Collective Receives $50 Million Investment

Collective, founded by Uğur Kaner and Buğra Akçay, raised $50 million in Series B funding. Sound, Innovius Capital, General Partnership, Expa, Gradient Ventures, General Catalyst, Better Tomorrow Ventures and QED participated in this investment round. The startup, which develops financial solutions for freelancers, was founded by Hooman Radfar, Uğur Kaner and Buğra Akçay. It is a startup that offers freelancers with their own small businesses the opportunity to start a company and save on taxes. The financial management platform last received an investment of 20 million dollars in May 2021. Collective received a total of $82 million in funding with the new investment.

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Collective

Collective aims to grow its team with the investment. It will also launch a new AI-based financial management solution. The financial management platform increased its revenues 10 times in 2 years with the investment it received in 2021. The startup will soon launch its new AI-powered financial management solution. It will continue to grow rapidly with this new solution. The platform offers free consultancy services from a tax advisor at a subscription price of 299 dollars per month. It also provides services such as creating an operating agreement, business income tax return, annual salary recommendations and quarterly tax forecasts. It works to facilitate the work of freelancers. The startup, which will expand its operations with new investment, aims to offer the following opportunities to its customers;