Open Collective

What is Open Collective?

A web-based platform that enables groups and communities to pool financial resources, track spending, and maintain financial transparency without the need for a formal legal entity or dedicated bank account. The platform allows users to collect funds, make payments, and generate detailed reports on income and expenses, ensuring all financial activities are visible to participants. This versatile solution supports a wide range of use cases, from funding open-source projects to managing community initiatives and organizational budgets

Highlights

• Enables financial pooling and resource management for groups and communities
• Facilitates transparent tracking of funds, income, and expenses
• Eliminates the need for a dedicated legal entity or bank account
• Supports diverse use cases, including open-source projects, community initiatives, and organizational budgets
• Provides detailed financial reporting capabilities for enhanced visibility and accountability