About Folio

Folio offers a business account that integrates accounting tools and automates expense tracking for contract workers and small enterprises, significantly reducing the time spent on bookkeeping tasks. By providing a transparent fee structure and seamless integration with existing accounting systems, Folio enhances financial oversight and simplifies financial management for its users.

```xml <problem> Contract workers and small businesses often struggle with time-consuming bookkeeping tasks due to fragmented accounting tools and manual expense tracking. This can lead to errors, missed deductions, and a lack of real-time financial oversight. </problem> <solution> Folio provides a business account that integrates accounting tools and automates expense tracking, significantly reducing the time spent on bookkeeping. The platform offers a user-friendly online banking experience with integrated accounting features, transparent pricing, and seamless integration with existing accounting systems. By automating receipt capture, categorization, and reconciliation, Folio streamlines financial management and enhances financial oversight for its users. The service also provides features such as push notifications for receipt reminders, real-time expense tracking, and automated data transfer to accounting systems. </solution> <features> - Business account with integrated accounting tools - Automated expense tracking and receipt capture - Push notifications for receipt reminders - Real-time expense categorization and reconciliation - Integration with Fiken and Tripletex accounting systems - Support for Apple Pay, Google Pay, and Vipps - Employee cards with customizable access - Accountant access for efficient workflow </features> <target_audience> Folio primarily targets contract workers, freelancers, and small businesses seeking to simplify their financial management and reduce bookkeeping overhead. </target_audience> <revenue_model> Folio offers tiered subscription plans: Mini at 89 kr/month, Standard at 159 kr/month, and Avansert at 359 kr/month, each providing increasing levels of features and integrations. </revenue_model> ```

What does Folio do?

When was Folio founded?

Folio was founded in 2017.

How much funding has Folio raised?

Folio has raised 4000000.

Founded

2017

Funding

4000000

Employees

26 employees

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Folio

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Executive Summary

folio.no 5K+

Crunchbase

Founded 2017

Funding

Estimated Funding

$3M+

Team (25+)

No team information available.

Company Description

Problem

Contract workers and small businesses often struggle with time-consuming bookkeeping tasks due to fragmented accounting tools and manual expense tracking. This can lead to errors, missed deductions, and a lack of real-time financial oversight.

Solution

Folio provides a business account that integrates accounting tools and automates expense tracking, significantly reducing the time spent on bookkeeping. The platform offers a user-friendly online banking experience with integrated accounting features, transparent pricing, and seamless integration with existing accounting systems. By automating receipt capture, categorization, and reconciliation, Folio streamlines financial management and enhances financial oversight for its users. The service also provides features such as push notifications for receipt reminders, real-time expense tracking, and automated data transfer to accounting systems.

Features

Business account with integrated accounting tools

Automated expense tracking and receipt capture

Push notifications for receipt reminders

Real-time expense categorization and reconciliation

Integration with Fiken and Tripletex accounting systems

Support for Apple Pay, Google Pay, and Vipps

Employee cards with customizable access

Accountant access for efficient workflow

Target Audience

Folio primarily targets contract workers, freelancers, and small businesses seeking to simplify their financial management and reduce bookkeeping overhead.

Revenue Model

Folio offers tiered subscription plans: Mini at 89 kr/month, Standard at 159 kr/month, and Avansert at 359 kr/month, each providing increasing levels of features and integrations.