Nigeria-based tax compliance startup TaxStreem has launched a digital platform designed to help businesses simplify and automate tax compliance by integrating it directly into their daily financial workflows.
The platform collects transaction data from sources including bank accounts, email, WhatsApp Business, and invoicing tools. It automatically calculates applicable taxes, files returns with the relevant authorities, and keeps records organised for future audits.
Co-founders Kelechi Ibe, a tax lawyer and advisor, and Sam Ayo, a senior artificial intelligence and machine learning engineer, announced the platform’s launch on Tuesday, positioning it as a solution to the everyday compliance challenges faced by Nigerian businesses.
“Many businesses struggle with tax compliance because their financial information is spread across different tools and records,” Ibe said.
He also stated that the goal is to make compliance a seamless part of running a business rather than an administrative burden.
Tax compliance remains a significant challenge for many Nigerian businesses due to fragmented financial records, complex tax regulations, and time-consuming manual filing processes.
Small and medium enterprises often lack the resources to hire dedicated tax professionals, leaving them vulnerable to errors, penalties, and missed deadlines.
The team behind TaxStreem
Ibe brings over a decade of experience in taxation law and compliance advisory at leading institutions, including Udo Udoma & Belo-Osagie, KPMG, and global law firm Latham & Watkins. His background gives TaxStreem credibility in navigating Nigeria’s complex tax landscape.
Ayo has built financial, compliance, and regulatory intelligence systems and MLOps infrastructure. He is also a Fellow of the Artificial Intelligence Board of America, bringing technical expertise to the platform’s automation capabilities.
Similar read: Complete guide on how to file your 2025 tax returns on the LIRS portal
The combination of tax expertise and AI engineering positions TaxStreem to handle both the regulatory complexity of Nigerian tax law and the technical challenge of automating compliance across fragmented data sources.
How the platform works for business owners
TaxStreem integrates with the tools businesses already use for financial management, bank accounts, invoicing software, email, and even WhatsApp Business, which many Nigerian businesses use for customer transactions.
This platform automatically collects your transaction data from various sources. This eliminates the need for you to manually gather financial records, calculate taxes, and prepare tax returns. It also organises your records for future audits, which lowers the risk of compliance problems during tax reviews by the authorities.
TaxStreem solves a major problem in Nigeria’s financial technology sector: the difficulty of managing taxes. Currently, most Nigerian businesses handle tax compliance manually, even though they use digital payment and accounting systems.
The platform automates this process, saving businesses time, increasing accuracy, and lowering the chance of penalties.
Whether TaxStreem can gain traction among Nigerian businesses will depend on pricing, ease of integration, and trust in the platform’s accuracy.
