Collective Hub

Collective Hub

Financial services for self-employed entrepreneurs

About Collective Hub

Simplify's Rating
Why Collective Hub is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Seed

Total Funding

$76.5M

Headquarters

San Francisco, California

Founded

2020

Overview

Collective Hub provides financial solutions for self-employed entrepreneurs and small business owners, focusing on helping them save money on taxes by organizing their businesses as S Corporations. Members answer questions to determine if this structure is beneficial, and if so, they receive personalized guidance from a Collective Advisor. The company sets up a tailored back office system that includes monthly bookkeeping and payroll services, along with access to a dedicated finance team. Collective Hub operates on a membership model with an affordable monthly fee that is tax-deductible, aiming to simplify financial management for its members.

Simplify Jobs

Simplify's Take

What believers are saying

  • AI-powered tools enhance Collective's competitive edge in the financial services market.
  • The rise of remote work increases demand for online back-office platforms like Collective.
  • The expanding gig economy boosts Collective's potential customer base of self-employed individuals.

What critics are saying

  • Increased competition from AI-powered tools could challenge Collective's market position.
  • DIY finance platforms may reduce demand for Collective's services.
  • Economic downturns could decrease the number of self-employed individuals, impacting growth.

What makes Collective Hub unique

  • Collective offers an all-in-one platform for self-employed entrepreneurs' financial needs.
  • The company combines human expertise with AI technology for efficient accounting solutions.
  • Collective's membership model provides predictable revenue and fosters customer loyalty.

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Funding

Total Funding

$76.5M

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

3%

2 year growth

-23%
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
Dec 11th, 2023
Rossendale Council choose Collective for waste management

Rossendale Council choose Collective for waste management.

CoStar Group
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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