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.
Nearly 100 accounting firms currently use the platform. These firms report productivity gains of up to 50 percent. The technology helps alleviate repetitive workloads for their teams.
Kabilio will use the new funding to strengthen its team and accelerate its expansion in the Spanish market.