Folio

The company provides a modern, all-in-one procure-to-pay solution aimed at increasing profitability and financial visibility for hotel operators. Folio's platform is comprised of three main products: Folio Buy, a centralized managed marketplace for ordering from approved vendors; Folio Bills, an AI-powered invoice processing system that automates matching, routing, and approvals; and Folio Pay, which facilitates streamlined payments to suppliers via virtual card and ACH. The business model focuses on turning accounts payable from a cost center into a potential revenue driver by offering monthly rebates on eligible supplier payments made through the platform. Folio serves hotel management companies, including major clients like HHM Hotels, and since its public debut at the HITEC 2024 conference, it has expanded to power purchasing for hundreds of hotels.

Folio secured $14 million in a Series A funding round in July 2025, led by Thrive Capital and Construct Capital, with participation from Redseed VC and SciFi VC. This capital is intended to enhance the platform's capabilities and accelerate its deployment across the hospitality sector. The company gained early recognition by winning the E20X Judge's Choice Award at the HITEC 2024 conference, recognizing it as a top new startup.