Case Study: Startup TNT accelerates investment financing and streamlines payments with Plooto

Startup TNT accelerates investment financing for SMBs with Plooto

Startup TNT, a non-profit organization connecting Canadian startups with investors, faced significant challenges managing its payment workflows. The company was using inefficient methods like wire transfers, e-Transfers with low limits, and cheques to move investment capital and pay vendors, leading to high transaction fees, manual reconciliation, and strained vendor relationships. To overcome these obstacles, they turned to the payment automation platform from Plooto.

By implementing Plooto, Startup TNT automated its accounts receivable and payable processes. This solution eliminated daily transaction limits, automatically reconciled payments with their accounting software, and sped up vendor payments through configured approval rules. The results were substantial time savings, reduced transaction costs, and happier vendors, allowing the company to focus more on its core mission of funding Canadian startups.

Startup TNT

Jonah Tetz

Operations Lead