Toronto-based Plooto, a leader in payment automation solutions for small and medium-sized businesses (SMBs) and accounting firms, has appointed John McLane as its new Chief Executive Officer.
McLane brings over two decades of experience in enterprise software, with expertise spanning private equity, finance, strategy, and operations. His most recent role as Chief Operating Officer for the Americas at Trustly, an open banking payments company, saw him lead the company’s expansion, growing its revenue over 30-fold and achieving profitability while establishing Trustly as the North American market leader.
McLane’s extensive background in scaling fintech companies positions him to lead Plooto as it aims to further support SMBs in optimizing their payment and cash management processes throughout 2025.
“I’m excited to join Plooto at such a pivotal moment in its growth,” McLane said. “Plooto’s innovative payment solutions enable SMBs and accounting firms to streamline finance operations and enhance cash flow, allowing them to focus on what really matters—serving their customers. With more than 10,000 organizations across North America already benefiting from our services, the potential for growth is immense.”
Plooto, founded in 2015, provides SMBs with an all-in-one platform that automates payables and receivables workflows, integrates with accounting software like QuickBooks, Xero, and NetSuite, and offers extensive payment capabilities. The company currently serves over 10,000 businesses across North America and continues to expand its reach as it simplifies complex financial processes at scale.
As Plooto looks ahead to 2025, McLane’s leadership is expected to help drive the company’s growth and further establish its position as a critical player in the SMB payments automation space.
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