“You’re eliminating a manual process with an electronic tool.”
We’re building the financial engine
to power companies
Powering the businesses shaping today and the future. That’s what we do.
Keeping your cash flow flowing takes time, energy, and focus. But too often, when you’re stuck balancing books, you can’t concentrate on growing the business. It’s a situation that seems impossible to reconcile. We know because we’ve been there.
Plooto co-founder and CEO Hamed Abbasi was once a financial services manager at the Bank of Montréal. Customers (small- to medium-sized business owners and accountants) handed him shoeboxes stuffed with invoices, receipts, and other financial records.
82% of businesses fail due to cash flow problems. Hamed began to understand why: They were bogged down by manual, outdated processes and struggling to manage payables and receivables.
Later, Hamed launched a video game company with developer Serguei Kloubkov. As CEO and bookkeeper, it was now Hamed’s turn to balance billing with business building. He and Serguei knew there had to be a better way.
That’s what inspired them to create Plooto.
Plooto simplifies payments and streamlines reconciliation. Automating all accounts payable and receivable workflows in a single platform has freed thousands of business owners and finance professionals to innovate, collaborate, and unlock their potential.
We make powerful financial solutions accessible
All-in-one automated payment software should be easy-to-use and available to everyone.
We put trust above all
Business owners and bookkeepers shouldn’t have to worry about privacy, security, or support.
We innovate for our customers
That’s why we’ll never stop updating, improving, and safeguarding our platform.
We champion the success of small-to-midsize business
Because they fuel economies, create jobs, and solve problems, we want to help them succeed.
2015: Plooto launches in Canada and US
$6.3 Milliion USD raised in 2021 series A funding led by FINTOP Capital with participation from Luge Capital and Inovia Capital
$20 Million USD raised in 2022 series B funding led by Centana Growth Partners
10,000+ Businesses served across North America
See what businesses like yours are saying
“Using the Plooto platform we save approximately 40+ hours a month.”
Director of Business Development
The Influence Agency
“We can send everything in a moment, very, very simple!”
Plooto in the news
After years of seeing shoeboxes full of receipts land on his desk week after week, Plooto CEO and co-founder Hamed Abbasi finally found a better way to manage business payments.
The company’s staggering 3-year 433% growth rate is powered by laser-focus on customer-centric product innovation, key leadership hires, and $24M Series B funding.
The new funding will be used to capitalize on Plooto’s growth momentum and customer base by scaling the team and expanding product capabilities.