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Plooto

Plooto

Automated accounts payable and receivable software

About

Plooto Inc. offers a work environment focused on technical precision and seamless integration in the financial sector, making it an attractive workplace for professionals passionate about simplifying complex financial processes. With a proven track record of serving over 10,000 businesses across North America, the company's commitment to automating accounts payable and receivable demonstrates its leadership in streamlining payment workflows. This dedication not only enhances the internal culture of innovation but also positions Plooto at the forefront of financial technology solutions.

Company Stage

Series B

Employees

51-200

Industries

Consulting, Fintech, Financial Services

Total Funding

$26.4M

Headquarters

N/A

Founded

2015


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Simplify's Take

What believers are saying

  • Plooto's recent $20M Series B funding led by Centana Growth Partners indicates strong investor confidence and provides resources for further innovation and market expansion.
  • The company's recognition by Deloitte’s Technology Fast 500™ and Technology Fast 50™ for a 433% growth rate over three years highlights its rapid and sustained growth trajectory.
  • Plooto's enhanced payment automation solutions, including features like Dual Controls and Single Sign-On, offer robust security and scalability, making it an attractive option for growing SMBs.

What critics are saying

  • The competitive landscape for payment automation solutions is intense, with numerous players vying for market share, which could impact Plooto's growth.
  • As Plooto scales, maintaining the high level of security and customer service that it currently offers could become challenging.

What makes Plooto unique

  • Plooto's focus on automating accounts payable and receivable operations for SMBs sets it apart from competitors who may not specialize in this niche.
  • The introduction of the 'Plooto Pro' subscription tier emphasizes security, addressing a critical need for scaling businesses that face increased risks of fraud and human error.
  • Plooto's seamless integration with ERP solutions like Oracle Netsuite and accounting software like QuickBooks and Xero enhances its value proposition by reducing human error and saving time for finance teams.

Growth & Insights
Headcount

6 month growth

0%

1 year growth

15%

2 year growth

98%

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