I use one called Apps Organizer. Works great. Pulls up apps list and let's you assign one or more "labels" to the app. On Personalize you select shortcuts, then select the categories or labels you've assigned to go onto the Home screen(s). When you select that, you get a pop-up with the apps.
I think it's actually better than "folders" because the app can have more than one label/category so it can be in multiple "pseudo-folders" on multiple home screens. A bit redundant perhaps, but sometimes you might want to show something as a tool AND a utility, for example and have it in more than one place for quick access.