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 VChttps://techcrunch.com/2021/05/12/collective-a-back-office-for-the-self-employed-raises-20m-from-ashton-kutchers-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
 
25:56 – Xero FY21 revenues rise 18% to £432m | Newshttps://www.accountancytoday.co.uk/2021/05/13/xero-fy21-revenues-spike-18/
 
 
Xero’s FY21 through the eyes of our customers and people | Xero Bloghttps://www.xero.com/blog/2021/05/fy21-through-their-eyes/
 
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 Globehttps://www.bostonglobe.com/2021/05/09/opinion/hybrid-workplace-probably-wont-last/


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