Zip
Financials
Estimates*
USD | 2021 |
---|---|
Revenues | 44.8m |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$11.1m | Seed | ||
$26.8m | Series A | ||
* | $43.0m Valuation: $1.2b | Series B | |
* | $100m Valuation: $1.5b | Series C | |
Total Funding | €164m |
Recent News about Zip
EditZipHQ is a startup that provides a streamlined solution for businesses to manage their spend controls. Their platform is designed to simplify the process, making it more intuitive and user-friendly, thus encouraging employees to adopt the system. This results in increased visibility of spending for finance teams, helping to prevent cash leakage and mitigate vendor risk.
The company operates in the financial technology market, serving businesses of all sizes. Their clients range from finance and procurement teams who need better visibility and control over spending, to IT and legal teams who need to manage vendor relationships and contract approvals more efficiently.
ZipHQ's business model is based on providing a software solution that integrates with existing systems. They make money by charging a subscription fee for access to their platform. The platform offers features such as dynamic intake and approval workflows, which simplify compliance and help to prevent duplicate vendors and unnecessary risk exposure.
The company has received positive feedback from customers, who report that ZipHQ's platform has helped to automate their procurement processes and improve collaboration across different stakeholder groups.
In summary, ZipHQ is a financial technology startup that provides a user-friendly platform for businesses to manage their spend controls, helping to increase visibility, prevent cash leakage, and improve efficiency across various teams.
Keywords: Spend Controls, Financial Technology, Procurement, Vendor Management, Compliance, Subscription Model, Automation, Workflow Management, Risk Mitigation, Collaboration.