On December 13, 2022, Plooto completed its US$20 million in Series B financing led by Centana Growth Partners with participation from Fintop Capital and Luge Capital. With this round, Plooto plans to use the capital to introduce new product lines, build more integrations, and further customize its offerings to small-to-medium-sized businesses (SMBs).
Plooto is a Toronto-based company that helps SMBs automate their accounts payable and accounts receivable operations, integrating with accounting systems to eliminate manual data entry, and automate the reconciliation of bills and invoices.
Osler, Hoskin & Harcourt LLP advised Plooto with a team consisting of Chad Bayne, Ryan Unruch, Mihnea Horatiu Porime, and Nik Popovski (Emerging and High Growth Companies).