Open Collective

Open Collective is an open-source crowdfunding and financial management platform founded in 2015.

It enables grassroots groups, open-source projects, and nonprofits to raise, manage, and disburse funds transparently without needing to establish a separate legal entity. The platform offers tools for fundraising, fiscal hosting, budget management, expense reimbursement, grant management, and event ticket sales, fostering trust within communities around financial activities. The primary service, fiscal hosting, allows communities to collect and spend money under the legal status of a "Fiscal Host," simplifying financial coordination. Open Collective supports over 7,000 groups, including open-source communities, mutual aid organizations, climate activism movements, and cooperatives, facilitating approximately $35 million in annual transactions. The company is governed by the Open Finance Consortium, which manages the classic platform, while a web3 platform is set to launch in 2025. Open Collective has approximately 17 employees and has been profitable since 2020.