McLane brings decades of knowledge from the enterprise technology sector to new role; focused on expanding payment automation to thousands of North American businesses in 2025

TORONTO, October 22, 2024--(BUSINESS WIRE)--Plooto, a leader in end-to-end payment automation solutions for small to medium-sized businesses (SMBs) and their accounting firms, announced today the appointment of John McLane as Chief Executive Officer.

With over 20 years of experience in enterprise software spanning private equity, finance, strategy and operations, McLane joins Plooto with a wealth of knowledge on scaling fintech companies through rapid growth stages. Most recently, he served as COO Americas of Trustly, the leading open banking payments solution used by thousands of businesses globally. During his tenure, McLane led operations as the company grew revenue by over 30x, reached profitability and established itself as the North American market leader. McLane’s background positions him perfectly to lead Plooto as the company works to provide seamless payments and cash management control to thousands more SMBs in 2025.

"I am energized to join Plooto at such an exciting stage in its growth. Plooto is a leading payments solution enabling SMBs and their accounting firms to streamline finance operations, maximize cash flow, and focus on what matters most: their customers," said McLane, CEO of Plooto. "With over 10,000 organizations across North America already benefiting from Plooto's payment automation, we have immense potential to build upon that value and put financial power into the hands of even more businesses. Plooto has a customer-centric culture that I’m thrilled to join to actualize that vision."

"John has a great business acumen and proven track record of leading thriving technology companies. His passion for aligning customer needs to product innovation, expertise in the payments sector, and dedication to scaling efficiently will be instrumental in driving Plooto’s next stage of growth. I look forward to the value John and the Plooto team will deliver to our customers. On behalf of the entire company, I’d also like to thank Serguei Kloubkov and Wajdi Ghoussoub for their leadership during the recent interim period," said Albert Wahbe, Chairman of Plooto’s Board of Directors.

"Businesses continue to experience significant cash flow challenges, and Plooto is more committed than ever to solving those pain points with cutting-edge, easy-to-use payments solutions that give them greater control over their working capital. I’m excited to collaborate with John, a leader who brings invaluable fintech experience to the role of CEO, as we push boundaries in the payments sector to deliver solutions that save time, money, and sanity for our customers," said Serguei Kloubkov, Co-founder and CTO.

McLane’s hiring follows other leadership appointments in early 2024: Chelsea Bailey as Chief People Officer, Abe Knell as Chief Revenue Officer, and Christopher Wassenaar as Chief Compliance Officer.

To learn more about Plooto’s payment automation solutions, visit plooto.com.

About Plooto
Plooto partners with small-to-midsize businesses and their accounting firms to give them complete control over their cash management. The all-in-one payment automation platform securely automates all payable and receivable workflows, offers extensive payment capabilities, and seamless integration with accounting software to automatically reconcile invoices. Headquartered in Toronto, Plooto serves over 10,000 North American businesses, and integrates with top accounting software platforms Quickbooks, Xero, and NetSuite. Simplifying complex processes at scale, Plooto is the financial engine businesses rely on to achieve their growth potential.

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Contacts

For media inquiries, please contact:
Kate McGaughey
press@plooto.com