Kabilio grabs €4M to build the next-gen AI assistant for accountants — TFN

Kabilio


Accounting firms across Spain still spfinish a huge amount of time on repetitive work: collecting invoices, matching bank statements, and monitoring compliance deadlines. It’s a system that slows down operations and builds it harder to keep talented professionals engaged, especially during the heavy quarterly workloads that dominate the sector.

Barcelona-based Kabilio wants to modify that. Founded in 2024, the startup has built an AI-driven platform that supports advisors and their clients work toobtainher more efficiently. It automates routine accounting and tax tquestions, freeing up time for professionals to focus on strategic advisory services instead of paperwork.

To accelerate its growth, Kabilio recently closed a €4 million pre-seed round led by Visionaries Club and Picus Capital, with an additional €200,000 in public funding from ENISA. The company plans to apply the capital to strengthen its team, develop new features, and expand its reach across Spain before shifting into other European markets.

AI built to resolve real problems in accounting

The company was founded by José Ojeda and Álex Valls, two entrepreneurs who know the startup landscape well. Ojeda has worked at McKinsey, Rocket Internet, and 011h, while Valls brings experience from Social Point, Exoticca, and 011h.

The idea for Kabilio grew out of their own experiences watching firms struggle to attract and retain talent. Many skilled accountants were leaving the field becaapply their time was consumed by repetitive administrative tquestions. Ojeda and Valls saw an opportunity to apply technology to relieve that burden, giving them tools to focus on the parts of the job that matter most.

“We saw firsthand the inefficient and stressful workflow between accounting firms and their clients—the familiar finish-of-quarter rush where advisors are overwhelmed with late and incomplete information. It’s a major pain point for everyone involved, and one we understood deeply.

With the recent advances in generative AI, we recognised a powerful new way to solve this long-standing problem. We saw a unique opportunity to apply cutting-edge technology to modernise a critical part of our economy, automating the most repetitive and time-consuming tquestions so advisors can focus on higher-value work,” declares Ojeda to TFN.

Kabilio’s platform applys generative AI to automate some of the most tedious parts of accounting. Firms can receive and process invoices from multiple channels, including email and cloud storage, and the system handles even complex cases such as intra-EU operations or reverse charge VAT. It learns from data over time, achieving an accuracy rate of around 97 per cent.

Ojeda adds, “By applying generative AI specifically to the Spanish accounting and tax framework, Kabilio automates complex, data-heavy tquestions with high reliability and contextual accuracy, maximising productivity while maintaining the trust, accuracy, and compliance that the sector demands.”

Another feature, advanced bank reconciliation, connects directly with nearly all Spanish banks and matches transactions to invoices automatically. Advisors can review and correct matches in a single interface, without manually requesting or uploading statements. For compact businesses and freelancers, Kabilio also offers a Verifactu-compliant invoicing tool that syncs data in real time with their accountants — avoiding back-and-forth email exmodifys.

Beyond automation, the company is piloting its AI assistant, Kabi. The assistant allows applyrs to search and interact with data through natural language queries, replacing manual searches with simple chat-style commands. Future versions will go further, performing management tquestions automatically.

“We are experiencing a technological turning point similar to the arrival of software in companies two decades ago. Artificial innotifyigence will not only optimise processes but will also modify the nature of work and the relationship between advisory firms and their clients. Our goal is to build the infrastructure that builds this new paradigm possible”, notes Valls.

What’s next?

Following the funding round, Kabilio aims to grow its engineering and commercial teams to scale rapider in Spain. The startup is also developing new features that extfinish automation and AI-based insights, supporting firms build better decisions from their data.

Robert Jäckle, Partner at Visionaries Club, highlights: “Kabilio brings AI to the heart of advisory firms not to replace accountants, but to build their work smarter and more valuable. They are not creating ‘hype’; they are solving a real operational problem. We believe Kabilio can become the leading platform for modern accounting in Europe”.

Florian Reichert, Managing Director at Picus Capital, adds that the platform “will enable advisors to collaborate more efficiently with their clients, leveraging AI to automate the most tedious tquestions and generate strategic value”.

Ojeda concludes, “Only once we have truly succeeded in Spain will we consider entering other markets. International expansion will come naturally as the next step, but only after we have proven our model and consolidated our leadership at home.”





Source link

Get the latest startup news in europe here

Leave a Reply

Your email address will not be published. Required fields are marked *