Tech.eu, The Next Web (TNW) and the Barcelona newspaper La Vanguardia reported on Spanish company Kabilio’s funding round on 5 November. Picus Capital and Visionaries led the round, with participation from CDTI, Spain’s public innovation funding agency. The same two investors also led Kabilio’s €4 million round a year ago. The company has now raised €14 million in total, Tech.eu and TNW reported.

Jose Ojeda and Álex Valls founded Kabilio and run the company together.

Agent handles routine work, accountant approves

Kabilio’s current software reads invoices, suggests account codes for them and reconciles bank transactions. It also flags items that a professional needs to check. The software works alongside the accounting firm’s existing programs. The company says it cuts the time spent on bookkeeping and reconciliation by about 60 per cent.

With the funding, the company is introducing an AI agent: a program that uses a language model to carry out whole tasks. The agent fetches invoices and bank statements from clients’ email, reconciles accounts and checks entries. It asks clients for missing receipts by email or WhatsApp. The accountant gives instructions in plain language and decides, client by client, how much the agent may do on its own.

The agent is not yet generally available. Its beta test starts in November, TNW reported, and several accounting firms are already trying it, according to Tech.eu and TNW. La Vanguardia reported that Kabilio builds its own technology on top of large language models, naming Anthropic, OpenAI, Gemini and Copilot.

Next, small businesses on the same platform

With Kabilio Empresas, launched in September, small businesses use the same system as their accounting firm and can issue invoices, connect their bank accounts and track cash flow. The accounting firm thus gets the data immediately rather than only at tax-return time. ‘An agent is only as good as the data it works on,’ Valls said.

Kabilio later plans to extend the agent to serve businesses as well: it would send invoices, remind customers about overdue payments and answer everyday tax questions. Businesses can access the service only through their accounting firm, which sets the agent’s limits.

Client numbers up nearly fivefold, registered revenue still modest

Kabilio has nearly 500 accounting firms as clients, up from about 100 a year ago, Tech.eu and TNW reported. The Paypers wrote that the company expects to have more than 500 firms by the end of the year. Kabilio has 80 employees.

The founders told La Vanguardia that the company’s annualised revenue exceeds €1 million. An annualised figure usually refers to an estimate that extrapolates current billing to a full year. Citing the latest Mercantile Registry data, the newspaper reported that Kabilio’s revenue in 2025 was about €92,000, with a loss of €1.4 million. The figures are therefore not comparable: one is an estimate given by the founders, the other actual full-year revenue. Ojeda said the company has not yet set a profitability target.