Kabilio, a Barcelona-headquartered firm tackling the tedious side of accounting work, has closed a €10M funding round led by Picus Capital and Visionaries, with participation from CDTI, Spain's public technology and innovation agency. The round marks a significant milestone for the company, which has expanded from roughly 100 client accounting firms to approaching 500 in the past year and grown its workforce to 80 people.
Both lead investors had already backed Kabilio's €4M pre-seed round twelve months earlier, bringing the company's cumulative funding to €14M. The fresh capital will fuel development of autonomous AI agents designed to handle entire accounting tasks with minimal human intervention—a shift from Kabilio's current role as an intelligent assistant that accountants review and approve.
Across Spain and much of the European continent, small businesses typically outsource their accounting to external firms, where staff still spend considerable time manually sorting invoices and reconciling payments. Kabilio's existing platform addresses this bottleneck by reading invoices, proposing booking entries, matching bank transactions and identifying discrepancies, allowing accountants to focus on review and sign-off rather than data entry. The company reports that its technology cuts bookkeeping and reconciliation time by approximately 60%.
Nobody becomes an accountant to chase receipts, and nobody starts a business to do paperwork
Jose Ojeda, Kabilio co-founder and co-CEO
The newly funded agent represents the next evolutionary step. Rather than serving as a tool accountants use, the agent will take on complete tasks—gathering invoices and bank statements from email and messaging apps, reconciling accounts, verifying entries, identifying missing information, and even reaching out to clients via email or WhatsApp. The agent enters beta testing this month, with several accounting firms already piloting the technology. Accountants retain full control, issuing instructions in natural language and determining, on a per-client basis, how autonomously the agent may operate.
Kabilio is also expanding its platform to include the accountants' clients. Launched in September, Kabilio Empresas enables small businesses to generate invoices, connect their bank accounts and monitor cash flow within the same system their accountant uses. This integration means accountants receive updated financial data continuously rather than waiting until tax season.
The company's roadmap includes extending the agent's capabilities to serve small business clients directly—sending invoices, reminding customers of overdue payments and answering routine tax questions for business owners. Access to this client-facing functionality flows exclusively through the accountant, who establishes boundaries on what the agent can do.
An agent is only as good as the data it works on
Álex Valls, Kabilio co-founder and co-CEO
Kabilio operates in an increasingly crowded space. Belgian competitor Ravical announced a $17M seed round last week for its own AI platform targeting accounting firms, while Visa is testing AI agents capable of processing supplier invoice payments.
Source: The Next Web
