Assessment
Plooto is used by small and medium businesses in Canada and the US and by the bookkeepers and accounting firms that run payments for them. It says more than 14,000 businesses use it and that it handles more than 3.2 million transactions a year. Plans start at $9 a month for Go and $32 a month for Grow, with per-payment fees, which puts it at the low-cost end of payables software, and its closest competitors are BILL, Spenda, Tipalti, and Rho.
Plooto was founded in 2015 by Hamed Abbasi and Serguei Kloubkov and has been led by John McLane, formerly of Trustly, since September 2024. It raised about $28.6M through its Series B in 2022 and ranked 233rd on the 2025 Deloitte Technology Fast 500 with 348% revenue growth. It syncs with QuickBooks, Xero, and Oracle NetSuite.
It fits an owner-run business or accounting firm that wants bill payments, collections, and approvals in one place, with a fee for each payment. It is a weaker fit for a company that wants a business account or corporate cards, because Plooto moves money from a linked bank account and is not a bank.
Rating by criterion
We score each of the eight criteria out of 100.
Sector criteria
Use it to pay by EFT, ACH, cheque, or card and to collect through pre-authorized debits. Grow allows unlimited domestic payments and unlimited connected bank accounts, and international payments reach more than 40 countries.
Do not expect a card program. Pay by Card lets you pay vendors with your own commercial credit card for 2.9%, but Plooto issues no cards of its own.
Lean on it to cut admin. Plooto Capture reads invoices, approval rules can have unlimited approvers on Grow, and accounting firms can manage clients from one account.
Check your ledger first. Plooto offers two-way sync with QuickBooks Online, QuickBooks Desktop, and Xero, with NetSuite as an add-on on Pro.
Vendor criteria
The product is widening from payables into receivables and card payments, and Plooto launched Pay by Card with Visa in 2024.
Try it before you commit. A 30-day free trial includes 10 domestic payments, and Pro adds priority support and a dedicated phone channel.
Compare its fees line by line. Plans and per-payment fees are published, such as $0.50 for an EFT on Grow, $1 for ACH, and $10 for a cross-border payment on Grow and Pro.
Note the plan limits. Go caps domestic payments at five a month and $5,000 each, and Plooto sets its exchange rates, which can change.
Against its peers
These are the other companies in business banking and treasury, with their ratings.
User comments
We read the customer stories Plooto publishes on its own site to see what buyers value, and set them against the main limit a buyer meets.
Where customer reviews couldn't be found, our analysts attempted to give a voice to buyer sentiment, drawing on real information from review sites, forums and product documentation.
Based on: Plooto, pricing page; Plooto, home page.
Fact file
| Legal entity | Plooto Inc. |
|---|---|
| Chief executive | John McLane, since September 2024 |
| Plans | $9 a month for Go, $32 a month for Grow, Pro on request |
| Cross-border payment | $10 on Grow and Pro, $19 on Go |
| Scale | More than 14,000 businesses |
| Growth | 348% on the 2025 Deloitte Fast 500 |
Competitive landscape
Payables and receivables tools a small business would compare with Plooto.
Plooto: 77
Melio, owned by Xero since October 2025, lets US small businesses pay vendors by ACH, card, or check with a free plan and paid plans up to $80 a month.
Comparisons
Key leadership
John McLane has been chief executive of Plooto since September 2024. He was earlier chief operating officer for the Americas at Trustly.
How this review was created
This profile gives our own assessment of Plooto to companies selecting a Business banking & treasury provider. The Fintech Index receives nothing for featuring a firm, for sponsorship, or for advertising, and Plooto gave us no payment for the profile.
The rating equals the average of eight criteria, with every criterion running from 0 to 100. Four address buyer needs in this sector, and four address the company together with its commercial terms.
Ratings are our editorial judgment, made from public information: pricing and legal pages, product documentation, compliance disclosures, public reviews and filings. Fact-checking took place on October 30, 2026. Figures reported in Canadian dollars were converted to US dollars at the Federal Reserve H.10 rate of 1.3993 Canadian dollars per US dollar on October 23, 2026.
Source pages
- Plooto home page: https://www.plooto.com/ (As of October 30, 2026)
- Plooto pricing: https://www.plooto.com/pricing (As of October 30, 2026)
- Plooto about page: https://www.plooto.com/about (As of October 30, 2026)
- Plooto, Series B announcement: https://www.plooto.com/newsroom/plooto-raises-20m-usd-in-series-b-funding (As of October 30, 2026)
- Plooto, 2025 Deloitte Fast 500: https://www.plooto.com/blog/plooto-ranked-233-on-the-2025-deloitte-fast-500 (As of October 30, 2026)
- BetaKit, Plooto appoints John McLane: https://betakit.com/plooto-appoints-john-mclane-as-new-ceo/ (As of October 30, 2026)
Tanis Young, Owner, Maven Bookkeeping / Plooto home page / retrieved October 30, 2026