Currently, placing folders in alpha order is a manual process, which may be easier to do via the desktop at www.simplywise.com
I’ll include steps below for both mobile app & desktop so you can see which method works best for you.
From mobile app:
From your mobile app, navigate to the space where you would like to organize folders
Tap the pencil icon to enter edit mode
Tap and hold the folder you want to move
Drag and drop where you want to place it
Be sure to drop it between folders and not on top of another folder, or it will group them together
Rinse and repeat for all folders
Tap the X on the upper right to save changes and exit edit mode
From desktop:
Log into your account at www.simplywise.com using your phone number and password
Click Edit on the upper left
Click and hold the folder you want to move
Drag and drop where you want to place it
Click done when completed