About Plooto
Plooto is a Technology company based in Toronto (Canada) founded in 2015 by Hamed Abbasi and Serguei Kloubkov. Cloud-based B2B payments are enabled for accounts payable and receivable. It operates in the Technology and Financial Services sectors. Plooto has raised $26.38 million across 4 funding rounds from investors including Centana Growth Partners, FINTOP and Luge Capital. Its chief executive, as recorded, is Hamed Abbasi. Its website plooto.com draws about 195 thousand monthly visits. Plooto offers products and services including Accounts Payable Software, Accounts Receivable Software, and International Payments. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Account Payables & Receivables. Its legal entity is Plooto Inc. Its competitors include Notch and Clik2pay; 1 of its 2 listed competitors has raised funding.
Company details
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.
- Total Equity Funding$26.38M (USD)
in 4 rounds
- Latest Funding Round$20M (USD), Series B
Dec 2022
- InvestorsCentana Growth Partners
& 5 more
Products & Services of Plooto
Plooto offers a comprehensive portfolio of products and services, including Accounts Payable Software, Accounts Receivable Software, and International Payments.
Automates bill payments and workflows for businesses securely.
Facilitates invoice management and collections efficiently.
Enables cross-border transactions with secure processing.
Apps and channels of Plooto
its YouTube channel Plooto has 369 subscribers and 30 videos.
Videos from Plooto
The most watched videos on Plooto's YouTube channel, Plooto (369 subscribers). Click a video to play it here.
More on Plooto.
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 $26.38M
- Total Rounds 4
- Last Round Series B — $20M
- Investors Count 6
All 4 funding rounds of Plooto with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $20M | Series B | – | Centana Growth Partners | |
| Apr 2021 | $6.38M | Series A | – | FINTOP | |
| Jun 2016 | Seed | – | Golden Ventures | – | |
| Apr 2015 | Seed | – | Real Ventures | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in growth-stage tech and offline US/Canada companies. | centanagrowth.com | New York, United States | ||
| fintopcapital.com | ||||
Luge Capital is focused on fintech venture capital investments. | luge.vc | Montreal, Canada | ||
Investments are made in early-stage technology companies by Inovia Capital. | inovia.vc | Montreal, Canada | ||
Seed-stage investments are directed toward North American startups. | golden.ventures | Toronto, Canada | ||
Early-stage venture capital is provided to Canadian technology startups by Real Ventures. | realventures.com | Montreal, Canada |
Investor details for Plooto
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Plooto
2 people are tracked at Plooto (2 in leadership).
| Name | Role | Group |
|---|---|---|
Hamed Abbasi | Co-Founder & Co-CEO | Leadership |
Serguei Kloubkov | Co-Founder & Co-CEO | Leadership |
Complete people profiles for Plooto
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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Timeline of Plooto
3 dated milestones of Plooto across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Plooto is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $20.0M.
Competitors of Plooto
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| notch.financial | 2015 | Toronto, Canada | $32.6M | Accounts receivable automation software is provided by Notch. | ||
| clik2pay.com | 2018 | Toronto, Canada | Real-time payment solutions are delivered to businesses for acceptance needs. |
Detailed competitors of Plooto
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- Full competitor set
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Web traffic of Plooto
The website of Plooto (plooto.com) receives about 195.4K visits a month and ranks #179,185 among all websites worldwide, #2,474 in Financial Planning and Management.
- Monthly visits195.4K
▲ 3.6% vs previous month
- Unique visitors55.8K
per month
- Global rank#179,185
among all websites
- Category rank#2,474
Finance · Financial Planning and Management
- Bounce rate40%
- Pages per visit4.7
- Average visit4 min 34 sec
- DevicesDesktop 54% · Mobile 46%
Websites whose visitors overlap most with Plooto. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| desjardins.com | 100% | 18.6M | #1,722 | View details | |
| tipalti.com | 98% | 1.1M | View details | ||
| pathward.com | 95% | 227.4K | #200,153 | View details | |
| northone.com | 95% | 62.5K | #409,898 | View details | |
| botkeeper.com | 95% | 16.9K | #1,615,615 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 31 similar websites and full traffic analytics for Plooto
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- 31 similar websites
- Audience overlap
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- Traffic by brand
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Related news about Plooto
Complete news archive for Plooto
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Frequently Asked Questions about Plooto
Plooto was founded in 2015.
Plooto is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Hamed Abbasi is the CEO of Plooto, as recorded in our data. They have also founded this company.
Plooto is a funded company, having raised a total of $26.38M across 4 funding rounds to date.
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.
Plooto offers Accounts Payable Software, Accounts Receivable Software, and International Payments.
Plooto has 6 investors. Key investors include Centana Growth Partners, FINTOP, Luge Capital, Inovia Capital, and Golden Ventures.
Plooto operates through Plooto Inc.
The website of Plooto receives about 195 thousand visits a month and ranks #179,185 among all websites worldwide.