Collective Raises $20 Million To Not Be An "Accounting Firm"

We've got a lot to talk about today, including how accounting first-year salaries are on the rise, and what Kabbage did to become under investigation for PPP fraud. In raises, we've got news on Collective's $20 million raise (in part from Ashton Kutcher) to support conquering the S corp freelancer market, and Relay Financial's $19 million raise to support their modern banking services focused on the accountant's use case, while Lili raises a cool $55 Million for helping freelancers tackle their expenses, and access credit. We're also talking about employee engagement in light of WeWork's CEO's comments on the subject, and diving into the subscription-based world we now find ourselves in. All this and much more!

Show Notes

02:15 – $58,508: The Average Starting Salary for New Accounting Grads
3:44 – Fintech Startup Offers $500 for Payroll Passwords 
6:07 – Railz Raises $12 Million Toward API Development
11:37 – Collective, a back-office platform for the self-employed, raises $20M from Ashton Kutcher’s VC
14:37 – Announcing Collective $20M Series A to Support the Rise of Businesses-of-One — Collective Blog

15: 51 – Blake’s discussion on Collective with CAP listener, Michael Eckstein
17:29 – The Collective Disclaimer
20:45 – Banking App Lili Raises $55 Million To Help Freelancers Tackle Expenses, Access Credit
Xero’s FY21 through the eyes of our customers and people | Xero Blog
Xero’s full year 2021 financial results
32:25 – Digital bank Relay raises $19.4 million to automate financial management for small business
37:55 – Sage's profits fall 30%, but accounting software boosts organic revenues | This is Money
39:50 – Introducing the Subscription Economy Income Statement
42:52 – WeWork CEO Says Least Engaged Employees Enjoy Working from Home
45:07 – Driving Engagement in a Remote Work World
46:53 – The hybrid workplace probably won’t last - The Boston Globe

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040

Need Accounting Conference Info? 

Check out our new website -

Limited edition shirts, stickers, and other necessities


BKX Conference:
Accounting Podcast Network:

Go here to create your classified ad:  

Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info.

Full Transcript Available Upon Request -
Collective Raises $20 Million To Not Be An
Broadcast by