An accredited e-invoicing service provider, Afri Invoice Nigeria Limited, has begun a strategic investment round to expand its compliance infrastructure.

The Lagos-based technology company said the investment would support expansion across Nigeria and other emerging African markets.

The founder and chief executive officer, Mark Odenore, stated this in a statement on Thursday in Lagos.

Mr Odenore said the company was positioning itself at the centre of Africa’s rapidly evolving digital compliance ecosystem.

He stated that increasing regulatory enforcement of structured e-invoicing and tax-aligned reporting was driving demand for dependable compliance infrastructure.

He noted that real-time validation requirements were also increasing demand among small businesses and large enterprises seeking seamless regulatory compliance.

Mr Odenore said Afri Invoice’s platform provided automated invoice validation, structured data exchange and regulatory reporting for businesses.

He said the platform enabled companies to satisfy compliance requirements without disrupting their normal business operations.

He explained that the company’s infrastructure was designed to support Africa’s transition towards digital-first compliance systems.

Mr Odenore said such systems were becoming increasingly important across different sectors as governments strengthened digital tax administration.

He said, “Africa’s compliance infrastructure is undergoing a fundamental shift, and Afri Invoice is leading that transformation.

“This is not a future opportunity; it is happening now, and every business will require structured e-invoicing and automated compliance.”

He said the company was building infrastructure capable of supporting businesses as digital compliance requirements expanded across African markets.

“We are building the backbone of Africa’s digital compliance economy,” Mr Odenore said.

He added that investors with expertise in regulation, infrastructure and technology scaling would recognise the size and urgency of the opportunity.

“Investors who understand regulation, infrastructure and scale recognise the size and urgency of this opportunity,” he said. 

Mr Odenore noted that the strategic investment round would target investors with experience supporting leading Nigerian fintech infrastructure companies.

He specifically mentioned Monnify, Flutterwave and Interswitch as examples of companies whose investors understand Africa’s fintech infrastructure landscape.

The chief executive officer said such investors possessed valuable knowledge of regulatory demands and infrastructure requirements within the digital economy.

He added that their experience would also support Afri Invoice’s ambitions to scale its operations across the continent.

Mr Odenore said funds raised would be channelled into engineering expansion, infrastructure scaling and regulatory integrations.

He added that the investment would also facilitate the onboarding of thousands of small and large businesses across Nigeria.

According to him, part of the expansion will target emerging African markets where digital compliance infrastructure is gaining importance.

“Afri Invoice is not chasing the market; the market is accelerating towards us,” Mr Odenore said.

He added that the company’s expansion strategy was designed to position it as a key infrastructure provider within Africa’s digital compliance economy. 

(NAN)