Folio raises $3M from Sparebanken Vest

Norway Investments 23 June 2018
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Folio, an Oslo, Norway-based company developing a software as a service solution for financial planning, announced in a press release securing NOK 25M ($3M) in capital investment from Sparebanken Vest.

Folio, founded in 2017 and led by CEO Dag Olav Norem, develops solutions for the SME market interested in a digital tool for payment, bookkeeping, liquidity management, or payroll. The company has ten employees and is owned by the three founders - CEO Dag Olav Norem (52.2%), CTO Wilhelm Joys Andersen (27.9%), Rune Brunborg (7.0%)