Fundz

Plooto Secures $20M Series B Round Led By Centana Growth Partners

PRIVATEDec 14, 2022

Amount Raised

$20 Million

Round Type

Series B

TorontoFinancial ServicesSoftware

Description

Plooto is a Toronto-based provider of accounts payable and accounts receivable automation software to small to medium-sized businesses.

Who else raised in Financial Services and Software around the same time

Companies in the same sectors as Plooto that raised within 45 days of this round, from Fundz verified event records.

  • Streamex Corp. raised $234K (Seed) on January 25, 2023.
  • DailyPay raised $260M (Funding Round) on January 24, 2023.
  • Vartana raised $12M (Funding Round) on January 24, 2023.
  • Streamex Corp. raised $1.9M (Seed) on January 23, 2023.
  • Architect raised $5M (Funding Round) on January 20, 2023.
  • PeopleFund raised $20M (Series C) on January 18, 2023.

Who to call at Plooto, and when

A new round usually means Plooto is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Plooto raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Plooto, from your own LinkedIn network

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Company Information

Company

Plooto

Location

Toronto, Ontario, Canada

About

Plooto partners with growing small-to-midsize businesses to give them complete control over their cash management. The all-in-one payment automation platform securely automates all payable and receivable workflows, offers extensive payment capabilities, and seamless integration with accounting software to automatically reconcile invoices. Founded in 2015 and headquartered in Toronto, Plooto serves over 10,000 North American businesses, and integrates with top accounting software platforms Quickbooks, Xero, and NetSuite. Simplifying complex processes at scale, Plooto is the financial engine businesses rely on to achieve their growth potential.

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Fundz sees it the moment Plooto raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Plooto raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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