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Overview
Collective provides tax-saving back-office services for self-employed entrepreneurs by helping them structure their business as an S Corporation. Members answer an eligibility questionnaire, are connected with an advisor, and form an S Corp if appropriate, then receive ongoing bookkeeping and payroll at no extra charge. A dedicated finance team and a Member Relationship Manager deliver monthly financial reports and personalized guidance. It operates on an affordable, tax-deductible membership model aimed at saving time and money while keeping finances organized.
About Collective
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
201-500
Company Stage
Early VC
Total Funding
$78.7M
Headquarters
San Francisco, California
Founded
2020
Your Connections
People at Collective who can refer or advise you
Simplify's Take
What believers are saying
- AI-powered bookkeeping and deduction capture launched in March 2024 offers near-term automation opportunities.
- Open Ledger acquisition in April 2026 enables real-time scenario modeling and AI agents across workflows.
- Thousands of members already use formation, bookkeeping, payroll, and tax filing services for upsell potential.
What critics are saying
- AI automation may displace traditional accounting firms serving solopreneurs, reducing their revenue by 30–50% in 12–18 months.
- IRS tightening S Corp eligibility rules could cause 20–40% member attrition in 6–12 months.
- Open Ledger API integration may let fintech competitors replicate Collective’s AI suite, eroding market share by 25–35% in 18–24 months.
What makes Collective unique
- Collective is the first all-in-one financial platform for self-employed entrepreneurs.
- It blends human advisors with AI automation for back-office accounting functions.
- Members get personalized back-office systems including monthly bookkeeping and payroll at no extra charge.
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Funding
Total Funding
$78.7M
Above
Industry Average
Funded Over
3 Rounds
General CatalystBenefits
Health Insurance
Dental Insurance
Vision Insurance
Stock Options
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Home Office Stipend
Paid Parental Leave
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 2%The Return Collective recently launched "Operation Sticker Flood," which has seen activists placing stickers on products that were either produced in Israel or on brands that economically support the far-right Israeli apartheid regime.
Collective has debuted an artificial intelligence (AI)-powered accounting platform designed for one-person operations. “As freelancers delve into the administration needed to properly pay their taxes and keep their books up to date, they’ve been shocked by their choices: pay expensive local accountants and bookkeepers that often leave them in the dark, or spend hours on DIY finance,” the company said in a news release announcing “Collective Accounting” Tuesday (March 19). “With today’s release, Collective has solidified itself as a third option, one that fuses human expertise with the efficiency of AI technology.”
The Digital Media Collective (TDMC) has been named a Google Premier Partner across Southern Africa for the third consecutive year.
Rossendale Council choose Collective for waste management.
T&T Hospitality Services, a Colorado-based hospitality company, purchased the Collective at Vancouver, fully occupied by Home Depot in Vancouver, Washington, from a private developer for $21.1 million.
Collective is Hiring for 11 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Collective
Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
201-500
Company Stage
Early VC
Total Funding
$78.7M
Headquarters
San Francisco, California
Founded
2020
Collective is Hiring for 11 Jobs on Simplify!
Find jobs on Simplify and start your career today