Kabilio raises €10M to expand AI accounting platform and introduce AI agents

Spanish AI accounting platform Kabilio has secured €10 million in funding to expand its services and introduce AI agents to automate accounting workflows. The investment, led by Picus Capital and Visionaries, brings the company's total funding to €14 million since its launch. Kabilio's platform, co-founded by Jose Ojeda and Álex Valls, aims to automate administrative and financial processes for accounting firms and their small business clients.

Their AI reads invoices, suggests entries, matches bank transactions, and prepares reconciliations, reducing bookkeeping time by up to 60%. The company has already piloted the technology with several firms and launched Kabilio Empresas, allowing small businesses to manage their finances and share data with their accounting firms in real time.

Kabilio plans to extend its AI agent to small business clients, enabling them to issue invoices, follow up on overdue payments, and answer accounting and tax questions. With nearly 500 accounting firms and 80 employees, Kabilio is set to revolutionize the accounting industry with its innovative technology and AI-driven solutions.