Full-Time
Hospitality procure-to-pay platform with AI
No salary listed
San Francisco, CA, USA
Remote
Remote work is allowed but employees travel quarterly for in-person collaboration; on-site presence not required every week.
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.
Company Size
11-50
Company Stage
Series A
Total Funding
$14M
Headquarters
Durham, North Carolina
Founded
2023
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Australia's Community Broker Network (CBN), supported by ASX-listed Steadfast Group, has expanded into New Zealand by acquiring the local insurance broking network of Folio, an NZ-based insurance technology provider. Folio will retain its software platform, while CBN will manage the broking operations under the name CBN NZ.
* North Carolina based Folio, a hospitality-focused financial operations platform, announced a $14 million Series A, led by Thrive Capital and Construct Capital, with participation from Redseed VC and SciFi VC.
Folio, the financial operations platform built for hospitality, announced a $14 million Series A today, led by Thrive Capital and Construct Capital, with par...
Folio secures $14M to streamline hotel financial operations with AI.