Afri Invoice and Kuda Bank Partner to Deliver Digital Invoicing for Nigerian Businesses
Driving Digital Transformation for SMEs
Nigeria’s small and medium enterprises (SMEs) often struggle with one of the most fundamental aspects of doing business: issuing and managing invoices. Many still rely on manual or informal processes that create inefficiencies, delay payments, and expose them to compliance risks. In a market where digital adoption is growing but still fragmented, Afri Invoice and Kuda Bank are stepping in with a partnership designed to solve that problem.
The two companies have unveiled a digital invoicing solution targeted at Nigerian businesses, particularly Kuda’s existing base of business customers. The move combines Afri Invoice’s purpose-built software with Kuda’s digital banking ecosystem, promising to reduce friction and help entrepreneurs manage finances more effectively.
What the Partnership Offers
Through the collaboration, Kuda Business customers can access Afri Invoice’s platform at up to 30% off subscription costs for 12 months. Beyond the discount, the partnership gives businesses direct access to invoicing tools that are designed to meet the Federal Inland Revenue Service (FIRS) e-invoicing and fiscalisation requirements.
That compliance factor is significant. Nigeria’s government has been tightening fiscal regulations to curb tax evasion and standardise invoicing. For SMEs, meeting those obligations manually can be a burden. Afri Invoice’s platform embeds compliance features, making it easier to generate valid, government-recognised invoices without additional overhead.
The service is mobile-first, meaning entrepreneurs can issue, send, and track invoices on the go. Integration with Kuda’s digital banking platform also promises smoother payment reconciliation. Non-Kuda users can still access Afri Invoice directly, with a free trial available, but Kuda customers receive priority support and exclusive pricing.
Why It Matters
This partnership reflects a broader shift in how Nigerian businesses are expected to operate. Paper-based and informal invoicing systems are becoming less viable, especially for SMEs looking to scale or partner with larger firms. By offering an accessible, compliant, and affordable invoicing tool, Afri Invoice and Kuda are lowering the barrier to digital transformation.
For Kuda, the move is also strategic. The digital bank has been working to deepen its value proposition beyond just providing accounts and payments. By layering in business tools like invoicing, Kuda positions itself as an end-to-end financial partner for entrepreneurs, not just another bank.
The Challenges Ahead
Adoption is not guaranteed. Many SMEs resist digital tools, either due to cost concerns, lack of awareness, or preference for manual processes. Even with discounts, businesses will need to see clear day-to-day value to keep using the platform after the first year.
There are also questions around execution. Integration promises are ambitious, but seamless syncing between invoicing and banking data is technically challenging. User experience will determine whether this partnership is remembered as a breakthrough or just another digital tool.
The Bigger Picture
As more African regulators push for electronic fiscalisation and e-invoicing mandates, partnerships like this one may become the norm. For Nigerian businesses, this could mark the start of a new era where compliant digital invoicing is no longer a “nice to have” but a baseline requirement.
If Afri Invoice and Kuda Bank succeed in making the process smooth, affordable, and trustworthy, they will not only win customer loyalty but also set a new standard for SME financial services in the country.
