesswire also reported that Zip processed more than $107 billion in spend during 2024 alone, a figure the company used to underscore accelerating adoption among large corporates.
Zip’s revenue model, as described by Forbes, combines multi‑year software subscriptions with payment processing fees and implementation services. The company has expanded its global footprint, saying it now employs over 700 people and has opened offices in San Francisco and Toronto, while establishing an Enterprise Transformation Office staffed by former Fortune 500 procurement executives.
Investors backing Zip include BOND, CRV, Y Combinator, Tiger Global and DST Global, supporting the company’s stated ambition to move procurement from a largely administrative function into a strategic lever for finance. “Zip’s AI eliminates the busy work but also goes much further, synthesizing insights and flagging opportunities that a CFO actually cares about,” Zaparde added. “We’re lifting procurement from back-office reporting into a strategic lever for finance, and we’re just getting started.”
As Zip scales its platform through product innovation and enterprise rollouts, the company’s claims about savings, processed spend and customer impact will remain central to how it is judged by clients and industry analysts. According to the various reports, a mix of analyst recognition, design awards and placement on lists such as Forbes’ Fintech 50 has helped elevate Zip’s profile within the enterprise fintech landscape.
Source: Noah Wire Services
