TaxStreem Automates Tax Calculations, Filing for Nigerian Companies

Nigerian startup TaxStreem has launched a digital platform designed to revolutionize tax compliance for businesses by integrating directly into their daily financial workflows. The platform automatically calculates applicable taxes, files returns with authorities, and organizes records—all while connecting to existing business tools.

The need for such a solution stems from the common challenges faced by Nigerian companies: fragmented financial data across multiple platforms, complex regulations, and time-consuming manual processes. TaxStreem aims to solve this by collecting transaction information from sources like bank accounts, email, WhatsApp Business, and invoicing systems.

Key Features & Benefits:

• Automated Calculations: Accurately computes taxes based on real-time financial data
• Seamless Filing: Submits returns directly to relevant authorities
• Organized Records: Maintains complete audit trails for future reviews
• Multi-Source Integration: Connects with popular banking, accounting, and payment tools
• Real-Time Updates: Ensures compliance with the latest regulations

Founders’ Expertise:

The platform is led by Kelechi Ibe, a tax lawyer with experience at top firms like Udo Udoma & Belo-Osagie and KPMG, combined with Sam Ayo’s AI engineering background. This unique blend of legal and technical expertise positions TaxStreem to handle both the regulatory complexity and automation challenges of Nigerian tax compliance.

The founders note that many businesses currently struggle because their financial information is scattered across different systems, making compliance an administrative burden rather than a seamless process.