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Today marks an exciting milestone for Collective, a financial services organization helping independent workers navigate their finances in a progress-driven and secure manner. Just months after launching their innovative platform, the company has secured $50 million in funding to bolster their offerings.
The infusion of new capital will be used to further develop Collective’s freelancer-focused finance platform, which is driven by AI technology. The platform uses an innovative approach to provide fully customized financial planning services tailored to the independent worker.
The platform offers a range of features, such as automated bookkeeping, risk assessments, tax optimization and investment advice. All of these features leverage Collective’s unique AI algorithms to provide the best financial guidance possible for freelance workers.
Aside from the convenience and cost-savings that come with relying on AI technology, Collective also provides a more secure platform. The platform comes with powerful data security measures including encryption, tokenization, multi-factor authentication, continuous authentication and other layers of security to keep sensitive financial information safe and secure.
With this new round of funding, Collective is planning to expand its presence in the market, develop new tools, and expand its team. The company is looking to continue building on its existing achievements that have made it stand out in the highly competitive world of freelancing.
We are eager to see what comes next from Collective and excited to see how their platform continues to empower freelance workers with the abilities to manage their finances safely and cost-effectively.
