Collective is a fintech company founded in 2018 and headquartered in San Francisco. It operates an all-in-one financial platform and back-office service for freelancers, solopreneurs and businesses-of-one, covering company formation (including LLC setup and S-Corp election), automated bookkeeping, payroll management and tax preparation. The platform launched in September 2020 and serves over 12,000 members, typically self-employed entrepreneurs earning $100,000 or more a year.
Technically, the company works across fintech and financial automation, with particular emphasis on AI-powered accounting, bookkeeping automation, and payroll and tax preparation software. Following the acquisition of Open Ledger, Collective introduced what it describes as the first AI-powered integrated accounting suite designed specifically for businesses-of-one.
Collective's stated aim is to give self-employed entrepreneurs the same tax savings and financial infrastructure available to large corporations, so that members can concentrate on their work rather than paperwork. The company reports that it is actively building both its technology and its team.
