F

Folio

Hospitality procure-to-pay platform with AI

Overview

Folio provides a financial operations platform tailored for the hospitality industry. It offers three main products: Folio Buy, a centralized marketplace that lets hotel operators order from approved vendors; Folio Bills, an AI-powered invoice processing system that automatically matches invoices, routes them for approvals, and handles the workflow; and Folio Pay, which speeds up supplier payments via virtual cards and ACH. The platform consolidates procure-to-pay tasks to boost profitability and financial visibility while reducing back-office work. Folio differentiates itself by (a) focusing specifically on hotels and hotel management companies, (b) using AI to automate invoice processing and routing, and (c) turning accounts payable from a cost center into a potential revenue driver through monthly rebates on eligible supplier payments. The company's goal is to help hoteliers improve cost control and financial insight while scaling adoption across the hospitality sector.

Significant Headcount Growth

Work here?Claim your company

About Folio

Simplify's Rating
Why Folio is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise SoftwareFintechAI & Machine LearningFinancial Services

Company Size

11-50

Company Stage

Series A

Total Funding

$14M

Headquarters

Durham, NC

Founded

2023

Get referred to Folio

See people who can refer or advise you

Simplify Jobs

Simplify's take

What believers are saying

  • AAHOA marketplace access on September 14, 2026 gives Folio immediate reach to member hotels.
  • Auto-Catalog and Brand Standards launched in August–September 2026 deepen switching costs inside hotel catalogs.
  • M3 integration on September 17, 2026 opens hundreds of properties to Folio’s AP workflow.

What critics are saying

  • Payments remain coming soon in September 2026 M3 integration, delaying full workflow ownership.
  • Folio’s AAHOA dependence concentrates distribution risk inside one association and Avendra-controlled pricing.
  • Competitors like AvidXchange, Corpay, and Reeco already occupy hospitality payments and procurement; wallet share turns quickly.

What makes Folio unique

  • Folio’s September 2026 AAHOA Marketplace launch embeds procurement into a free association channel.
  • Its September 2026 M3 integration unifies hotel purchasing, AP, inventory, and reconciliations.
  • June 2026 Folio Expense extends workflow control into cards, receipts, and petty cash.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$14M

Meets

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
$14M
$15M
$30M

Benefits

  • Remote Work Options

Growth & Insights and Company News

6 month growth

31%

1 year growth

31%

2 year growth

40%
United Capital Property Investments (Cyprus) Ltd
Nov 10th, 2026
Folio named one of PhocusWire's "Hot 25 Travel Startups" for 2027 amid rapid expansion, adoption and AI innovation.

Folio named one of PhocusWire's "Hot 25 Travel Startups" for 2027 amid rapid expansion, adoption and AI innovation. Posted November 10, 2026 Folio, a Durham-based hospitality finops platform founded in 2023, was named to PhocusWire's Hot 25 Travel Startups for 2027, with 1,000+ hotels and $1.5B in annual purchasing volume in its pipeline.

Hotel Pulse
Sep 21st, 2026
Folio’s M3 connection goes live for hotel finance teams.

Folio’s M3 connection goes live for hotel finance teams. Folio and M3 launched an upgraded procurement and accounts-payable integration for hotel operators on 17 September 2026, with payments still marked as coming soon. What Folio and M3 announced. Folio announced a deepened partnership and an upgraded integration with M3 as its newest associate partner on 17 September 2026, from a Durham, North Carolina dateline. LODGING Magazine carried the release the following day. The two companies launched the integration after a pilot programme, and it is open to mutual customers now. Folio supplies procurement and accounts-payable software to hotel operators. M3 supplies hotel accounting and financial management software. The integration connects procurement, invoice automation, inventory management and accounting in one workflow, in the release's description. What the integration moves. The connection syncs a company's chart of accounts, vendors, companies and properties from M3 and keeps them current. On-property teams order against that data. Accounting teams process invoices and count stock on hand. Approved invoices and asset balances post from Folio into M3 with the invoice images attached, and journal entries and ledger information synchronise in both directions for reconciliation. The release states that a hotel can be running in 24 hours once M3 provisions access and the property forwards its invoices to Folio. M3 states it powers more than 150,000 rooms, 9,000 properties and 1,000 owners across North America, with more than 25 years in hotel accounting. The coverage list, line by line. Folio's own integration page lists coverage by function. Bills, Suppliers, Journals, Properties and Codings are live. Payments is marked coming soon. M3 publishes three partner tiers on its partner page: Preferred, Allied and Associate. The page's Associate tab carries placeholder copy in the served HTML, so Folio's placement could not be read from that page. M3's authorised integration list does name AvidXchange, Corpay, Edenred, Inova, Reeco and SIB. What Folio puts on its own pages. Folio's product and solution pages carry the vendor's own outcome claims. The bills page reads up to 6 per cent saved on purchases, 10-plus hours saved per week, and 100 per cent of spend compliant by design. The operators page reads that invoice administration falls by up to 40 hours a week, and that a team can go live in days. Those figures are the vendor's published copy for its own platform. No independent measurement of the M3 integration's financial outcome was located. The release states the expected benefits as cost savings, less manual work, faster financial processes and better back-office visibility without quantifying them. What the release leaves open. The release states no financial terms for the partnership, no count of mutual customers and no implementation price for a hotel. The 24-hour setup window is a vendor figure. The payments leg is not shipped, so paying suppliers through the connector cannot be done yet. Folio announced a $14 million Series A in July 2025 and lists Buy, Bills, Pay, Inventory and Expense as its products, on its own site and press page. Its corporate address is 3600 North Duke St #1197, Durham, North Carolina 27704. The day-use read. Folio's coverage list decides which documents cross into M3. A property selling daytime or hourly inventory raises the same supplier invoices as the rest of the house: linens, amenities, pool and gym supplies. The coverage list sets what its finance team still codes by hand. Neither the release nor Folio's M3 page names a day-use product, an hourly rate plan or a daytime window. The connector carries purchase documents between two back-office systems, and the rate plan sits in the systems that hold it.

Folio
Sep 18th, 2026
Self-maintaining catalogs through Auto-Catalog.

Self-maintaining catalogs through Auto-Catalog. Sep 18, 2026. Today, Folio is pleased to announce Auto-Catalog capabilities, where your hosted catalogs can get auto-populated from invoices. The result? Hosted catalogs are more automatic and more self-maintaining for easier, more accurate re-ordering. The time savings are immense, so you can get back operating and managing, rather than the more tedious manual processes. For corporate teams, there's more managed, controlled spend, because there are more complete catalogs with the items properties actually buy. When Folio has shared this feature with procurement executives, its team has seen quite serious, otherwise composed professionals cover their mouths with their hands, incredulous with shock and glee. Folio has also seen quite the opposite reaction. Folio has seen them jump out of their chairs, across the table, with wide eyes and overwhelming excitement. "You can do WHAT!?" (It's true. Its sales team has seen it.) Let Folio explain how this typically works today, so you can appreciate why this is such a well-received enhancement. As you likely know, the majority of purchasing on Folio happens through a Lightning Automation, Folio's best-in-class supplier connections. Folio has about 50 of hospitality's largest suppliers supported. With its lightning automations, supplier catalogs sync automatically, reflecting the latest products, pricing, inventory levels. (For other procurement systems, these are called "punchout suppliers".) It's magic. However, for the majority of suppliers on Folio (by count), catalogs are not automatic. They are maintained through what's called a hosted catalog. That means, to import or change the visible catalogs for these suppliers, a human - either a supplier sales rep, a buyer, or an admin for a company - needs to add catalog items to their Folio, one by one. What does that mean, practically? To maintain many catalogs in Folio and most procurement systems, for a good chunk of suppliers, a person needs to upload catalog files, copy-and-paste URLs or products, and type type type in order to input product descriptions or prices. Rough! While Folio offers some AI-powered tools to make the process easier and faster in some cases, it still requires manual work. Still, really not great. Now, with Auto-Catalog, all that has changed. Behold: there's a new Catalog tab, found on your suppliers. Before items are shown here, Folio checks if a product in an invoice already matches a product in your catalog. If it does not, and the items are not yet in your catalog, those products show up as pending on this new page. Products here have three stages: pending, active, archived. You can quickly change their state from Pending to Active to add them to your catalog. Once active, they are searchable and usable for easier re-ordering later. While shopping, when there are pending items for your review, you'll see a link to be able to Add Products to your catalog. If you can't find the product you need, check out the list of pending products to easily keep your catalog fresh and complete.

Associated Press
Sep 14th, 2026
AAHOA launches Folio-powered marketplace with streamlined self-signup for hotel procurement

The Asian American Hotel Owners Association has launched a new procurement marketplace powered by Folio technology, offering members free access to simplified purchasing tools and negotiated savings through Avendra International. The platform features a centralised catalogue, unified cart, AI-powered auto-coding, and mobile optimisation. A key enhancement is the streamlined setup process, allowing new users to connect up to five suppliers and place their first order within minutes. The self-service model eliminates traditional implementation barriers whilst larger operations retain access to customised support. "Hotel owners, in particular, are incredibly busy," said Kate Adamson, Folio's chief executive officer. "Faster AAHOA Marketplace setups means owners can start shopping for their hotel in minutes." AAHOA members can now access the platform at AAHOAmarketplace.com, combining procurement technology with group purchasing power.

Folio
Sep 14th, 2026
It's official! The New AAHOA Marketplace is here.

It's official! The New AAHOA Marketplace is here. Sep 14, 2026. During AAHOACON in April, Folio announced that Folio was selected as the official technology partner of the AAHOA Marketplace. Since then, Folio has spent months working side by side with AAHOA and Avendra building a new purchasing experience around the needs of AAHOA members, from how they find savings to how they buy for their hotels. Today, I'm proud to share that the New AAHOA Marketplace, powered by Folio and Avendra has officially launched. And the best part is - it's completely free for AAHOA members! One piece of the puzzle I'm particularly excited about is the ability for AAHOA members to get started fast. Internally, Folio like to call it "speedy store setup" and the implications for owner operators are huge. Anyone in the hospitality industry knows that getting up and running with a new procurement or billing system is quite the headache. I've talked to countless hotel owners who have avoided any upgrades (even if they know they're important for the business) because the change management feels so daunting. Often these systems, Folio's enterprise product included, are built to handle the complexity of massive hotel operations. But for operators managing one or a few properties, the onboarding lift can be overkill - and the feature set? Just too much for what they need. Now, any AAHOA member can create an account on Folio (no onboarding call required) and automatically see a store pre-configured with Avendra-negotiated deals and standard spend categories (helpful with benchmarking!). It takes just a few minutes to get going. That means on day one you can place an order on Folio, knowing that you're taking advantage of all the benefits AAHOA has to offer. Want a walk through of Folio or to learn some best practices? Folio and the Avendra team are still available to help AAHOA members get up and running. For its enterprise partners, with more complex use cases, Folio'll continue its white glove implementation service. If you manage a portfolio, reach out and Folio'll walk you through Folio's scaled approach. If you're an AAHOA member, head to aahoamarketplace.com, enter your work email, and see how Folio and the New AAHOA Marketplace can make your life easier and your guest experience better. Let's do this!

Recently Posted Jobs

Sign up to get curated job recommendations

Folio is Hiring for 5 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs