Collective, which uses AI to automate bookkeeping for solo business owners, raised a $40M Series B and $60M in nondilutive capital from GC's Customer Value Fund (Natalie Breymeyer/Axios)

Collective, a financial services platform for solo business owners that uses AI to automate bookkeeping, raised $100 million in financing consisting of a $40M Series B and $60M in nondilutive capital from GC's Customer Value Fund, CEO Hooman Radfar told Axios.