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Tagged: rebate-management
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Company
Legend
Fintech · Saas · Ai
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.
procure-to-pay · hospitalityRead →
Founder · Executive · Operator
Andrew Butt
Andrew Butt is the co-founder and CEO of Enable, the San Francisco-based B2B rebate management platform that reached unicorn status in 2023 with a $1.12 billion valuation after raising $120 million in Series D funding. A UK-born entrepreneur who left school at 15 and became the youngest qualified helicopter pilot in his region at 17, Butt built his first software business from a flying school in Coventry and has spent over two decades turning overlooked operational problems in distribution and manufacturing into category-defining software companies. Enable now serves over 10,000 brands across 50+ industries and has raised more than $275 million total, with Butt positioning it as the system of record for all B2B rebate and trading agreements between manufacturers, distributors, and retailers.
rebate-management · b2b-saasRead →