Barcelona startup Kabilio has raised €10M to move from assisted bookkeeping to AI agents that take on whole tasks inside accounting firms. The round was led by Picus Capital and Visionaries, with participation from CDTI, Spain's public agency for technology and innovation. Total funding now stands at €14M, which matters because the company already serves nearly 500 firms and plans to scale automation across them.
From assisted booking to delegated tasks
Both lead investors had backed Kabilio's €4M pre-seed round a year ago, so the new financing continues an existing relationship rather than bringing a new lead. Since that round, the customer base grew from about 100 accounting firms to nearly 500, while headcount reached 80 people. The co-founders and co-CEOs are Jose Ojeda and Alex Valls. The company focuses on Spain and much of Europe, where small businesses hand books and taxes to outside firms.
The current product reads invoices, suggests booking entries, matches bank transactions and flags anomalies, with the accountant reviewing and signing off. Kabilio says this cuts about 60% of bookkeeping and reconciliation time. The next step is an agent that firms can assign work to in the manner of a new hire. It will gather invoices and bank statements from inboxes, reconcile accounts, check entries and pursue missing items, including messaging clients by email or WhatsApp.
The agent enters beta this month, with several firms already testing it. Accountants retain control by giving instructions in plain language and setting, client by client, how much the system may do on its own. In parallel, Kabilio launched Kabilio Empresas in September, a portal that brings small business clients onto the same platform. There they can issue invoices, link bank accounts and track cash flow inside the system their accountant uses, so new figures arrive continuously instead of at tax time.
What this means for outsourced accounting
For firms that run bookkeeping for dozens of small clients, the shift changes where time goes. Document collection and matching, now manual across inboxes and bank feeds, would run in the background while staff focus on review and exceptions. Small practices gain capacity without hiring junior staff for routine chasing, while larger firms can standardize the same workflow across hundreds of client files. The shared platform also reduces rework from late or incomplete client data.
The limits deserve attention before any rollout decision. Automation quality depends on complete invoice and bank data, a point co-founder Alex Valls stressed, so firms need to check coverage across client inboxes and accounts. Buyers should clarify how autonomy levels are set per client, how WhatsApp and email messages are logged, and what the accountant must approve. This round does not by itself prove accuracy in live operation, since the agent is only entering beta with a small group of testers.
The marker to watch is beta conversion over the next two quarters: how many of the nearly 500 firms move the agent from testing to daily work and extend Kabilio Empresas to their clients. If adoption spreads and the 60% time saving holds for agent-led tasks, delegated bookkeeping will become a standard service layer. The next signal is whether client-facing uses such as invoicing, late-payment nudges and tax answers follow on schedule.
