Who Led Kabilio's €10 Million Funding Round?
Barcelona startup Kabilio has raised €10 million in a round led by Picus Capital and Visionaries, with Spain’s public technology agency CDTI also taking part. The money will fund the company’s next product: an AI agent that accounting firms can hand entire tasks to, much as they would a new hire.
Both lead investors also backed Kabilio’s €4 million pre-seed round a year ago. With the new money, the company’s total funding rises to €14 million. Since then, Kabilio has grown from about 100 accounting firms to nearly 500, and its team has expanded to 80 people.
The company is targeting a part of the business that many small companies would rather not think about. Across Spain and much of Europe, small businesses hand their books and taxes to outside firms. Much of that work still involves sorting invoices and matching payments by hand.
How Much Time Does Kabilio's Software Save Accountants?
Kabilio started with that routine. Its software reads invoices, suggests how to book them, matches bank transactions and flags anything unusual. The accountant reviews and signs off. Kabilio says this saves accountants about 60% of their bookkeeping and reconciliation time.
“Nobody becomes an accountant to chase receipts, and nobody starts a business to do paperwork,” said Jose Ojeda, Kabilio’s co-founder and co-CEO.
What Can Kabilio's New AI Agent Do for Accounting Firms?
The new AI agent is designed to take on whole tasks. It will gather invoices and bank statements from inboxes, reconcile accounts, check entries and chase gaps, including messaging clients by email or WhatsApp. The agent enters beta this month, and several firms are already testing it. Accountants control how it operates. They give it instructions in plain language and decide, client by client, how much it may do on its own.
Kabilio is also moving the firms’ clients onto the same platform. Kabilio Empresas, launched in September, lets small businesses issue invoices, link their bank accounts and track cash flow in the system their accountant uses. The firm sees new figures as they arrive rather than at tax time.
Later, the company plans to point the agent at those businesses too. It would send invoices, nudge late payers and answer everyday tax questions for owners. Clients can join only through their accountant, who sets the agent’s limits.
“An agent is only as good as the data it works on,” said Álex Valls, Kabilio’s other co-founder and co-CEO.
Kabilio is entering a busy field. Belgian startup Ravical raised a $17 million seed round last week for its own AI platform aimed at accounting firms. Visa, meanwhile, is piloting AI agents that pay supplier invoices.
Cet article a été rédigé avec l'assistance de l'IA.
News Factory APP - actualités agentiques pour booster votre SEO et AEO.