Fintech startup Collective announced a $100 million Series B round led by General Catalyst, aimed at expanding its AI‑powered platform for solo entrepreneurs and small businesses. The funding will accelerate development of automated tax filing, payroll processing, and compliance tools that leverage machine‑learning models to reduce manual effort and error rates. Collective’s solution integrates directly with popular accounting software, offering real‑time insights and predictive cash‑flow forecasting.

The infusion reflects growing investor confidence in AI‑driven financial automation, a sector poised to capture a larger share of the $1.2 trillion SMB services market. By streamlining back‑office operations, Collective hopes to free up founders to focus on growth, while also positioning itself as a one‑stop compliance hub for the gig economy.

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