Zip Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2025

SAN FRANCISCO--(BUSINESS WIRE)--Zip is proud to have been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2025, earning recognition specifically within the broader Finance category. This year’s list shines a spotlight on businesses that are shaping industry and culture through their innovations to set new standards and achieve remarkable milestones in all sectors of the economy.

“Our list of the Most Innovative Companies offers both a comprehensive look at innovation today and a playbook for the future,” said Fast Company editor-in-chief Brendan Vaughan.

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“This recognition by Fast Company affirms what we’ve always believed: that insanely great design can transform even the most complex enterprise workflows. We’re not just improving procurement, we’re completely reimagining it,” said Rujul Zaparde, Co-founder and CEO of Zip. “While others have accepted the status quo of clunky enterprise software, we asked why business purchasing can’t be as intuitive as the consumer experiences we love.”

In the past 18 months, Zip has revolutionized enterprise procurement through a relentless focus on user experience and thoughtful design. The AI-powered platform combines extraordinary technical capability with an elegance that belies the complexity beneath. Where traditional procurement systems forced users to adapt to the software, Zip adapts to how people naturally work – eliminating friction and creating an experience that teams genuinely enjoy.

The results speak for themselves: $107 billion in spend processed through a platform so intuitive that it has achieved unprecedented adoption rates across enterprises like OpenAI, Reddit, and Northwestern Mutual. The company's $190 million Series D funding – the largest in procurement technology in two decades – validates Zip’s vision that enterprise software should inspire the same passion and loyalty as the best consumer products. By bringing together world-class designers from companies like Airbnb, Nike, and Google, and former procurement leaders from companies like Apple, NASA, and Discover, Zip has created something that employees at large organizations didn’t know was possible: a procurement platform they actually love using.

This Fast Company recognition builds on Zip’s growing collection of industry accolades, including the 2025 Forbes Fintech 50, Fast Company’s Next Big Things in Tech, Inc.’s Best in Business Awards, Forbes’ Best Startup Employers in America (ranking #90 out of 500), and a leadership position in the IDC MarketScape for Worldwide SaaS and Cloud-Enabled Spend Orchestration (doc #US51795424e, September 2024).

The World’s Most Innovative Companies stands as Fast Company’s hallmark franchise and one of its most anticipated editorial efforts of the year. To determine honorees, Fast Company’s editors and writers review companies driving progress around the world and across industries, evaluating thousands of submissions through a competitive application process. The result is a globe-spanning guide to innovation today, from early-stage startups to some of the most valuable companies in the world.

“Our list of the Most Innovative Companies offers both a comprehensive look at innovation today and a playbook for the future,” said Fast Company editor-in-chief Brendan Vaughan. “This year, we recognize companies that are harnessing AI in deep and meaningful ways, brands that are turning customers into superfans by overdelivering for them, and challengers that are introducing bold ideas and vital competition to their industries. At a time when the world is rapidly shifting, these companies are charting the way forward.”

The full list of Fast Company’s Most Innovative Companies honorees can now be found at fastcompany.com. It will also be available on newsstands beginning March 25.

Fast Company will host the Most Innovative Companies Summit and Gala for honorees on June 5. The summit features a day of inspiring content, followed by a creative black-tie gala including networking, a seated dinner, and an honoree presentation.

Discover why leaders across every industry are choosing Zip’s procurement orchestration platform at https://www.ziphq.com/customers.

ABOUT ZIP

Zip is the world’s leading procurement orchestration platform, empowering businesses to accelerate the procurement process, mitigate risk, and drive growth by offering a single front door to unify the teams, tasks, and tools involved in working with suppliers. With Zip, businesses can maximize employee adoption of purchasing policies and increase spend visibility and control. As the leading solution for optimizing business spend, Zip’s AI-powered platform is trusted by hundreds of leading enterprises worldwide, including AMD, Anthropic, Arm, Canva, Coinbase, Discover, Dollar Tree, HP, Instacart, Lyft, Northwestern Mutual, Pinterest, Prudential, Reddit, Sephora, Snowflake, Sprouts Farmers Market, and Toast to maximize the ROI of every dollar. To learn more, visit ziphq.com.

ABOUT FAST COMPANY

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com.