Kabilio raises €4M to streamline accountant–client collaboration via AI

Barcelona-based Kabilio, a company utilizing AI to automate accounting and tax processes, has secured a €4 million pre-seed round. This funding, spearheaded by Visionaries Club and Picus Capital, is a significant boost for Kabilio and underlines growing interest in AI-driven solutions for the financial sector. The company's innovative approach aims to enhance collaboration between accounting firms and their clients. Kabilio's platform offers three main tools: intelligent invoice processing with 97% accuracy, advanced bank reconciliation supporting secure links to nearly all Spanish banks, and a Verifactu-compliant invoicing tool for SMEs. These tools streamline information exchange and automate processing, enabling complete entries that integrate with existing accounting software. Almost 100 accounting firms are already using the platform, reporting productivity gains of up to 50%. The new funding will allow Kabilio to expand its team, develop new features and products, and accelerate its expansion within the Spanish market. With the Spanish market containing approximately 65,000 accounting and tax advisory firms, the platform has the potential to impact many small and medium-sized enterprises (SMEs) and self-employed workers. This development highlights the ongoing digital transformation within the European financial sector, driven by AI.