AI accounting platform Kabilio raises €10m
Kabilio, a Barcelona-based AI platform for accounting firms and the small businesses they serve, has raised €10 million in a funding round led by Picus Capital and Visionaries.
Barcelona-based AI accounting platform Kabilio has raised €10 million in a funding round led by Picus Capital and Visionaries. Tech.eu reports that the investment includes participation from CDTI, Spain's public agency for technological innovation, bringing the company's total funding since launch to €14 million. Picus Capital and Visionaries also led the company's pre-seed round.
Founded by Jose Ojeda and Álex Valls, Kabilio develops an AI-powered platform intended to help accounting firms and their small business clients automate financial and administrative processes. According to Tech.eu, the technology is designed to reduce administrative workloads by using AI to read invoices, suggest accounting entries, match bank transactions, and prepare reconciliations.
The system is intended to work alongside existing software, allowing accountants to review and approve information rather than performing manual data entry.
Brief written by urgent.news from Finextra, Tech.eu — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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