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 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.
Cofactr is a New York-based software and logistics company that automates electronics procurement and supply chain operations for hardware manufacturers. Its cloud platform takes a team from bill of materials (BOM) to build by combining AI agents with ITAR-registered warehouses to handle sourcing, ordering, traceability, storage, kitting, and delivery. Cofactr is built for high-compliance, fast-moving industries such as aerospace, defense, robotics, and medical devices.
Order.co is a New York-based AI-powered spend efficiency platform that consolidates business purchasing, approvals, payments, and reporting into one system. Founded in 2016 as Negotiatus and rebranded to Order in 2022, it helps mid-market and enterprise companies cut costs through AI-driven sourcing, a 17,000+ vendor network, and accounts payable automation, overseeing more than half a billion dollars in annualized spend for customers like WeWork, SoulCycle, and Hugo Boss.
Ofer Feldman is the Co-Founder and CTO of Stampli, a Mountain View-based AI-powered accounts payable automation company he co-founded with his brother Eyal Feldman in 2015. A computer engineer by training from Technion - Israel Institute of Technology, Ofer spent over a decade building software across defense, enterprise, and healthcare sectors before channeling that depth into Stampli. Under his technical leadership, Stampli has grown to process over $100 billion in invoices annually for 1,600+ businesses, raised $145.7 million in total funding including a $61M Series D led by Blackstone in 2023, and pioneered Cognitive AI that brings human-level PO matching to finance teams worldwide.
Stampli is an AI-powered accounts payable and procure-to-pay platform that centers all invoice communication, approvals, and payments around the invoice itself. Founded in 2015 by brothers Eyal and Ofer Feldman, the Mountain View company is best known for Billy the Bot, an AI agent trained on more than $150B in annual spend that codes invoices, matches POs, and flags duplicates across 70+ ERPs.
Zip is the AI platform for enterprise procurement, pioneering the intake-to-procure category and connecting the fragmented world of corporate spending into one orchestrated system. Founded in 2020 by Rujul Zaparde, Lu Cheng, and Felix Meng, Zip has processed over $500 billion in spend across 7.4 million suppliers, saved enterprise customers $6.8 billion, and raised $371 million at a $2.2 billion valuation - including the largest procurement tech investment in over two decades. With 50+ purpose-built AI agents, Zip is turning one of the most paper-heavy, approval-laden corners of corporate life into a fast, intelligent, and auditable process.
Eyal Feldman is the co-founder and CEO of Stampli, the Mountain View-based AI-powered accounts payable automation platform that processes over $100 billion in annual invoices for 1,700+ enterprises. A former SAP implementation specialist turned fintech founder, Feldman built Stampli around a simple belief: that AP should be a collaborative process, not a bureaucratic bottleneck. Under his leadership, Stampli has raised $145.7M in total funding, earned the #10 Best CEO of 2024 recognition from Comparably, and become a G2 Leader in 9 categories for AP automation software.