What Collctiv does

Collctiv Ltd is a private UK-based fintech, headquartered in Manchester and founded in September 2019 by CEO Amy Whitell and CTO Pete Casson, that operates a mobile and web group payments platform. Users create free "collection pots" in seconds and distribute custom payment links or QR codes via WhatsApp, Messenger, email, SMS, or any other channel; contributors then pay into the pot using Apple Pay, Google Pay, or a card without downloading the app or creating an account. The platform processes payments through Stripe, Nuvei, and PayPoint (with funds held in safeguarded PayPoint customer accounts), uses Persona for organiser identity verification, and is hosted on Google Cloud Platform with data stored in London. The product has processed over £246m in cumulative group payments across 6.5 million transactions for 2.2 million users in 175 countries, with consumer use cases spanning gifts, holidays, sports team fees, work collections, weddings, and baby showers, and supplementary tools including a Secret Santa generator and a sports sweepstake generator. The company is free to use for personal UK users (with an opt-in 2% tip on withdrawals), charges a 3% transaction fee to business users (sole traders and limited companies) via Stripe or Nuvei, and monetises standard free, next-day (£2.50), and priority (£3.00) withdrawals alongside a £20 + VAT dispute administrative charge.

The go-to-market is product-led growth with a global self-serve footprint: iOS and Android apps on the Apple App Store and Google Play, a web platform at app.collctiv.com, and distribution driven by content marketing, SEO targeting PayPal Money Pools alternative searches, and organic social on Instagram, LinkedIn, and Pinterest. The company joined the Techstars NYC Accelerator in November 2022, launched in the US market in October 2022, expanded to a web platform in 2024, and has raised approximately $1.1M in disclosed funding across rounds led by GC Angels and Techstars since 2019. UK and global personal consumers are the primary customer segment; business users, sports teams, and grassroots clubs are secondary segments served by the same platform.

Name

Collctiv

Legal name

Collctiv Ltd

Website

https://collctiv.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Group Payments Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Activities Related to Credit Intermediation (5223)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)

akta.pro secondary industries

Payment Processing for Collections (Lockbox, ACH, Card, IVR) (FSAKAJAJ), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)

Keywords

• Group payments
• Peer-to-peer payments
• Money collection app
• Mobile payments
• Social payments platform

Headquarters

HQ city

Manchester

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Optional User Tips (Personal Users): Personal users in the UK are charged no fees. They are given the optional choice to tip 2% of their withdrawn amount to support ongoing Collctiv development. This tip is opt-in per transaction and non-refundable.
2. Business User Transaction Fee: Business users (including sole traders and limited companies using the app for any business purpose) are charged 3% (exclusive of VAT) of each payment made into a pot they organise. The fee is deducted at the point of payment via Stripe or Nuvei. Personal use by a business-registered user is also subject to the 3% fee.
3. Faster Withdrawal Fees: Standard withdrawals are free. Next day withdrawals cost £2.50 per withdrawal. Priority withdrawals (2-3 hours on working days) cost £3.00 per withdrawal.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Collctiv operates a mobile and web-based group payments platform that allows individuals to create free 'collection pots' and share payment links or QR codes with groups to collect money for events, gifts, trips, sports teams, and other social activities. Contributors pay instantly via Apple Pay, Google Pay, or card without downloading an app or creating an account. The platform is free for personal UK users with an optional 2% tip on withdrawals, while business users are charged a 3% transaction fee per payment into a pot.

Product overview

Collctiv offers a group payments platform centered on its core mobile app for iOS and Android, supplemented by a web platform. Users create 'collection pots' to gather money from groups for events, gifts, trips, and activities via payment links or QR codes. The platform integrates payment processing through Stripe, Nuvei, and PayPoint, supporting Apple Pay, Google Pay, Visa, and Mastercard. Free supplementary tools include a Secret Santa Generator and Sweepstake Generator for sports events. A Collctiv Choice Card feature enables gift card purchases directly from pots.

Differentiator

Problem solved

Functional benefit

Products and services

• Collctiv Mobile App Mobile application for iOS and Android that enables users to create free 'collection pots' and share payment links or QR codes to collect money from groups for events, gifts, trips, sports, and other activities. Integrates Apple Pay, Google Pay, Visa, Mastercard, and Amex.
• Collctiv Web Platform Web-based version of the Collctiv service accessible via collctiv.com and app.collctiv.com, allowing users to create and manage collection pots through a web browser without needing the mobile app.
• Secret Santa Generator Free standalone tool that generates Secret Santa pairings by allowing users to enter group member names, set exclusions for pairings, and send assignments to participants.
• Sweepstake Generator Free tool that randomly assigns sports teams to sweepstake participants for events such as the World Cup 2026, generating pairings and distributing entry fees into Collctiv pots.

Quantifiable outcome

• Over 2.2 million users across 175 countries
• +4 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core.

• StripecoreTechnology or IntegrationStripe Payments Europe Limited provides payment processing services for Collctiv. Business users enter into a direct relationship with Stripe at the point of app registration. Stripe also conducts identity verification checks for anti-money laundering compliance. Regulated by the FCA under licence number 900461.
• NuveicoreTechnology or IntegrationNuvei Financial Services Limited provides payment processing services as an alternative to Stripe. Collctiv uses both Stripe and Nuvei as payment services providers, giving the company flexibility in processing transactions.
• PayPointcoreTechnology or IntegrationPayPoint Payment Services Limited provides payment account services for Collctiv, specifically holding funds in safeguarded accounts designated as 'Collctiv (Customer Funds)'. PayPoint processes payments made with funds held in these accounts. Collctiv is identified as an Authorised Payment Institution by PayPoint.
• PersonacoreTechnology or IntegrationPersona provides identity verification checks for Collctiv's anti-money laundering compliance. When Organisers wish to withdraw funds to a bank account, Persona may require ID verification including official documents and residential address.
• Google Cloud PlatformcoreTechnology or IntegrationGoogle Cloud Platform hosts the Collctiv app and stores personal information on servers located in London, UK. All personal data is hosted within the United Kingdom.
• Google FirebasecoreTechnology or IntegrationGoogle Firebase provides app infrastructure for Collctiv, alongside its own terms of use and privacy policies.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Splitwise: Splitwise is the most established app for tracking and settling shared group expenses among friends. Like Collctiv, it targets social organisers collecting money from peers, though Splitwise emphasises post-hoc debt reconciliation while Collctiv focuses on upfront pot collection.
• Tricount: Tricount is a group expense-sharing app owned by bunq that allows groups to track shared costs and settle balances. It is a direct competitor in the European group-payments category, offering similar collection and splitting functionality to Collctiv but anchored inside a banking ecosystem.
• Settle Up: Settle Up is a mobile app for tracking and settling shared group expenses with multi-currency support and bank integrations. It directly overlaps with Collctiv's group-payment workflow and represents a comparable lightweight, app-first peer.

Broad incumbents

• PayPal: PayPal previously operated Money Pools, the product whose shutdown created Collctiv's primary market opportunity. PayPal remains the broad incumbent in P2P digital payments globally, with Honey and Venmo providing additional capability overlap.
• Venmo: Venmo is a US-leading P2P payments app owned by PayPal with social feed features and group-payment functionality. It serves a comparable social-organiser use case to Collctiv but as part of a much broader payments platform with hundreds of millions of users.
• Monzo: Monzo is a UK challenger bank with millions of customers that offers group bill-splitting and shared-tab features. Its embedded banking relationship gives it structural advantages over Collctiv on user retention and ARPU in the same UK group-payments category.
• Revolut: Revolut is a global digital bank offering P2P payments, bill splitting, and group vaults across 30+ countries. It competes with Collctiv for the same social-organiser use case but bundles the capability inside a multi-currency banking super-app.
• Cash App (Block): Cash App, owned by Block, is a US-dominant P2P and peer-to-business payments app with group features and a broad consumer brand. It is a broad incumbent in the social-payment category where Collctiv operates.
• Zelle: Zelle is a US bank-owned P2P payments network embedded directly into major US banking apps. It represents the structural incumbent threat for any group-payment app expanding into the US, given its zero-friction in-app integration.

Emerging players

• GoFundMe: GoFundMe is the leading personal and group fundraising platform with global reach. While focused on charitable and personal-cause fundraising rather than social collections, it intersects with Collctiv's pot-based collection model for events like memorials and community gifts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/collctiv
• Facebookfacebook.com/CollctivApp
• LinkedInlinkedin.com/company/collctiv
• Instagraminstagram.com/collctivapp
• Pinterestpinterest.co.uk/Collctiv

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Collctiv