We’re building the financial engine
to power companies
today—and tomorrow.

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 Hamed began to understand why: They were bogged down by manual, outdated processes and struggling to manage payables and receivables.

The co-founders of Plooto, Hamed Abbasi and Serguei Kloubkov, working on a couch at the Plooto office

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.

Join them.

Plooto employees working at the Plooto officea

Our values

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.

Plooto employees hanging out at the Plooto office

Our progess

rocket2015: Plooto launches in Canada and US

bank-note (2)$6.3 Milliion USD raised in 2021 series A funding led by FINTOP Capital with participation from Luge Capital and Inovia Capital

receive-money (2)$20 Million USD raised in 2022 series B funding led by Centana Growth Partners

buildings (1)10,000+ Businesses served across North America

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Connect CPA logo
The Profit Line logo
Adbloom logo
Live Ca logo
Think Accounting logo
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See what businesses like yours are saying

David Dinardo headshot

David DiNardo
CEO
Envolta

“You’re eliminating a manual process with an electronic tool.”

Emily Ahier headshot

Emily Ahier
Finance Manager
Greenhouse

“Using the Plooto platform we save approximately 40+ hours a month.”

Tom Yawney headshot

Tom Yawney
Director of Business Development
The Influence Agency

“We can send everything in a moment, very, very simple!”

Plooto in the news

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CEO Hamed Abbasi at the Plooto office

Plooto wants to solve the problem keeping entrepreneurs up at night

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.

Technology Fast 50 2023 Canada Fast 50 Winner Deloitte

Plooto wants to solve the problem keeping entrepreneurs up at night

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.

Plooto-logo

Plooto Raises $20M USD ($27M CAD) in Series B Funding, Led by Centana Growth Partners

The new funding will be used to capitalize on Plooto’s growth momentum and customer base by scaling the team and expanding product capabilities.