Plooto
Latest round
- Series B
Last raised
- Dec 2022
Total raised
- $26M
Investors
- 8
About Plooto
Founded in 2015 in Toronto, Canada, Plooto Inc. specializes in providing accounts payable and receivable software solutions. The company was established by Hamed Abbasi and Serguei Kloubkov.Plooto offers an all-in-one accounts payable and receivable software designed to streamline and simplify business payments for a diverse client base, including accountants, bookkeepers, and various businesses across multiple sectors such as finance, healthcare, and retail. The platform provides capabilities for managing cash flow, automating payment processes, and integrating with accounting software like QuickBooks, Xero, and NetSuite, ensuring an efficient reconciliation of bills and payments. The software allows users to process payments via multiple methods, including debit cards, credit cards, ACH, and international transfers, ensuring flexibility in how businesses transact. Plooto's features support customizable approval workflows and permissions, thus helping firms mitigate risk while enhancing operational efficiency.Plooto generates revenue through a subscription-based model, offering various pricing plans to suit the needs of different business types and sizes. The company’s flagship services facilitate seamless transactions between businesses and their clients, which may include subscription fees for software access, transaction fees for payments processed, and charges associated with specific features such as international payments and invoice management. Clients typically engage with Plooto by subscribing to the platform and utilizing its comprehensive payment solutions to manage their accounts payable and receivable efficiently. Plooto is focused on launching new features and products aimed at improving financial management solutions for its clients. Furthermore, the company intends to explore opportunities for expansion into new geographic regions, although specific markets and timelines have not been disclosed.
Who invested in Plooto
8 investors across 4 rounds
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Questions about Plooto
Who invested in Plooto?
Plooto has 8 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Plooto raised?
Plooto has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Plooto last raise money?
Plooto's most recent round on record is a Series B, in Dec 2022.
What does Plooto do?
Founded in 2015 in Toronto, Canada, Plooto Inc.
Where is Plooto headquartered?
Plooto is headquartered in Toronto, Canada.
Which VCs invest in companies like Plooto?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Plooto's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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