What Folio does

Folio AS is a Norwegian fintech founded in 2018 in Oslo that operates a digital business banking platform targeting small businesses, freelancers, and sole proprietorships (ENK and AS entities). The platform is delivered in partnership with Sparebanken Norge, Norway's largest savings bank, which provides the licensed core banking infrastructure on which Folio is built and which is also a co-owner; Fiken, the leading Norwegian cloud accounting software, is a co-owner as well following a 2022 investment. Folio offers three subscription tiers — Mini at 89 kr/month for ENKs and holding companies, Standard at 159 kr/month for typical SMBs, and Avansert at 359 kr/month for larger needs — bundling a Visa Business debit card, business current account, multi-user card management, and pre-built integrations with 12+ Norwegian accounting systems including Fiken, Tripletex, Visma eAccounting, PowerOffice Go, Finago, Unimicro, and others.

The product surface centers on real-time expense capture: each card transaction triggers a push notification prompting the user to photograph the receipt and select a spending category, with the resulting transaction automatically categorized and exported to the connected accounting system. The free Stiftemaskinen tool automates AS company formation (document drafting, Brønnøysundregistrene submission, immediate account opening), acting as the primary customer acquisition funnel — Folio reports that 1 in 4 newly registered Norwegian AS companies are Folio customers. Additional products include a savings account matching Norges Bank's policy rate (4.25% on deposits up to 2 million NOK), a marketplace connecting customers to vetted accountants, a dedicated accountant portal for managing multiple clients, a public developer API, and mobile payment support via Apple Pay, Google Pay, and Vipps.

Folio operates with a self-serve, product-led growth motion: customers sign up online using BankID, with no field sales or physical branches. Revenue is generated primarily through recurring monthly subscriptions, supplemented by payment processing fees (e.g., 2 kr per KID/OCR invoice, 18 øre per BankAxept sale, 35-75 kr on international payments), a 2% FX margin on foreign-currency card transactions, and net interest income on customer deposits held at Sparebanken Norge. Folio has over 27,000 business customers and ranked #1 in the 2025 EPSI Rating bank survey for Norwegian business banking customer satisfaction with a score of 75.1/100, ahead of Handelsbanken, Nordea, Sparebank 1, and DNB. The company employs 11-50 people and has raised approximately 62 million NOK in disclosed funding (12 million NOK seed in 2021 and 50 million NOK from Fiken in 2022).

Name

Folio

Legal name

Folio AS

Website

https://folio.no

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Folio is a Norwegian fintech that provides subscription-based business banking accounts, Visa debit cards, and accounting-system integrations for SMBs, freelancers, and AS companies, built on Sparebanken Norge's banking infrastructure with Fiken as a co-owner and integration partner.

Ownership category

akta.pro rank

Product category

Small Business Banking Platform

NAICS

Depository Credit Intermediation (5221)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate Cards & Expense Solutions (T&E, purchasing, fleet) (FSABAIAG)

akta.pro secondary industry

Expense Tracking & Financial Dashboards (FSAGADAB)

Keywords

• Business banking platform
• Company formation services
• Corporate expense management
• Business debit cards
• Accounting system integration

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Monthly Subscription (Business Account): Folio charges a fixed monthly subscription fee for business accounts, with three tiers: Mini at 89 kr/month, Standard at 159 kr/month, and Avansert at 359 kr/month. The subscription includes a Visa Business debit card, bank account, receipt management, and integrations with accounting software. Additional cards for colleagues cost 89 kr/month each (only if used). The model is recurring and predictable with no hidden fees.
2. Payment Processing Fees: Fees are charged for specific payment activities: 2 kr per payment via integrations (Tripletex, PowerOffice Go, Finago, Unimicro, Visma.net AutoPay); 2 kr per received KID/OCR payment; 18 øre per BankAxept transaction; 35 kr for SEK/EUR international payments; 75 kr for other currency international payments; 20 kr for SEPA receipts; 50/100 kr for foreign receipts under/over 2,000 NOK.
3. Currency Exchange Margin: A 2% markup is applied on foreign currency transactions, generating revenue on cross-border card purchases.
4. Interest Income: Folio earns interest income on customer deposits held at Sparebanken Norge. An overdraft interest rate of 21% per year applies to customers who overdraw their account or card.
5. Company Formation (Stiftemaskinen): The company formation tool (Stiftemaskinen) is provided free of charge as a customer acquisition channel. Revenue is generated indirectly through the resulting business account subscription relationship rather than directly from the formation service itself.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Folio is a Norwegian fintech that provides a digital business banking platform consisting of a business current account (Bedriftskonto), a smart Visa Business debit card with real-time expense capture (Bedriftskort), and integrated accounting tools that auto-categorize transactions and export data to accounting software. The platform also offers free AS company formation via the Stiftemaskinen tool and a savings account with policy-rate-matching interest. Banking services are delivered on top of Sparebanken Norge's licensed banking infrastructure.

Product overview

Folio is a comprehensive business banking platform built on top of Sparebanken Norge's banking infrastructure. The core offering consists of a business current account (Bedriftskonto) paired with a smart Visa debit business card (Bedriftskort) and integrated accounting tools (Integrert regnskapsverktøy) that auto-categorize transactions and export data to accounting software. Stiftemaskinen enables free online AS company formation. The platform is offered through three subscription tiers — Mini (89 kr/month), Standard (159 kr/month), and Avansert (359 kr/month) — with escalating features. Additional services include a savings account (Sparekonto) with competitive interest rates, a marketplace to find accountants (Finn regnskapsfører), a dedicated accountant portal (Folio for Regnskapsførere), and a public API for third-party integrations. All subscriptions include native integrations with major Norwegian accounting systems including Fiken, Tripletex, PowerOffice Go, Visma, Unimicro, and others, plus mobile payment support via Apple Pay, Google Pay, and Vipps.

Differentiator

Problem solved

Functional benefit

Brands

• Stiftemaskinen: A free service for incorporating AS (Norwegian limited companies) directly through Folio, allowing businesses to establish companies and open accounts in one place.

Products and services

• Stiftemaskinen (Company Formation Tool) A free online tool for incorporating Norwegian limited companies (AS) and holding companies. Guides users through the company formation process, auto-generates formation documents, and submits applications to Brønnøysundregistrene. Users need 30,000 NOK in share capital, BankID, and pay a 6,825 NOK registration fee to Brønnøysundregistrene.
• Bedriftskonto (Business Account) A business current account integrated with accounting tools and a smart business card. Built on top of Sparebanken Norge's banking systems, offering fee-free account management, real-time expense tracking, receipt management, and seamless data export to accounting software. Includes push notifications for payments and reminders.
• Bedriftskort (Business Card) A Visa debit business card paired with a mobile app. When the card is used, the user receives a push notification, uploads a receipt photo, and selects a spending category — the transaction is then automatically booked with the correct accounting code, eliminating manual receipt management.
• Integrert regnskapsverktøy (Integrated Accounting Tools) Built-in accounting tools within the business account and card. Automatically categorizes transactions and receipts, sends financial data to connected accounting systems or accountants, and reduces manual bookkeeping work by up to 80%. Includes a dedicated accountant access portal.
• Sparekonto (Savings Account) A business savings account offering a 4.25% interest rate (matching Norges Bank's policy rate) on deposits up to 2 million NOK, and 3.5% on amounts above 2 million NOK. Rate guarantee ensures deposits up to 2M always match the central bank rate.
• Folio for Regnskapsførere (Accountants Portal) A dedicated portal and set of tools for professional accountants managing multiple Folio business clients. Features single sign-in for managing multiple customers, streamlined document and transaction flows, and a demo/test environment available on request.
• Folio API A public-facing developer API allowing third parties to connect their own tools and applications to Folio's banking and accounting platform. Enables custom integrations and automations with Folio's business account, card, and transaction data.
• Finn regnskapsfører (Find an Accountant) A marketplace connecting Folio customers with vetted accounting firms across Norway. Filters by industry (e.g., tech, startup, hospitality) and accounting software (Fiken, Tripletex, PowerOffice, Siffer, etc.).

Quantifiable outcome

• Up to 80% reduction in remaining accounting work for businesses using Folio
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• Sparebanken Norge (Sparebanken Vest)coreTechnology or IntegrationSparebanken Norge (formerly Sparebanken Vest) is the licensed bank that underpins all of Folio's banking services. Folio is built on top of Sparebanken Norge's banking systems, and all customer deposits are held at Sparebanken Norge. Sparebanken Norge is Norway's largest savings bank and a member of the Bankenes Sikringsfond (Norwegian Banks' Guarantee Fund). Sparebanken Norge is also a co-owner of Folio. Customers become customers of Sparebanken Norge when they sign up with Folio, but the relationship is serviced by Folio.
• FikencoreStrategic or Co-development PartnerFiken is the leading Norwegian cloud accounting software for small businesses. Fiken became a co-owner of Folio in spring 2022, alongside Sparebanken Norge and Folio's founders/employees. The two companies share a vision of simplifying accounting for small businesses and have built a deep 'Superføring' (super booking) integration where Folio transactions are automatically categorized and sent to Fiken in real time. Fiken is Folio's most recommended accounting integration.
• Fiken (accounting integration)coreTechnology or IntegrationDeep integration with Fiken enables real-time sending of receipts, bank statements, and categorized transactions directly into Fiken's bookkeeping system. Payment directly from Fiken is also supported. Included in all Folio subscription tiers.
• Tripletex (accounting integration)coreTechnology or IntegrationIntegration with Tripletex enables receipt transfer and payment directly from Tripletex. Included in all Folio subscription tiers. Advanced AutoPay requires Avansert subscription.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sbanken: Norwegian digital challenger bank offering personal and business accounts with modern UX; now owned by DNB. Highly comparable to Folio as a Norwegian digital bank targeting similar customers, though with broader personal-banking focus.
• Bulder Bank: Digital bank launched by Sparebank 1 Sør-Norge serving Norwegian retail and business customers online. Comparable to Folio as a Norwegian digital-first bank competing for the same SMB and consumer segments.
• Qonto: European SMB and freelancer business banking platform (France-headquartered, multi-country). Closest international analogue to Folio's product offering: business accounts, corporate cards with expense management, and accounting integrations for SMBs and freelancers.
• Pleo: European SMB spend-management platform offering company cards with automatic expense categorization and accounting integrations. Comparable to Folio's smart-card-plus-accounting-integration wedge, though Pleo is card-first rather than full-banking.
• Tide: UK SMB digital business banking platform built on top of a partner bank's license. Closely comparable to Folio's operating model (partner-bank-licensed, app-first, SMB-focused, accounting integrations).
• Kontist: German freelancer and self-employed business banking platform with integrated tax and accounting tools. Comparable to Folio's freelancer/ENK-target positioning and integrated accounting stack.
• Holvi: European SMB and freelancer business banking platform (now part of Qonto). Closely comparable to Folio's self-employed/SMB focus, app-led business accounts, and accounting integrations.

Broad incumbents

• Starling Bank: UK digital challenger bank with a significant business banking offering for SMBs. Broader incumbent in the European digital business banking space, with wider product suite (lending, payments) than Folio.
• Revolut Business: Global fintech's SMB business banking tier, offering multi-currency accounts, cards, expense tools, and integrations. Comparable to Folio's card-and-business-account proposition but at much broader geographic and product scale.

Others

• Wise Business: Cross-border payments-focused fintech with a business account tier for SMBs. Compares to Folio's business account/card proposition, but differentiates via international payments strength rather than accounting-system integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/folio-norge
• Instagraminstagram.com/folionorge
• Xx.com/folio

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Folio