The AI revolution in accounting: Spanish startup Kabilio raises 4 million euros and reshapes the financial world
Barcelona, Spain – 5 November 2025. The financial technology landscape is undergoing a significant shift, driven by the relentless advancement of artificial intelligence (AI). At the heart of this revolution is Kabilio, a Barcelona-based start-up founded in 2024, which has just announced an impressive €4 million pre-seed investment. This is one of the largest early-stage funding rounds in Spanish history, led by renowned European venture capital funds Visionaries Club and Picus Capital. This event is not merely one company’s success story, but a clear sign of a broader trend in which artificial intelligence is set to automate and redefine the foundations of the accounting sector.
Kabilio has developed an artificial intelligence-based platform that promises to automate up to 50% of accounting firms’ routine tasks, freeing up accountants’ time for more strategic and value-driven work. This article delves into the background of Kabilio’s success story, analyses its technology and investors’ vision, and sheds light on the broader impact of artificial intelligence on accounting, a profession that is on the verge of one of the greatest transformations in its history.
The problem: the invisible burdens of the accounting world
In Spain, where approximately 65 000 accounting and tax advisory firms serve millions of SMEs and freelancers, traditional workflows are riddled with inefficiencies. At the heart of the problem is the manual and fragmented flow of data. Clients often collect and submit documents (invoices, receipts, bank statements) manually, which is time-consuming and prone to errors. Due to busy work schedules, information often reaches accountants late or incomplete.
This problem escalates during quarterly tax filing periods, when accountants have to process huge amounts of data, perform manual checks and enter data within a short time. This creates extreme workload peaks, which in turn lead to burnout and make it difficult to retain talent in the sector. Kabilio co-founder and CEO Jose Ojeda, who has previous experience at companies such as McKinsey and Rocket Internet, explains: “We have seen firsthand how difficult it is to retain talent in accounting firms, because the work is concentrated on repetitive tasks and peak workloads. We have also sensed a certain fear of adopting artificial intelligence.”
Kabilio was created specifically to solve this problem. The vision of the founders, Ojeda and Álex Valls (formerly of Social Point, Exoticca), was to create a platform that would not replace accountants but would give them powerful tools to free themselves from monotonous work and focus on providing strategic value to clients.
The Kabilio platform: a technological deep dive
Behind Kabilio’s success is an integrated platform that uses generative artificial intelligence to modernise collaboration between accounting firms and their clients. The platform consists of three core modules designed to address specific pain points:
Module
Functionality
Key benefit
Intelligent invoice processing
Accepts documents from various channels (email, Dropbox, etc.) and processes even the most complex invoices (e.g. intra-Community transactions, reverse charge).
The system recommends suitable accounting accounts with 97% accuracy, drastically reducing manual data entry.
Advanced bank data reconciliation
Connects securely to 99% of Spanish banks, eliminating the need to request bank statements manually.
Artificial intelligence automatically matches invoices and transactions, providing accountants with a unified environment for reviewing and modifying data.
Verifactu-compatible invoicing
Offers SMEs and freelancers a modern and intuitive invoicing tool that complies with Spanish legislation.
All information is synchronized with the accountant in real time, eliminating the need to transmit data manually.
In addition to these modules, Kabilio is piloting its AI agent called Hoof. It is a natural language-based conversational interface that allows users to ask the platform questions and retrieve the necessary information simply through conversation. In the future, there are plans to expand Kabi's capabilities further, enabling it to perform more complex tasks independently.
The results speak for themselves: nearly 100 accounting firms already using the Kabilio platform have reported productivity gains of up to 50%. This is clear proof that technology can genuinely ease the burden on the sector.
Investors' contribution: why Kabilio?
A €4 million investment at such an early stage is exceptional and reflects investors’ deep confidence in Kabilio’s vision and technology. Lead investors Visionaries Club and Picus Capital are known for backing technology companies that solve real and systemic problems.
Robert Jäckle, a partner at Visionaries Club, comments: “Kabilio brings artificial intelligence into the heart of advisory firms not to replace accountants, but to make their work smarter and more valuable. They are not creating hype; they are solving a real operational problem. We believe Kabilio can become Europe’s leading platform for modern accounting.”
This view is also shared by Florian Reichert, Managing Director at Picus Capital, who adds that the platform “enables advisors to collaborate more effectively with their clients by using artificial intelligence to automate the most tedious tasks and create strategic value.”
The investors’ message is clear: the investment was made not merely in technology, but in the team and its approach, which focuses on empowering accountants rather than replacing them. This is an important nuance that sets Kabilio apart from many other AI solutions.
The bigger picture: AI's unstoppable march in accounting
Kabilio's success story is part of a broader trend spanning all of Europe. Investment in AI-powered financial software has grown explosively. For example, the Swedish startup Bluebook raised 2,4 million euros to develop a self-driving accounting platform, the Dutch company Stacks raised 9,5 million euros to automate financial reporting, and the Italian company Plino raised 650 000 euros to improve financial planning for SMEs.
Market research confirms this trend. According to Grand View Research, the artificial intelligence market in accounting in Europe was worth over 1,2 billion dollars in 2024 and is forecast to grow by an average of 35,7% annually between 2025–2033. Other analysts, such as KBV Research, offer an even more optimistic growth forecast of 38,4%.
Why is this shift happening now? There are several reasons:
1.Technology maturity: Generative AI and machine learning have reached a level where they can process unstructured data (such as invoices and receipts) with accuracy comparable to or even better than humans.
2.Data availability: The amount of digital data has grown exponentially, providing the raw material needed to train AI models.
3.Pressure for efficiency: Economic pressure and competition are forcing companies to find ways to optimize their operations and reduce costs.
The impact of artificial intelligence is not limited to automation alone. It changes the very nature of the accountant's role. The accountant of the future will no longer be a data entry clerk but a strategic adviser who uses AI-based analyses to provide clients with deeper insights into their business operations, forecast cash flows, and identify risks. As Kabilio co-founder Álex Valls says: “Artificial intelligence not only optimizes processes but also changes the nature of work and the relationship between consulting firms and their clients.”
Conclusion: a new era in accounting
Kabilio's 4 million euro funding round is more than just a financial transaction. It symbolizes a new era in accounting—an era in which humans and machines work in symbiosis to achieve unprecedented efficiency and create new value. The Spanish startup has not merely created yet another piece of software but offers a comprehensive solution to a deeply rooted problem that has plagued the accounting sector for decades.
Strong investor support and the success already achieved among clients indicate that Kabilio is on the right track. Its vision of transforming the accountant’s role from data entry clerk to strategic adviser resonates with the market. As artificial intelligence continues to advance, it is clear that companies that embrace innovative solutions such as Kabilio will not only survive but also gain a competitive advantage in the financial world of the future. The AI revolution in accounting has begun, and Kabilio is firmly at its forefront.
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