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Plooto
Plooto is a Canadian cloud-based platform that automates accounts payable (AP) and accounts receivable (AR) for small and medium-sized businesses (SMBs) and the accounting firms that serve them. Trusted by 14,000+ businesses across Canada and the United States, Plooto processes payments via EFT, ACH, credit card, check, and international transfer — with deep two-way sync to QuickBooks, Xero, and Oracle NetSuite for automatic reconciliation. Headquartered in Toronto, Canada.
Their llms.txt
The beginning of the file, from our validated copy saved 2026-10-20T17:24:27.804Z. Cached copy · Source on plooto.com
# Plooto
> Plooto is a Canadian cloud-based platform that automates accounts payable (AP) and accounts receivable (AR) for small and medium-sized businesses (SMBs) and the accounting firms that serve them. Trusted by 14,000+ businesses across Canada and the United States, Plooto processes payments via EFT, ACH, credit card, check, and international transfer — with deep two-way sync to QuickBooks, Xero, and Oracle NetSuite for automatic reconciliation. Headquartered in Toronto, Canada.
Plooto was founded in 2015 by Hamed Abbasi and Serguei Kloubkov after experiencing firsthand the frustrations of B2B payments and cash flow management while running their previous company, Vast Studios (acquired 2014). The company is led by CEO John McLane. Plooto is SOC II and ISO 27001 certified, hosted on Microsoft Azure, and operates as a licensed money transmission business in Canada.
Plooto serves two primary audiences: (1) SMBs with 25–60 employees who need to automate payment workflows, gain cash flow visibility, and eliminate manual processes like check writing and data entry; and (2) accounting and bookkeeping firms who manage AP/AR for multiple clients from a single centralized dashboard. Industries served include construction, healthcare, professional services, financial services, retail, and non-profits.
## Core Products
- [Accounts Payable Automation](https://www.plooto.com/product/accounts-payable-automation-software): End-to-end bill payment automation with Plooto Capture (OCR invoice scanning), customizable multi-level approval workflows, payment scheduling, batch payments, full audit trails, and automatic two-way reconciliation with accounting software.
- [Accounts Receivable Automation](https://www.plooto.com/product/accounts-receivable-automation-software): Invoice creation, automated payment collection via pre-authorized debits (PADs), credit card acceptance (Visa, Mastercard, Amex) with 2-business-day settlement, recurring payments, automated reminders, and real-time invoice status tracking.
- [International Payments](https://www.plooto.com/features/international-business-payments): Send payments to 40+ countries in 25+ currencies via Global ACH with competitive exchange rates. No foreign exchange transfer fees. Cross-border flat fee of $10 (Grow/Pro) or $19 (Go plan).
- [Pay by Card](https://www.plooto.com/features/pay-by-card): Pay vendors using a commercial credit card while vendors receive payment via EFT, ACH, or check. Enables businesses to earn card rewards, capitalize on early-payment discounts, and defer cash outflow.
- [Plooto Instant](https://www.plooto.com/features/instant-payments): Pre-funded virtual wallet that accelerates payment processing to 1–2 business days in both USD and CAD, at no additional transaction cost.
- [Online Check Payments](https://www.plooto.com/features/accept-check-payments-online): Full-service digital check payments across Canada and the United States. Plooto handles printing and mailing — no in-perso
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