Startup
Collective
Back office for one-person businesses in the US: entity formation, S corp election, bookkeeping, payroll and tax filing in one subscription with a named accountant, now adding AI bookkeeping through the Open Ledger acquisition.
| Founded | 2019, San Francisco |
|---|---|
| Founders | Hooman Radfar (CEO), Ugur Kaner, Bugra Akcay |
| Stage | Series B and later |
| Total funding | About $150m across 4 rounds |
| Last round | Growth round; investors include General Catalyst, Sound Ventures, QED, Expa and Gradient |
| Acquisitions | Open Ledger, AI bookkeeping |
| What it does | LLC and S corp formation, monthly bookkeeping, payroll, quarterly and annual tax filing, and a dedicated accountant and tax adviser for solo business owners |
| Traction | Tens of thousands of members; one of the largest tech-enabled accounting services for the self-employed in the US |
| Pricing | $349 a month, or $296 a month billed annually |
| Markets | US |
| Peers | Pilot, Bench, Kick, Zeni, Inkle |
Why it matters
Collective has raised about $150 million to sell a full back office to sole proprietors at $349 a month, one of the largest subscription accounting services for individuals in the US. Its acquisition of Open Ledger shows the human-plus-software model moving to agents to protect its margins.
Accountio coverage
Collective Acquires Open Ledger to Bolster AI-Driven Bookkeeping
Updated September 2026.
Part of Accountio’s accounting technology coverage.
