Spanish accounting technology company Kabilio has raised €10 million to expand its AI-powered platform and introduce agents designed to automate routine work inside accounting firms. The round was led by Picus Capital and Visionaries, with participation from Spain’s public innovation agency CDTI. The company says the investment brings its total funding to €14 million. Kabilio plans to use the capital to develop agent workflows and strengthen the shared software used by accounting practices and their small-business clients.
Kabilio focuses on administrative work that accounting firms perform for businesses, including reading invoices, suggesting accounting entries, matching bank transactions and preparing reconciliations. These tasks can involve large volumes of documents and repetitive checks. The platform aims to reduce manual data entry while keeping accountants responsible for reviewing and approving the results. That division of work is important because accounting records have legal and financial consequences; automation can accelerate processing, but an incorrect entry can affect tax filings, cash-flow reporting or management decisions.
The company is adding an AI accounting agent that can handle workflows such as retrieving invoices, reconciling transactions, validating entries and requesting missing documents through email and WhatsApp. Accountants can assign tasks in natural language and determine how much autonomy the agent receives. The system is being piloted with firms, the company says’s announcement. This approach places the agent inside an existing professional workflow rather than asking a small business owner to operate a separate general-purpose chatbot for every accounting task.
The new agent targets invoice retrieval and account reconciliation
Kabilio says its platform reduces the time spent on bookkeeping and reconciliation by approximately 60 per cent. That figure is a company-reported result and should be evaluated against the type of firm, transaction volume and baseline process used in the measurement. Automation savings can vary significantly when invoices arrive in different formats, bank descriptions are incomplete or clients submit documents late. Firms adopting the system will need to understand which tasks are fully automated, which require review and how exceptions are surfaced to staff.
The company says it now works with nearly 500 accounting firms, compared with around 100 a year earlier, and has a team of 80 employees. More than half of its staff work in product and engineering, reflecting the software-intensive nature of the business. Its Kabilio Empresas product also gives small businesses tools to issue invoices, connect bank accounts and monitor cash flow while sharing financial information with their accounting firms. The aim is to reduce the delay between a transaction occurring and the accountant receiving the supporting data.
The shared platform could help solve a common source of inefficiency: accounting firms often receive documents and payment information through multiple channels, then manually reconcile them with client records. A common data environment can make the information available earlier and reduce repeated requests. But the benefits depend on secure bank connections, reliable document extraction, clear permission settings and consistent handling of client data. Firms will also need to check how the platform integrates with existing accounting packages and whether they can export records if they later change providers.
Audit trails and human approval remain essential in accounting
The use of agents raises governance questions beyond ordinary document automation. An agent that requests missing invoices or prepares reconciliation entries may be low risk when it operates in a draft state. The risk changes if it can submit tax documents, make payments or alter a ledger without review. Accounting firms should define approval thresholds, maintain logs of agent actions and ensure that staff can inspect the source documents behind each suggestion. Human review is not simply a temporary feature; it is part of professional accountability.
The new funding will help Kabilio expand product development and bring its agent workflows to more firms. The competitive test will be whether the platform provides dependable time savings without creating a new layer of oversight work. Firms will compare accuracy, exception rates, integration quality, data protection and the cost of adoption. Kabilio’s growth from roughly 100 to nearly 500 firms suggests rising demand, but sustained expansion will depend on customer retention and evidence that the automation performs reliably across different accounting practices and business sectors.