Folio, a Durham, NC-based a supplier of a monetary operations platform for hospitality, raised $14M in Sequence A funding.
The spherical was led by Thrive Capital and Assemble Capital, with participation from Redseed VC and SciFi VC.
The corporate intends to make use of the funds to energy profitability at accommodations and ship even sooner implementations.
Led by CEO Kate Adamson, Folio is a supplier of a monetary operations platform that helps properties flip back-office complexity into aggressive benefit with a contemporary, all-in-one procure-to-pay resolution which incorporates:
- Purchase: a centralized, managed market.
- Payments: AI-driven bill processing.
- Pay: streamlined funds through digital card and ACH.
FinSMEs
18/07/2025
