Summary
Source: Tech.eu Read the original article
What this means for you
Kabilio's €10 million funding round, led by Picus Capital and Visionaries, signals growing investor confidence in AI tools for the accounting sector. For Chinese readers in the US, the platform's focus on automating invoice processing, bank transaction matching, and reconciliation could eventually affect how small businesses and accounting firms handle financial paperwork, though the article notes the technology is still in pilot phases with several Spanish firms. The system's design to keep accountants responsible for reviewing AI-generated results means users should expect a transition period where human oversight remains central. Additionally, the launch of Kabilio Empresas, which enables real-time cash flow monitoring and document sharing between businesses and their accountants, may offer a glimpse into future workflows that integrate AI-driven data structuring into everyday financial management.
Spanish AI accounting
platform Kabilio has raised €10 million in a funding round led by Picus Capital
and Visionaries, with participation from CDTI, Spain's public agency for
technological innovation. The investment brings the company's total funding
since launch to €14 million. Picus Capital and Visionaries also led Kabilio's
pre-seed round.
Founded by Jose Ojeda
and Álex Valls, Kabilio develops an AI-powered platform
designed to help accounting firms and their small business clients automate
administrative and financial processes.
In Spain, as in much of
Europe, small businesses typically outsource their bookkeeping and tax-related
work to external accounting firms. These firms often manage large volumes of
invoices, bank transactions and financial documents, with many processes still
requiring manual input and reconciliation.
Kabilio aims to reduce
this administrative workload by automating repetitive accounting tasks while
keeping accountants responsible for reviewing and approving the results.
Its platform uses AI to
read invoices, suggest accounting entries, match bank transactions and prepare
reconciliations, while identifying cases that require professional attention.
The system works alongside firms' existing software, allowing accountants to
review and approve information rather than enter it manually.
According to the
company, its technology reduces the time spent on bookkeeping and
reconciliation by approximately 60 per cent. The platform also structures
financial documents, transactions and accounting entries as data, recording
firms' rules and decisions to support further automation.
Kabilio is introducing
an AI accounting agent designed to automate workflows such as retrieving
invoices, reconciling transactions, validating entries and requesting missing
documents through email and WhatsApp. Accountants can assign tasks using
plain-language instructions and control the agent's level of autonomy. Several
firms are already piloting the technology.
The company has also
launched Kabilio Empresas, a platform that allows small businesses to issue
invoices, connect bank accounts and monitor cash flow while sharing financial
data with their accounting firms in real time. Fiscalidad Inteligente and
Alemany Assessors are already using the platform to manage a large part of
their client portfolios.
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,
said Álex
Valls, co-founder and co-CEO of Kabilio.
In a later phase,
Kabilio plans to extend its AI agent to small business clients, enabling it to
issue invoices, follow up on overdue payments, request missing receipts and
answer routine accounting and tax questions.
Kabilio currently works
with nearly 500 accounting firms, compared with 100 a year ago. Its customers
include Adlanter, Solfico and Gemap, with the latter two belonging to the
iusTime group. The company has also expanded its team to 80 employees, more
than half of whom work in product and engineering.
The new funding will
support Kabilio's next development phase, including the rollout of its AI
accounting agent, further automation of accounting workflows and the expansion
of its shared platform for accounting firms and small businesses.
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