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Ex-Plooto CEO on Trial for Sexual Assault

January 15, 2025 by Newsdesk

Hamed Abbasi, co-founder and former CEO of Toronto-based fintech firm Plooto, is currently on trial for an alleged sexual assault that occurred in November 2023. Abbasi was arrested by Toronto Police on November 26, and the case is being heard in the Ontario Court of Justice.

Plooto announced Abbasi’s departure in March 2024 without explanation. The fintech firm, backed by investors like Deloitte Ventures and Inovia Capital, employs 130 people and serves over 10,000 customers. Abbasi’s lawyer, Gerald Chan, maintains his client’s innocence and stated Abbasi has fully stepped away from Plooto.

Want to know more? Check out the source code on The Logic.

Filed Under: News Tagged With: Plooto

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