Collective Hub

Collective Hub

S-Corp tax savings with back-office bookkeeping

About Collective Hub

Simplify's Rating
Why Collective Hub is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

Financial Services

Company Size

201-500

Company Stage

Early VC

Total Funding

$78.7M

Headquarters

San Francisco, California

Founded

2020

Overview

Collective Hub helps self-employed entrepreneurs save money on taxes by organizing their business as S Corporations and offering an all-in-one, membership-based financial solution. Prospective members answer questions to assess fit, are matched with a Collective Advisor, and then receive a personalized back-office system that includes monthly bookkeeping and payroll, plus access to a dedicated finance team and a Member Relationship Manager who deliver a monthly reporting package. Its approach bundles tax planning with included back-office services and personalized guidance, and the membership is tax-deductible and often pays for itself within a few months. The goal is to save time and money on business taxes for self-employed entrepreneurs by providing comprehensive, ongoing financial support.

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Simplify's Take

What believers are saying

  • AI agents automate expense categorization and cash flow forecasting post-Open Ledger.
  • 30 million US solopreneurs face rising back-office burdens Collective resolves.
  • Tax-deductible $95 monthly fee recoups via S Corp savings in months.

What critics are saying

  • Intuit QuickBooks Solo launches May 1, 2026, undercuts with free AI bookkeeping.
  • IRS Section 199A reforms cap S Corp deductions, eroding core value by 2027.
  • Open Ledger founders depart within 6-12 months, delaying AI roadmap.

What makes Collective Hub unique

  • Collective integrates S Corp formation, AI bookkeeping, and payroll for solopreneurs.
  • Open Ledger acquisition on April 24, 2026, embeds AI accounting APIs natively.
  • Membership model delivers monthly tax reports and dedicated advisors seamlessly.

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Funding

Total Funding

$78.7M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

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

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

2%
People's World
Apr 24th, 2024
'Warning! This product supports genocide': Michigan group aims to educate consumers

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.

PYMNTS
Mar 19th, 2024
Collective Debuts Ai-Powered Accounting Tool For Solopreneurs

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 Media Online
Feb 28th, 2024
TDMC named Google Premier Partner for third consecutive year

The Digital Media Collective (TDMC) has been named a Google Premier Partner across Southern Africa for the third consecutive year.

Bartec Municipal Technologies
Dec 11th, 2023
Rossendale Council choose Collective for waste management

Rossendale Council choose Collective for waste management.

CoStar
Nov 9th, 2023
T&T Hospitality Services Purchases Washington State Office Building

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.

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