We built Collective with a singular belief – people who work for themselves deserve the same financial capabilities as the world’s largest companies.
Today, we’re announcing $100 million in new financing to build the financial operating system for the next generation of solopreneurs.
We are entering a new era of entrepreneurship, one where the size of your ambition is no longer limited by the size of your team. AI is making it possible for a single person to build what once required an entire company. The next generation of great businesses will look radically different from the last.
There are now 32 million solo businesses in America, generating nearly $2 trillion in annual revenue. Their numbers grew over 5% in 2024, more than twice the prior year’s pace. Behind each is a person who decided to bet on themselves. An idea. A risk. A chance to build a life on their own terms.
They deserve a financial platform that matches their ambition.
Our vision has been to deliver the outcomes of a world-class finance department with the simplicity and affordability of software. The power of an entire finance department, available wherever they work – AI-powered bookkeeping, taxes, payroll, and a CFO working 24/7, for a fraction of what it would cost to hire an entire team.
We’re bringing that vision to life with a self-driving financial operating system. It doesn’t just give you tools to manage your finances. It does the work for you, so you can focus on what only you can do.
This investment lets us go further, much faster. We’ll expand Collective to serve more kinds of businesses, including those with employees, use AI to take more of the work out of accounting, taxes, payroll, and support, and add new services to deliver on our vision of a complete financial platform.
We’re building Collective to back those who bet on themselves.
Since launch, we’ve helped our members save an estimated $350 million in taxes and an average of 80 hours per year. We’re proud of those numbers. But what matters more is what they make possible–more money to invest in a business, more time with family, and more freedom to build a life on their own terms.
To our members: The future of business is you. You’ve trusted us with your businesses, shared your challenges, and pushed us to be better. We know how much is at stake, and we’re committed to building something worthy of your ambition.
To our team: Behind every member is a dream, a livelihood, and a future they’re working to create. The work we do gives them more time, more opportunity, and more freedom. I’m proud of what we’ve built together, grateful to be building it with you, and convinced that our most important work is still ahead.
To our investors: Thank you for believing in our mission and the people bringing it to life.
It’s still Day 1.
We are at the start of one of the largest economic transformations in history. Together, we will shape this transformation into a future that empowers the individual. Together, we are Collective.
