hotel-procurement
(2)
Folio
Folio is a B2B fintech and procure-to-pay platform built specifically for the hospitality industry, primarily hotels and their restaurants. Often described as the 'Amazon for hotels,' it unifies purchasing, invoice processing, supplier payments, inventory, and expense management into one system, using AI to automate invoice matching and surface savings. Founded in 2023 by two former Plaid colleagues and based in Durham, North Carolina, Folio raised a $14M Series A led by Thrive Capital and Construct Capital in July 2025 and powers hundreds of hotels.
Kate Adamson
Kate Adamson is the CEO and co-founder of Folio, a financial operations platform built for hotels. A former pre-professional ballet dancer who studied engineering at Princeton before switching to economics, she spent five years at Plaid scaling sales and product teams, where she once shipped a Paycheck Protection Program product from idea to market in about eight days. In 2023 she teamed up with Plaid's founding designer Al Hertz to build Folio, which turns the messy world of hotel purchasing, invoices, and payments into one procure-to-pay platform. Folio won the E20X Judge's Choice Award at HITEC 2024 and raised a $14M Series A led by Thrive Capital and Construct Capital in July 2025.