diff --git a/lib/README.md b/lib/README.md
index e540d16..b2ac9f1 100644
--- a/lib/README.md
+++ b/lib/README.md
@@ -359,15 +359,27 @@ docs:
     - name: fold
       since: unreleased
       desc: |
-        Folds an array into a promise or a value. The array is traversed sequentially and
+        Folds an array of values or promises into a single value. The array is traversed sequentially.
 
-        The reducer function can return a promise or directly a value. It always received the last resolved value.
+        The reducer function can return a promise or value directly. Each iteration receives the resolved value from the previous, and the first receives your defined initial value.
 
         The folding will stop at the first rejection encountered.
+        ```lua
+        local basket = {"blueberry", "melon", "pear", "melon"}
+        Promise.fold(basket, function(accumulatedCost, fruit)
+          if fruit == "blueberry" then
+            return cost -- blueberries are free!
+          else
+            -- call a function that returns a promise with the fruit price
+            return fetchPrice(fruit):andThen(function(fruitCost)
+              return cost + fruitCost
+            end)
+          end
+        end, 0)
         ```
       params:
         - name: list
-          type: "array<T>"
+          type: "array<T | Promise<T>>"
         - name: reducer
           desc: The function to call with the accumulated value, the current element from the array and its index.
           type:
@@ -376,7 +388,7 @@ docs:
             returns: U | Promise<U>
         - name: initialValue
           type: "U"
-      returns: U | Promise<U>
+      returns: Promise<U>
       static: true
 
     - name: each
diff --git a/lib/init.lua b/lib/init.lua
index 3b9c87b..e5a77ad 100644
--- a/lib/init.lua
+++ b/lib/init.lua
@@ -443,18 +443,16 @@ function Promise.fold(list, callback, initialValue)
 	assert(type(list) == "table", "Bad argument #1 to Promise.fold: must be a table")
 	assert(type(callback) == "function", "Bad argument #2 to Promise.fold: must be a function")
 
-	local previousValue = initialValue
-	for i = 1, #list do
-		local element = list[i]
-		if Promise.is(previousValue) then
-			previousValue = previousValue:andThen(function(previousValueResolved)
-				return callback(previousValueResolved, element, i)
+	local accumulator = initialValue
+	return Promise.each(list, function(resolvedElement, i)
+		if Promise.is(accumulator) then
+			accumulator = accumulator:andThen(function(previousValueResolved)
+				return callback(previousValueResolved, resolvedElement, i)
 			end)
 		else
-			previousValue = callback(previousValue, element, i)
+			accumulator = callback(accumulator, resolvedElement, i)
 		end
-	end
-	return previousValue
+	end):andThenReturn(accumulator)
 end
 
 function Promise.some(promises, amount)
diff --git a/lib/init.spec.lua b/lib/init.spec.lua
index f4ea3bf..1bfc996 100644
--- a/lib/init.spec.lua
+++ b/lib/init.spec.lua
@@ -812,30 +812,37 @@ return function()
 	end)
 
 	describe("Promise.fold", function()
-		it("should return the initial value when the list is empty", function()
+		it("should return the initial value in a promise when the list is empty", function()
 			local initialValue = {}
 			local result = Promise.fold({}, function()
 				error("should not be called")
 			end, initialValue)
-			expect(result).to.equal(initialValue)
+
+			expect(Promise.is(result)).to.equal(true)
+			expect(result:getStatus()).to.equal(Promise.Status.Resolved)
+			expect(result:expect()).to.equal(initialValue)
 		end)
 
-		it("should fold the list if the reducer never returns promises", function()
-			local sum = Promise.fold({1, 2, 3}, function(sum, element)
+		it("should accept promises in the list", function()
+			local sum = Promise.fold({Promise.resolve(1), 2, 3}, function(sum, element)
 				return sum + element
 			end, 0)
-			expect(sum).to.equal(6)
+			expect(Promise.is(sum)).to.equal(true)
+			expect(sum:getStatus()).to.equal(Promise.Status.Resolved)
+			expect(sum:expect()).to.equal(6)
 		end)
 
-		it("should fold the list into a promise if the reducer returns at least a promise", function()
+		it("should always return a promise even if the list or reducer don't use them", function()
 			local sum = Promise.fold({1, 2, 3}, function(sum, element, index)
 				if index == 2 then
-					return Promise.resolve(sum + element)
+					return Promise.delay(1):andThenReturn(sum + element)
 				else
 					return sum + element
 				end
 			end, 0)
 			expect(Promise.is(sum)).to.equal(true)
+			expect(sum:getStatus()).to.equal(Promise.Status.Started)
+			advanceTime(2)
 			expect(sum:getStatus()).to.equal(Promise.Status.Resolved)
 			expect(sum:expect()).to.equal(6)
 		end)
@@ -854,6 +861,24 @@ return function()
 			expect(status).to.equal(Promise.Status.Rejected)
 			expect(rejection).to.equal(errorMessage)
 		end)
+
+		it("should return the first canceled promise", function()
+			local secondPromise
+			local sum = Promise.fold({1, 2, 3}, function(sum, element, index)
+				if index == 1 then
+					return sum + element
+				elseif index == 2 then
+					secondPromise = Promise.delay(1):andThenReturn(sum + element)
+					return secondPromise
+				else
+					error('this should not run if the promise is cancelled')
+				end
+			end, 0)
+			expect(Promise.is(sum)).to.equal(true)
+			expect(sum:getStatus()).to.equal(Promise.Status.Started)
+			secondPromise:cancel()
+			expect(sum:getStatus()).to.equal(Promise.Status.Cancelled)
+		end)
 	end)
 
 	describe("Promise.race", function()