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Hamed Abbasi
Co-Founder @ Plooto | Payment Automation for SMBs
Hamed Abbasi is the co-founder and CEO of Plooto, a payment automation solution for small-to-midsize businesses (SMBs).13 He founded Plooto in 2015 along with Serguei Kloubkov, with the company headquartered in Toronto.12 Under Abbasi's leadership, Plooto has grown to serve over 10,000 North American businesses, integrating with top accounting software platforms like Quickbooks, Xero, and NetSuite.1
Abbasi's vision for Plooto was to simplify and make more efficient the process of handling payments for small and medium-sized businesses.1 The company's all-in-one payment automation platform securely automates payable and receivable workflows, offering extensive payment capabilities and seamless integration with accounting software.2
During his tenure as CEO, Plooto achieved significant growth, including a 433% revenue growth rate between 2019 and 2022.1 The company also secured $20 Million USD in Series B funding in 2022, led by Centana Growth Partners.4
As of March 4, 2024, it was announced that Hamed Abbasi has departed from his position as CEO of Plooto.1 The company's board of directors has appointed Serguei Kloubkov and Wajdi Ghoussoub as interim co-Chief Executive Officers to take over his responsibilities.1
