Kabilio Raises €4 Million to Scale AI Accounting Platform Across the EU
Spanish accounting tech startup Kabilio has secured €4 million in pre-seed funding to expand its AI-driven accounting and tax automation platform. The round was led by Visionaries Club and Picus Capital, with €200,000 in public backing from ENISA. Founded in 2024 by José Ojeda and Álex Valls, Kabilio aims to help accounting firms and their SME clients reduce manual workflows and improve efficiency through automation. The company is already being used by nearly 100 accounting firms in Spain, with early users reporting productivity gains of up to 50% by automating routine tasks such as invoice processing, bank reconciliation, and real-time collaboration with clients.
The Spanish accounting market presents a significant opportunity for digital transformation. The country has roughly 65,000 accounting and tax advisory firms serving millions of SMEs and freelancers, many of which still rely heavily on manual processes for day-to-day financial operations. In typical workflows, clients send invoices and bank statements to their accountants via email or cloud storage. Accountants must then manually match transactions, prepare entries, and manage back-and-forth communication to resolve discrepancies or gather missing information. This process is not only time-consuming but also prone to errors, creating inefficiencies that affect both accounting firms and their clients.
Kabilio addresses these challenges by offering AI-powered automation that integrates directly with clients’ financial data. The platform is designed to process invoices with around 97% accuracy, eliminating much of the manual data entry that traditionally consumes accountants’ time. It can handle complex tax cases such as intra-community VAT and reverse charge mechanisms, which are particularly relevant for businesses engaged in cross-border trade within the European Union. The system also automatically reconciles bank transactions from more than 99% of Spanish banks, reducing the need for manual matching and verification.
One of the platform’s key features is its invoicing module, which is compliant with Spain’s Verifactu standards. This ensures that businesses meet regulatory requirements while synchronizing data in real time with their accounting firms. By automating the upload and processing of financial documents, the platform eliminates the need for manual file transfers and reduces the volume of emails between clients and accountants. This real-time synchronization gives both parties immediate visibility into financial data, enabling faster decision-making and more responsive service.
The company is also developing an AI assistant named Kabi, currently in pilot phase, which allows users to query financial data using natural language. In future updates, this assistant may be able to perform automated actions based on user requests, further reducing the manual workload for accounting professionals. By combining automation with a user-friendly interface, the platform helps accounting firms focus on higher-value advisory work while giving SMEs greater control and transparency over their finances.
The €4 million funding round provides Kabilio with resources to scale its operations across Spain and accelerate product development. The investment will support expansion of the company’s engineering, product, and customer support teams, allowing it to build out additional features and improve the platform’s capabilities. The funding also enables increased marketing and sales efforts, particularly in regions where accounting firms face significant workflow inefficiencies and may benefit most from automation tools.
Kabilio’s growth strategy reflects broader trends in the accounting sector, where firms are increasingly seeking to reduce repetitive tasks and focus on strategic advisory services. The adoption of AI and automation tools allows accounting practices to manage growing client demands without proportionally increasing staff or operational costs. For SMEs, these platforms offer better financial visibility and more efficient collaboration with their accountants, reducing the administrative burden of financial management.
Spain’s accounting market is relatively fragmented compared to some other European countries, which creates opportunities for early movers to capture significant market share. The platform’s deep integration with local regulatory requirements and banking systems gives it an advantage in serving Spanish clients, where compliance with specific tax rules and reporting standards is essential. As accounting firms look for ways to differentiate themselves and improve service delivery, solutions that combine automation with regulatory compliance become increasingly attractive.
Despite its potential, the company faces several challenges as it scales. Regulatory complexity in the accounting and tax sector requires continuous adaptation to changing rules and standards. Spain’s tax system is particularly intricate, with different requirements for various business types, transaction categories, and regional variations. Keeping the platform updated to reflect these changes while maintaining accuracy and reliability demands ongoing investment in legal expertise and technical development.
Convincing accounting firms to adopt new AI workflows also requires careful change management. Many firms have established processes and may be hesitant to trust automated systems with sensitive financial data. Building this trust requires not only demonstrating the technology’s accuracy and reliability but also providing robust training and support to help firms transition their workflows. The human element of change management can be as challenging as the technical implementation itself.
Data security and reliability are critical concerns given that the platform handles sensitive financial information for thousands of businesses. Any security breach or data loss could have serious consequences for both the company and its clients. The company must invest in robust security infrastructure, regular audits, and compliance with data protection regulations to maintain client trust and meet legal obligations.
The company must also balance its focus on the Spanish market with plans for eventual international expansion. While the current priority is to establish a strong presence in Spain, expanding to other European markets will introduce new compliance requirements, language considerations, and local banking integrations. Each market has its own regulatory framework and business practices, requiring significant localization effort and investment.
Looking ahead, Kabilio plans to expand its customer base across Spain while rolling out advanced features including the full version of the Kabi AI assistant. The platform’s core aim remains automating repetitive accounting processes and enhancing collaboration between SMEs and accounting firms, allowing advisors to focus on higher-value services such as strategic planning, tax optimization, and business advisory. By continuing to refine its AI technology and user experience, the company is positioning itself to play a significant role in the digital transformation of Spanish accounting workflows.
The €4 million pre-seed investment for Kabilio validates the market opportunity that the company has identified and provides the resources needed to execute its growth strategy. As more accounting firms recognize the benefits of automation and clients demand more transparent and efficient financial management, platforms like this are well-positioned to capture a growing segment of the market. The company’s success will ultimately depend on its ability to deliver consistent value, maintain high accuracy and security standards, and adapt to the evolving needs of both accounting professionals and their SME clients in an increasingly digital business environment.
