Plooto is a cloud‑based platform that automates accounts payable and receivable for small and medium‑sized businesses, allowing users to initiate, approve, and track domestic, international, and ACH payments from a single dashboard. It integrates directly with accounting software such as QuickBooks to sync transaction data, reduce manual entry, and provide real‑time reporting, while offering role‑based approvals and bank‑grade security to lower transaction costs and streamline cash‑flow management.
Funding
$19.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
1OCGFounders
Product
Problem
Small and medium-sized businesses often struggle with manual, time‑consuming accounts payable and receivable processes, high transaction fees from traditional banks, and a lack of integrated tools to manage cash flow efficiently.
Solution
Plooto offers a cloud‑based platform that automates both accounts payable and accounts receivable workflows for SMBs. The service enables users to initiate, approve, and track payments—including domestic, international, and ACH transfers—directly from a single dashboard. Integrated connections with popular accounting software such as QuickBooks synchronize transaction data, reducing manual data entry and reconciliation effort. Built‑in approval hierarchies and audit trails provide control and visibility over cash outflows, while secure, bank‑grade encryption safeguards financial information. By consolidating payment processing, reporting, and compliance features, Plooto helps businesses reduce bookkeeping time, lower transaction costs, and focus on core operations.
Target Audience
Primary customers are small to medium-sized enterprises in North America that need to streamline their payment operations and integrate with existing accounting software.
Features
- Automated payment initiation and approval workflows for both AP and AR
- Support for ACH, wire, and international payments with competitive fee structures
- Real‑time integration with accounting systems (e.g., QuickBooks) for seamless data sync and reconciliation
- Centralized dashboard with transaction tracking, reporting, and audit logs
- Role‑based access controls and multi‑level approval processes to enforce financial governance
- Bank‑grade security and compliance with national financial data standards