A Nigerian startup, TaxStreem, has launched an artificial intelligence driven platform designed to automate tax computation and compliance for businesses, as the country moves toward stricter digital tax reporting requirements. The platform, unveiled in March 2026 by co founders Kelechi Ibe and Sam Ayo, uses AI to interpret financial transactions in real time and assign appropriate tax treatments in line with Nigerian tax laws.
The development comes ahead of new regulations requiring small businesses to adopt electronic invoicing systems by July 2027, increasing the need for accurate and automated tax processes. According to the founders, the platform connects directly to financial institutions and payment systems, enabling it to analyse transactions, determine applicable taxes such as VAT and withholding tax, and generate explanations for each decision, while also automating tax filing through government portals.
The solution features multiple tools, including an AI tax computation engine, an automated filing system, and invoicing and accounts management services, alongside a chatbot that provides business insights. The founders said the system is designed to reduce errors, improve compliance, and support businesses navigating complex tax requirements, particularly as enforcement by regulators intensifies.
Operating on a subscription model, TaxStreem targets both small and large enterprises, while also offering integration through application programming interfaces to fintech and banking platforms. The company said it has raised initial funding from private sources and plans to expand its capabilities to include state level tax systems such as the Lagos Internal Revenue Service, as it seeks to position itself within Nigeria’s growing digital financial ecosystem.