Zip alternatives
Zip is an AI procurement platform for large companies. Every purchase request goes through it, from intake and approvals to supplier onboarding, contract and risk review, purchase orders, invoices and payment. Founded in 2020 by Rujul Zaparde, Lu Cheng and Felix Meng, Zip has raised US$371m, most recently at a US$2.2bn valuation, and its customers include T-Mobile, OpenAI, Mars, Dollar Tree and Anthropic.
Companies comparing it usually look at Coupa and Basware among the source-to-pay suites, and at Tipalti, BILL and Stampli when the main job is accounts payable.
What Zip does
Purchase intake and approvals, supplier onboarding, contract and third-party risk review, sourcing, purchase orders, invoice processing and global payments, with AI agents from intake to pay.
- Founders
- Rujul Zaparde (CEO), Lu Cheng (CTO) and Felix Meng, who co-founded Zip in 2020
- Funding
- US$371m, most recently at a US$2.2bn valuation; investors include Adams Street, Alkeon, BOND, CRV, DST, Tiger Global and Y Combinator
- Customers
- T-Mobile, OpenAI, Mars, Dollar Tree and Anthropic
- Payments
- Supported in 140+ countries
Alternatives in AP AR and Payments
47 other vendors in this category. Vendors with an Accountio profile are shown first; the rest of the directory follows.
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AP and AR automation with approvals, payments and accounting sync.
Founded 2006 · HQ San Jose, US
BILL profile →Enterprise spend management across procurement, invoicing and payments.
Founded 2006 · HQ Foster City, US
Coupa profile →Global payables with supplier onboarding, tax and mass payouts.
Founded 2010
Tipalti profile →AI agents running collections, cash application and disputes end to end.
Founded 2024 · HQ New York, US
Stuut profile →Supplier payments and collections auto-reconciled into Xero.
Founded 2023 · HQ London, UK
Mimo profile →AI-native receivables with automated collections and cash application.
Founded 2024 · HQ New York, US
Monk profile →AI agents automating accounts receivable for enterprise finance teams.
Founded 2024 · HQ San Francisco, US
Fazeshift profile →AI-prioritised collections, payments and reconciliation.
Founded 2020 · HQ London, UK
Kolleno profile →AI agents handling invoice chasing and reconciliation.
Founded 2025 · HQ London, UK
Paraglide AI profile →AP, AR, forecasting and banking in one cash flow view.
Founded 2022 · HQ Boston, US
Centime profile →More ap ar and payments vendors in the directory
How to choose
- Is the main problem paying suppliers, collecting from customers, or both?
- How many invoices and payments do you handle a month, and in how many currencies and countries?
- Does it sync both ways with your ERP or accounting software, including coding and approvals?
- What do you pay per transaction on top of the subscription?
Compare further
Common questions
What are the main alternatives to Zip?+
Coupa and Basware are the main source-to-pay alternatives for large companies. Tipalti, BILL and Stampli are the usual choices when the focus is accounts payable rather than procurement.
How much has Zip raised?+
Zip has raised US$371m, most recently at a US$2.2bn valuation, from investors including Adams Street, Alkeon, BOND, CRV, DST, Tiger Global and Y Combinator.
When was Zip founded?+
Rujul Zaparde, Lu Cheng and Felix Meng co-founded Zip in 2020.
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