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Plooto: Raises $20M USD in Series B Funding

Plooto: Raises $20M USD in Series B Funding

  • Plooto is a cloud-based, end-to-end payment automation software company that helps small to mid-size businesses (SMBs)
  • Centana Growth Partners is a specialized growth equity firm that invests in the future of finance
  • Announced the closing of $20M USD ($27M CAD) in Series B funding
  • The all-equity round was led by Centana Growth Partners, a specialized growth equity firm that invests in the future of finance
  • The funding will be used to drive customer expansion, introduce new product lines, ramp up hiring
  • Enable the advancement of entrepreneurs to reach their full potential without being bogged down by cumbersome
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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