Folio is a financial operations platform founded in 2023, built specifically for the hospitality industry. The company connects hotels, their suppliers, and existing finance systems through a unified procure-to-pay platform. Its technology spans financial technology, artificial intelligence, and enterprise software.
The platform comprises several products: Buy for ordering from approved vendors, Bills for AI-powered invoice processing - which the company states saves teams up to 40 hours weekly - Pay for secure supplier payments with rebates, Inventory for counting and ERP syncing, and Expense for corporate cards with spending controls. Folio currently serves hundreds of hotels.
The team describes itself as combining deep fintech expertise with genuine hospitality knowledge, positioning itself as financial technologists with a focus on the hotel sector. The company operates on the premise that effective financial operations enable hospitality businesses to thrive.
