Founder
Collective
10/10Traction
Collective provides an AI-native financial operating system for self-employed professionals, combining automated bookkeeping, payroll, tax preparation, and entity formation with human expert oversight. The platform targets full-time solopreneurs earning over $60,000 annually, particularly those operating as S Corporations, and claims to save members an average of 80 hours per year.
- Financial Technology
- Artificial Intelligence
- AI Agents
- Software Only
- Enterprise Software
Updated yesterday
Funding
Raised to date
$118.7MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 4 rounds
+10$40M · Series B
Announced Oct 2026
Disclosed cumulative: $118.7M
4/4
RoundDateAmountValuationInvestors
Founders
Product
Problem
Self-employed professionals often lack the back-office infrastructure of larger companies, forcing them to juggle disconnected software for bookkeeping, payroll, and taxes while paying high fees to traditional CPAs. This patchwork approach consumes hundreds of hours annually, distracts from core business activities, and frequently results in missed tax savings and compliance risks.
Solution
Collective provides an AI-native, full-stack financial operating system designed specifically for solo business owners. The platform automates and coordinates financial workflows—including entity formation, bookkeeping, invoicing, payroll, tax preparation, and compliance monitoring—while integrating human expertise for oversight and guidance. By combining AI-powered automation with a dedicated team of licensed accounting professionals, Collective delivers the capabilities of a corporate finance department without requiring the business owner to build one. The system operates in the background, anticipating and executing financial tasks so members can focus on their work.
Target Audience
Primary customers are full-time solopreneurs and self-employed professionals—such as consultants, designers, artists, writers, and wellness practitioners—who earn over $60,000 annually and operate as S Corporations or are considering forming one to optimize tax savings.
Features
- AI-powered accounting suite with expert approval, automating expense categorization, reconciliation, and financial reporting
- S Corporation formation and election services, including late election relief for missed deadlines
- Automated payroll processing for S Corp owners, employees, and contractors, designed to maximize compliant tax savings
- Autonomous tax preparation and filing, including quarterly estimates and annual Form 1120-S returns, with ongoing optimization
- Integrated invoicing tools that streamline payment collection and reduce administrative overhead
- Business and health insurance coverage options integrated directly into the platform
- Support system combining AI automation (resolving 50% of requests autonomously) with a human team maintaining 4.5-star satisfaction
- Online dashboard providing real-time financial visibility and access to licensed tax and accounting professionals