With the Federal Inland Revenue Service (FIRS) set to enforce its electronic invoicing (e-invoicing) mandate this July, Nigerian businesses—especially SMEs—are seeking easy-to-use digital tools for tax compliance.
Stepping into this space is Nigerian fintech company Afri Invoice, which has launched a smart, locally tailored e-invoicing platform to help entrepreneurs, freelancers, and SMEs navigate the new tax landscape efficiently.
Founded by Mark Odenore, Afri Invoice was developed in response to the common challenges businesses face in Nigeria: delayed payments, poor record-keeping, and difficulty complying with evolving tax regulations. Many existing solutions, Odenore noted, are either too complex or not designed with the realities of African businesses in mind.
Afri Invoice is fully aligned with FIRS requirements, including the BIS 3.0 XML format and Merchant Buyer Solution standards. The platform automates key functions like VAT calculations, QR code generation, invoice validation, real-time payment tracking, and submission readiness—ensuring users meet all regulatory demands without extra setup.
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The platform also includes tools for managing customers, products, and inventory, and provides monthly reports, automated payment reminders, and live exchange rates for multi-currency invoicing. Users benefit from faster invoice processing, improved cash flow, and reduced admin time—saving up to 20 hours a month.
Afri Invoice's built-in compliance checks, smart tax tools, and alerts have helped its users maintain a 99.7% compliance rate, while avoiding tax penalties. Educational resources, including guides, webinars, and support from a local team, further help SMEs understand tax regulations and confidently manage their finances.
As the FIRS deadline approaches, Odenore is encouraging small businesses to adopt digital tools like Afri Invoice to avoid last-minute disruptions and ensure a smooth transition into Nigeria's evolving tax system.
