Kabilio, a Madrid-based artificial intelligence platform for accounting, has closed a €10 million funding round to accelerate development of AI agents capable of automating accounting workflows and deepening integration between accounting practices and their small business clients. Picus Capital and Visionaries led the round, joined by CDTI, Spain's government technology innovation agency. Combined with earlier funding, Kabilio has now raised €14 million since its inception. Both lead investors also backed the company's pre-seed stage.
Jose Ojeda and Álex Valls founded Kabilio to tackle a persistent challenge in European accounting: the reliance on manual processing of financial documents. Across Spain and much of the continent, small enterprises delegate bookkeeping and tax compliance to external accounting firms, which then spend considerable time handling stacks of invoices, bank statements and transaction records—much of it still done by hand.
The platform uses machine learning to extract data from invoices, propose journal entries, match transactions against bank records and generate reconciliation reports, while flagging items that need human judgment. Rather than replacing accountants, Kabilio positions itself as a tool that lets them review and approve automated suggestions instead of entering data manually. The company claims its system cuts bookkeeping and reconciliation time by roughly 60 percent. The platform also converts financial documents and transactions into structured data, learning from each firm's rules and decisions to enable further automation.
AI Agents and Real-Time Data Sharing
Kabilio is now rolling out an AI accounting agent that can execute tasks like fetching invoices, reconciling accounts, validating entries and requesting missing documents via email and WhatsApp. Accountants direct the agent using natural language commands and can adjust how much autonomy it has. Early adopters are already testing the technology.
The company has also unveiled Kabilio Empresas, a separate platform where small businesses can generate invoices, link their bank accounts, track cash position and share financial information with their accounting firms in real time. Two firms—Fiscalidad Inteligente and Alemany Assessors—are already deploying it across significant portions of their client bases.
An agent is only as good as the data it works on. That is why we are bringing the firm's clients onto the same platform: the moment a business issues an invoice or a payment hits its bank, the firm has it and the agent will be able to act on it. The firm is freed from busy work, and its clients feel the difference.
Álex Valls, co-founder and co-CEO of Kabilio
Looking ahead, Kabilio intends to extend its AI agent capabilities to small business clients themselves, enabling them to generate invoices, chase unpaid invoices, collect missing receipts and answer routine questions about accounting and tax matters.
Growth and Next Steps
Kabilio's customer base has grown substantially: the platform now serves nearly 500 accounting firms, up from 100 twelve months earlier. Clients include Adlanter, Solfico and Gemap, the latter two part of the iusTime group. The company has also scaled its workforce to 80 people, with more than half focused on product development and engineering.
The fresh capital will fund the next phase of growth, centered on deploying the AI accounting agent more widely, deepening automation across accounting workflows and expanding the shared platform that connects accounting firms with their small business clients.
Source: Tech.eu
