Kabilio raises €10M to launch AI agents for accounting firms

New funding for AI expansion

Spanish startup Kabilio recently secured €10 million in a new funding round to scale its AI-driven accounting platform. The investment was led by Picus Capital and Visionaries, with additional backing from CDTI, Spain's public agency for technological innovation. This latest injection of capital brings the company's total funding since its launch to €14 million.

The company was founded by Jose Ojeda and Álex Valls to address the heavy administrative burden faced by accounting firms. In many parts of Europe, small businesses typically outsource their tax and bookkeeping tasks to these external firms. This creates a massive volume of manual work involving invoices, bank transactions, and various financial documents that require human reconciliation.

Kabilio intends to use the new funds to develop its next phase of products, specifically focusing on AI agents. The startup is also expanding its team, which now totals 80 employees. More than half of these staff members are dedicated to product and engineering roles to support this growth.

How the platform automates tasks

The core technology of Kabilio works by converting financial documents and transactions into structured data. It uses artificial intelligence to read invoices, suggest specific accounting entries, and match bank transactions. By recording the specific rules and decisions of a firm, the system learns how to handle recurring tasks automatically.

The platform is designed to work alongside the software that accounting firms already use. Instead of manually entering every piece of data, accountants can review and approve the information provided by the AI. This setup allows the technology to handle the repetitive 'busy work' while keeping the human professional in charge of the final output.

According to the company, this method reduces the time spent on bookkeeping and reconciliation by approximately 60 per cent. By automating these high-volume tasks, firms can manage larger client portfolios without needing to increase their manual workload proportionally. Several firms, including Fiscalidad Inteligente and Alemany Assessors, are already piloting this technology.

Introducing AI accounting agents

A major part of the new funding will go toward launching AI accounting agents. These agents are designed to handle complex workflows rather than just single data points. They can perform actions such as retrieving invoices, validating entries, and reconciling transactions across different platforms.

One of the most notable features of these agents is their ability to communicate directly with clients. They can send emails or WhatsApp messages to request missing documents or follow up on outstanding items. Accountants can assign these tasks using plain-language instructions and choose the specific level of autonomy they want the agent to have.

The company emphasizes that the effectiveness of these agents depends on high-quality data. To solve this, they are bringing clients onto a shared platform called Kabilio Empresas. This allows the firm to see a payment or invoice the moment it happens, giving the AI agent the immediate information it needs to act.

Impact on small businesses

Kabilio Empresas is a specific platform designed to help small businesses manage their own day-to-day finances. It allows these businesses to issue invoices, connect their bank accounts, and monitor their cash flow in real time. Crucially, it shares this financial data directly with their external accounting firms to ensure everything stays synchronized.

In the next phase of development, Kabilio plans to extend its AI agents directly to small business owners. These agents will be able to issue invoices, follow up on overdue payments, and request missing receipts automatically. They will also be capable of answering routine questions regarding taxes and accounting for the business owners.

The goal is to create a seamless loop where the business owner interacts with an AI agent for daily tasks, and the accounting firm receives the organized data instantly. As co-founder Álex Valls noted, the firm is freed from busy work while clients feel the difference in the speed of service.

Growth and market reach

Kabilio has seen significant growth in its user base over the last year. The company currently works with nearly 500 accounting firms, a substantial increase from the 100 firms it served just one year ago. This growth indicates a growing trust in AI-assisted accounting within the Spanish and broader European markets.

The company's client list includes several notable names, such as Adlanter, Solfico, and Gemap. Two of these clients, Solfico and Gemap, are part of the iusTime group. These partnerships provide the company with a diverse range of use cases to refine its automation rules and agent behaviors.

Moving forward, Kabilio will focus on further automating accounting workflows and expanding its shared platform. The company aims to solidify its position as a primary tool for both the firms providing the services and the small businesses receiving them. The next steps involve refining the agent's ability to handle complex, multi-step instructions from human users.