Spanish fintech Kabilio has raised €4 million for its AI-powered accounting platform. The pre-seed round was led by Visionaries Club and Picus Capital.
The company aims to streamline collaboration between accounting advisors and their clients. Kabilio addresses common inefficiencies in accounting workflows. Clients often submit financial information manually, which can be late or incomplete. This problem intensifies during peak tax seasons. Advisors must perform significant manual data entry under tight deadlines. Kabilio’s platform uses generative AI to automate information exchange. It generates complete entries that integrate directly with accounting software. Its tools provide intelligent invoice processing with 97 percent accuracy. The system also offers advanced bank reconciliation, connecting to 99 percent of Spanish banks.
