Folio is a modern procure-to-pay platform for hotels that combines a managed marketplace (Folio Buy), AI-powered invoice processing (Folio Bills), and streamlined payments (Folio Pay). The company emphasizes rapid implementations and AI-driven workflows to save teams time and money. The recent Series A will help Folio continue to power profitability at hotels and deliver even faster implementations. Since its public debut at HITEC 2024, where it won the E20X Judge’s Choice Award, Folio has expanded quickly and now powers purchasing across hundreds of hotels. It is on track to handle nearly half a billion dollars in annual purchasing volume. The founding team brings experience in financial technology, e-commerce, hospitality, and applied AI; Kate Adamson is CEO and Co-Founder.

Total raised

$14M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2025