About Plooto
Plooto is a company based in Toronto (Canada) founded in 2015 by Hamed Abbasi and Serguei Kloubkov.. Plooto has raised $26.38 million across 4 funding rounds from investors including Centana Growth Partners, FINTOP and Luge Capital. Plooto offers products and services including Accounts Payable Software, Accounts Receivable Software, and International Payments. Plooto operates in a competitive market with competitors including Esker, Versapay, Notch, Gamut Infosystems Limited and Decision Engines, among others.
- Headquarter Toronto, Canada
- Founders Hamed Abbasi, Serguei Kloubkov
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Sectors
TechnologyFinancial Services
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Plooto Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.38 M (USD)
in 4 rounds
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Latest Funding Round
$20 M (USD), Series B
Dec 13, 2022
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Investors
Centana Growth Partners
& 5 more
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Employee Count
Employee Count
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Products & Services of Plooto
Plooto offers a comprehensive portfolio of products and services, including Accounts Payable Software, Accounts Receivable Software, and International Payments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates bill payments and workflows for businesses securely.
Facilitates invoice management and collections efficiently.
Enables cross-border transactions with secure processing.
Funding Insights of Plooto
Plooto has successfully raised a total of $26.38M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $20.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series B - Plooto | Valuation | Centana Growth Partners | |
| Apr, 2021 | Amount | Series A - Plooto | Valuation | FINTOP | |
| Jun, 2016 | Amount | Seed - Plooto | Valuation | Golden Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Plooto
Plooto has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Centana Growth Partners, FINTOP and Luge Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in growth-stage tech and offline US/Canada companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Luge Capital is focused on fintech venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Plooto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Plooto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Plooto Comparisons
Competitors of Plooto
Plooto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Esker, Versapay, Notch, Gamut Infosystems Limited and Decision Engines, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cloud-based B2B accounts receivable solutions are offered.
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| domain | founded_year | HQ Location |
Accounts receivable automation software is provided by Notch.
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| domain | founded_year | HQ Location |
Accounting and ERP management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
An AI-based platform for end-to-end process automation is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Plooto
Frequently Asked Questions about Plooto
When was Plooto founded?
Plooto was founded in 2015.
Where is Plooto located?
Plooto is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Plooto?
Hamed Abbasi is the current CEO of Plooto. They have also founded this company.
Is Plooto a funded company?
Plooto is a funded company, having raised a total of $26.38M across 4 funding rounds to date.
What does Plooto do?
Plooto was founded in 2015 in Toronto, Canada, as a cloud-based platform in the fintech sector. Businesses are assisted in sending and receiving payments online through integration with accounting software. Invoices are imported, and payments are processed to vendors using email addresses. The solution is designed for financial controllers and bookkeepers in small and medium-sized enterprises, focusing on streamlined accounts payable and receivable operations.
Who are the top competitors of Plooto?
What products or services does Plooto offer?
Plooto offers Accounts Payable Software, Accounts Receivable Software, and International Payments.
Who are Plooto's investors?
Plooto has 6 investors. Key investors include Centana Growth Partners, FINTOP, Luge Capital, Inovia Capital, and Golden Ventures.