Folio is a financial operations platform founded in 2023, purpose-built for the hospitality industry. The company provides a procure-to-pay system that integrates hotels, their suppliers, and core finance systems. Its product suite includes modules for ordering, payments, inventory management, and corporate expenses. A key component is its AI-powered invoice processing tool, which the company states can save teams up to 40 hours weekly.
The platform serves hundreds of hotel customers, aiming to deliver double-digit percentage cost savings. The company's technical work spans financial technology, AI-powered invoice processing, procure-to-pay systems, and ERP integration. The founding team's background combines experience in fintech with direct knowledge of the hospitality sector.
