Zip and Brex on Mission to Unite Payments and Procurement

Finance platform Brex and procurement orchestration leader Zip has announced Brex for Zip, a new solution which will seamlessly integrate Brex's global card capabilities directly into Zip's procurement workflow.

The partnership is set to deliver end-to-end spend orchestration that eliminates the traditional disconnect between procurement requests and payment execution, allowing enterprises to accelerate purchasing, prevent unauthorised spend and gain complete visibility across their procurement and spend lifecycle.

Tackling business challenges

Businesses are operating amid economic uncertainty and require up-to-date tools to control costs – particularly relating to high volume, one-off purchases which provide challenges in regards to tracking.

At most organisations, procurement and payment still work in silos, with distinct teams using different systems. This creates unnecessary friction, such as setting up a new vendor for a single payment, as well as limited controls and heavyweight tools which break down at scale.

These gaps have a tendency to compound quickly, creating blind spots which lead to unexpected costs and missed savings while raising the risk of non-compliance.

Eliminating friction

Brex for Zip solves these aforementioned challenges by embedding Brex virtual cards into Zip.

Users are handed the ability to make secure vendor payments at every stage of the procurement process – from the initial request to purchase order to invoice payment – while keeping rigorous control, complete traceability and reconciliation throughout the entire procurement lifecycle.

Rujul Zaparde, Co-Founder and CEO of Zip, says: "At Zip, we are committed to pushing the boundaries of what is possible with procurement technology so that we can empower finance and procurement leaders to mitigate risk, drive growth and increase control over spend – at a time when doing so has never been more critical.

"Whether you're a high-growth startup or one of the world's largest companies, Brex for Zip delivers a truly unified experience that brings Brex's powerful global card capabilities directly into Zip's powerful procurement workflows to help businesses of all sizes navigate today's economic challenges with enhanced efficiency and control."

Brex and Zip already serve more than 30,000 of the world's most forward-thinking companies, including Anthropic, BetterUp, Carta, Coinbase, eToro, Neuralink, Gong, Wiz, Zapier and more.

Adam Dix, Head of Financial Operations at Anthropic, says: "As a longtime customer of both Brex and Zip, we've experienced first-hand how each platform has transformed our financial operations and procurement processes respectively.

"The integration of these two best-in-class solutions is exactly what we've been waiting for. Bringing together Brex's powerful global card capabilities with Zip's intuitive procurement workflows will eliminate the manual reconciliation work that currently consumes hours of our team's time each week. We're excited to be among the first to implement this game-changing solution."

Key advantages for customers

Brex for Zip gives enterprises the ability to: 

• Streamline procurement and payment workflows: Issue Brex virtual cards directly within Zip across intake, PO and invoices for faster, one-time payments with automated reconciliation. Eliminate unnecessary vendor onboarding for ad-hoc purchases and reduce procurement cycles by cutting out manual payment processes.
  
• Prevent unauthorised spend before it happens: Assign unique Brex virtual cards to each request with transaction-level limits, all while enforcing compliance through Zip's procurement controls. Real-time visibility eliminates the risk of duplicate payments, fraud or policy violations – going far beyond basic card-level controls offered by traditional spend management solutions.
  
• Simplify global operations with a single card programme: Make payments in over 30+ currencies and time-consuming intercompany transfers. This enterprise-grade global capability scales Zip's global payments product, enabling multinational enterprises to standardise complex procurement and payment processes worldwide.​​​​​​​
  
• Maximise working capital from procurement spend: Transition vendor payments from ACH to Brex global cards within Zip to gain greater flexibility over payment timing while earning valuable rewards on everyday procurement spend and save on FX fees.

Pedro Franceschi, CEO of Brex, adds: "At Brex, our goal is to empower businesses to spend smarter and move faster. Brex for Zip represents a significant leap forward in achieving that goal by creating a truly unified ecosystem and removing barriers for both finance and procurement leaders—helping them stay more connected than ever.

"By directly integrating Brex's global card into Zip's procurement platform, we're eliminating the friction of outdated systems and giving businesses the visibility, control and speed they need."

Brex for Zip is built on Brex Embedded, an API-driven payments solution that enables B2B software vendors to integrate Brex virtual cards directly into their platforms. The integration allows joint customers to make fast, secure global payments in virtually any currency while automating reconciliation and maintaining robust controls.

Dalton Caldwell, Managing Partner at Y Combinator, says: "We're proud to see two top Y Combinator companies come together to raise the bar for enterprise finance.

"At YC, we use both Brex and Zip, and have seen first hand how they dramatically streamline financial operations and procurement. This integration represents the kind of innovation we encourage at YC — solving real problems for customers."

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