SaaS fintech targets SMEs, growing businesses with digital invoicing and compliance tools.
Nigerian SaaS fintech company Afri Invoice has unveiled a new range of subscription plans designed to help businesses transition from manual invoicing to digital systems as Nigeria advances its electronic tax administration framework.
The company, which specialises in digital invoicing, compliance and payment tracking, said the new subscription structure is aimed at businesses of different sizes and stages of growth, giving them access to tools for managing invoices, transaction records, payments and tax-related processes.
The initiative comes as the Nigeria Revenue Service (NRS) moves forward with the implementation of electronic invoicing as part of the broader digitalisation of tax administration in the country.
Under the NRS e-invoicing framework, businesses are expected to be able to create and submit electronic invoices for validation, receive a Unique Identifier Number (IRN), and securely store and report transaction information.
The framework also provides for application programming interface (API)-based integration with business systems and technology providers, potentially allowing businesses to connect their existing financial and operational systems with the electronic invoicing infrastructure.
Four plans target businesses at different stages
Afri Invoice said its new subscription structure consists of four categories — Beginners, Starter, Standard and Premium Corporate — with each plan designed around the operational needs of businesses at different stages of development.
The Beginners plan is targeted at freelancers, startups and emerging businesses making the transition from informal or manual invoicing to more structured digital processes.
It provides entry-level digital invoicing tools intended to help smaller businesses create professional invoices while beginning to establish more organised financial records.
The Starter plan is aimed at growing businesses that require greater invoicing capacity and additional tools as their operations expand.
The plan includes increased invoice capacity, data storage, tax tracking, compliance tools and basic reporting features.
For more established businesses, the Standard plan offers expanded invoicing capabilities alongside tax and compliance tracking, client management and payment monitoring.
The plan also provides reporting tools, customisable invoice templates and digital document export features, giving businesses broader control over their invoicing and transaction-management processes.
At the upper end of the structure is the Premium Corporate plan, designed for larger organisations and high-volume operations.
The plan provides broader capabilities for businesses managing multiple operations, users and entities, alongside advanced reporting and compliance infrastructure.
‘Digital tax administration requires stronger records’
Founder and Chief Executive Officer of Afri Invoice, Mark Odenore, said the company was focused on making the country's transition to digital tax administration easier for businesses to navigate.
“The transition to digital tax administration requires businesses to also strengthen the way they create, manage and retain transaction records. Our focus is to make that transition more accessible by providing businesses with practical digital invoicing and financial management tools suited to their different stages of growth.”
The company said the transition to electronic invoicing should not be viewed simply as a regulatory exercise or a replacement for paper invoices.
Instead, it argued that digital invoicing could help businesses improve the quality of their financial records, strengthen internal processes and gain better visibility into transactions.
SMEs face growing need for affordable digital tools
Afri Invoice said its new plans would be particularly relevant to small and medium-sized enterprises (SMEs), which account for a significant portion of Nigeria's business ecosystem.
For many smaller businesses, the cost and complexity of adopting new technology can be a barrier to formalising financial and compliance processes. The tiered subscription model, according to the company, is intended to give businesses the option of adopting digital invoicing tools according to their size, transaction volumes and operational requirements.
The company said businesses should begin preparing for the changing tax environment by establishing reliable systems for invoicing, record management, payment tracking and access to financial information.
Such systems, it noted, could help businesses build stronger financial processes while also positioning them to respond more effectively to evolving regulatory requirements.
Tax reforms accelerate digital compliance
Afri Invoice's product expansion comes amid broader changes to Nigeria's tax administration framework.
The Nigeria Tax Administration Act 2025, which commenced on January 1, 2026, lists facilitating tax compliance among the objectives of tax administration.
Against this backdrop, businesses are increasingly expected to maintain accurate transaction records and adopt systems capable of supporting digital tax processes.
Afri Invoice said businesses preparing for the emerging environment should therefore look beyond simply meeting regulatory requirements and focus on building sustainable digital financial processes.
The company said it would continue developing technology solutions aimed at helping Nigerian businesses adapt to the country's evolving digital tax and wider business environment.