Barcelona’s Kabilio raises €10M to bring AI agents to accounting firms
Barcelona-based accounting technology startup Kabilio has raised €10 million to expand its AI-powered platform for accounting firms. The funding round was led by Picus Capital and Visionaries, with participation from CDTI, Spain’s public agency for technology and innovation.
The two lead investors also backed Kabilio’s €4 million pre-seed round. The latest investment brings the company’s total funding to €14 million.
Over the past year, Kabilio has expanded from serving around 100 accounting firms to nearly 500. Its workforce has also grown to approximately 80 employees.
Automating repetitive accounting work
Kabilio is focused on reducing the administrative workload faced by accounting firms. In Spain and other European markets, many small businesses outsource bookkeeping and tax management to external accountants. These firms often spend significant time sorting invoices, matching payments and requesting missing documents from clients.
Kabilio’s software reads invoices, recommends how transactions should be recorded, matches them with bank movements and identifies potential inconsistencies. Accountants remain responsible for reviewing and approving the results.
According to the company, the platform can reduce the time spent on bookkeeping and bank reconciliation by around 60%.
“Nobody becomes an accountant to chase receipts, and nobody starts a business to do paperwork,” said José Ojeda, Kabilio’s co-founder and co-CEO.
A new AI agent for accounting firms
Kabilio plans to use the new capital to develop an AI agent capable of handling complete workflows rather than assisting with individual steps. The product is designed to operate like a digital team member under the supervision of an accountant.
The agent will be able to collect invoices and bank statements from inboxes, reconcile accounts, verify entries and identify missing information. It will also communicate with clients through channels such as email and WhatsApp to request documents or resolve gaps.
Accounting professionals will retain control over the system. They can provide instructions in natural language and determine how much autonomy the agent receives for each client. Several firms are already testing the technology as it moves into beta.
Connecting accountants with small businesses
Kabilio is also extending its platform to the clients of accounting firms. Its Kabilio Empresas product allows small businesses to create invoices, connect bank accounts and monitor cash flow within the same system used by their accountant.
This shared environment gives business owners access to more current financial information instead of waiting until tax deadlines or periodic reporting dates. It also helps accountants receive documents and transaction data as they become available.
In the future, Kabilio intends to make its AI agent available for more business-facing tasks. Potential uses include issuing invoices, reminding customers about overdue payments and responding to routine tax questions.
Businesses will access these capabilities through their accounting firm, which will define the agent’s permissions and limits.
“An agent is only as good as the data it works on,” said Álex Valls, Kabilio’s co-founder and co-CEO.
Growing competition in AI accounting
Kabilio is expanding in an increasingly competitive market as startups and established financial services companies invest in AI tools for accounting and payments. Belgian startup Ravical has raised $17 million for its own AI platform aimed at accounting firms, while Visa has been testing agents designed to pay supplier invoices.
With its latest funding, Kabilio aims to strengthen its position by combining accounting automation, client collaboration and supervised AI agents within a single platform.
