TaxStreem, an automated tax compliance platform launched in March 2026, is seeking to use artificial intelligence to automate tax computation and compliance by interpreting financial transactions in real time. The platform was built by Kelechi Ibe, who first attempted to automate tax processes while working at KPMG, and Sam Ayo, a senior intelligence and machine learning engineer. Ibe had tried using Excel Macros to automate the task but found that it required an intelligent tool capable of reading every transaction and determining the appropriate tax to apply.
The platform operates four tools that each handle a different task. The first is TaxStreem Numens, an AI-powered tax intelligence and computation engine trained on Nigerian tax laws. When users connect their business bank accounts, Numens reads each transaction’s narration, interprets what it represents, assigns the correct tax treatment, and provides an explanation for its decision. Its second engine, Flux, is an automated filing engine that logs into government portals, particularly the Nigeria Revenue Service portal, to submit tax returns and retrieve proof of filing for businesses.
TaxStreem Prism, the third engine, focuses on invoicing and accounts payable and receivable. On the expenditure side, Prism replaces the traditional email-based invoice process with a dedicated vendor portal where vendors can upload their invoices. The engine analyses the uploaded invoice to check for errors in tax calculation or tax ID. The platform is designed as an infrastructure layer for tax, sitting directly on top of a business’s financial activity and interpreting it in real time.
Under Nigeria’s new tax regime, small businesses are required to use the e-invoicing system from July 2027 to digitally record their transactions for stricter tax compliance. To properly issue tax-compliant invoices, businesses first need to understand the tax implications of every transaction, including VAT exemptions, withholding tax applications, and zero-rated items. Ibe noted that while users can still upload reconciliation documents manually, pulling transactions directly ensures no transactions are left out. The platform currently integrates with GTBank, Access Bank, and fintech rails like Kuda, Paystack, and Flutterwave.
