When was Plooto founded?

Plooto was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is Plooto located?

Plooto is headquartered in Toronto, Canada. It is registered at 325 Front Street West, Toronto.

Who is the current CEO of Plooto?

Hamed Abbasi and Serguei Kloubkov s of Plooto. Hamed Abbasi has also founded 1 company.

How many employees does Plooto have?

As of Mar 31, 2026, the latest employee count at Plooto is 115.

Is Plooto a funded company?

Plooto is a funded company, having raised a total of $26.4M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 2015.

When was the latest funding round of Plooto?

Plooto's latest funding was a $***** Series B round on Dec 13, 2022, with participation from 3 investors.

Where does Plooto rank among its competitors?

Plooto ranks 4th amongst 32 active competitors, of which 4 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Quickly, which secured $7.33M in Oct, 2023.

Who are the top competitors of Plooto?

Plooto's top competitors include Esker, Gamut Infosystems Limited and PaySprint. Among them, Quickly secured the most recent funding round in October, 2023.

Plooto - 2026 Company Profile, Team, Funding & Competitors

Plooto is a series B company based in Toronto (Canada), founded in 2015 by Hamed Abbasi and Serguei Kloubkov. It operates as a Provider of accounts payable and accounts receivable automation software solutions. Plooto has raised $26.4M in funding from investors like Real Ventures, Centana Growth Partners and Golden Ventures. The company has 32 active competitors, including 4 funded and 3 that have exited. Its top competitors include companies like Esker, Gamut Infosystems Limited and PaySprint.

Company Details

Provider of accounts payable and accounts receivable automation software solutions. The software simplifies payment and accounting processes for businesses. It offers features such as invoice management, online payments, and integration with accounting platforms. The platform allows for team collaboration, secure transactions, and customizable workflows.

Website: plooto.com
Social
Email ID: *****@plooto.com
Registered Address: 325 Front Street West, Toronto

Key Metrics

Founded Year

2015

Location

Toronto, Canada

Stage

Series B

Total Funding

$26.4M in 4 rounds

Latest Funding Round

Series B, Dec 13, 2022, $*****

Investors

Real Ventures & 9 more

Ranked

4^th among 32 active competitors

Employee Count

115 as on Mar 31, 2026

Similar Companies

Bill.com & 942 more

View Plooto's full profile

Plooto is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Plooto Inc. CIN: 14625366 , Canada, Active	Jan 01, 2023	-	-	-

Plooto has raised a total funding of $26.4M over 4 rounds. Its first funding round was on Apr 2015. Its latest funding round was a Series B round on Dec 13, 2022 for $*****. 3 investors participated in its latest round. Plooto has 10 institutional investors.

Here is the list of recent funding rounds of Plooto:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 13, 2022	9154117	Series B	9965059	8420261	3201975	4736546
Apr 21, 2021	7413245	Series A	3938045	2688309	8507031	Luge Capital & 1 more
2016	1542	Seed	4786	2033	Golden Ventures	3601

Access funding benchmarks and valuations. Sign up today!

View details of Plooto's funding rounds and investors

The founders of Plooto are Hamed Abbasi and Serguei Kloubkov. Hamed Abbasi and Serguei Kloubkov are the CEOs of Plooto.

Here are the details of Plooto's key team members:

Hamed Abbasi: Co-Founder & Co-CEO of Plooto.
Contact Info: 1 email address
Serguei Kloubkov: Co-Founder & Co-CEO of Plooto.

Plooto's Board of Directors

Plooto's board has 4 active members. John Philpott, Serguei Kloubkov, Benjamin Cukier and Albert Emile Wahbe are independent board members.

Here is the list of Plooto's board of directors:

Name	Type	Representing	Status	Duration
John Philpott	Independent board member	-	Current	3y 2m
wkttkgx	Independent board member	-	Current	4y 6m
mcqihgj	Independent board member	-	Current	5y 5m
mwdpjes	Independent board member	-	Current	8y 6m

View details of Plooto's Founder profiles and Board Members

Plooto's employee count trend

Plooto has 115 employees as of Mar 26. Here is Plooto's employee count trend over the years:

Uncover Plooto's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Plooto include Esker, Gamut Infosystems Limited and PaySprint. Here is the list of Top 10 competitors of Plooto, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Esker 1985, Middleton (United States), Public	Provider of an AI-driven document automation and business process solutions	-	Herald Investment Management, General Atlantic ... & 5 others	58/100
2nd	Gamut Infosystems Limited 1990, Kolkata (India), Funding Raised	Accounting and ERP management platform	-	-	51/100
3rd	PaySprint 2020, Brampton (Canada), Funding Raised	App-based wallet for payments	-	Treefrog	47/100
4th	Plooto 2015, Toronto (Canada), Series B	Provider of accounts payable and accounts receivable automation software solutions	$26.4M	Inovia Capital, Lionfish Capital & 8 others	45/100
5th	Cortex 1999, Calgary (Canada), Acquired	Provider of account payables and receivables solutions for businesses	-	-	42/100
6th	Notch 2015, Toronto (Canada), Series A	Provider of accounts receivable automation software for invoice and payment management	$32.6M	Golden Ventures, Accomplice & 10 others	41/100
7th	Telpay 1985, Winnipeg (Canada), Unfunded	Canada-based B2B payments solution provider	-	-	36/100
8th	Quickly 2021, Calgary (Canada), Seed	Invoicing and payment software to automate payments	$7.33M	Thin Air Labs, ATB Financial & 3 others	36/100
9th	Jetpay 2023, Victoria (Canada), Funding Raised	Invoice payment processing solution for businesses	-	-	35/100
10th	Ablii 2019, Toronto (Canada), Unfunded	Business payment solutions	-	-	33/100