Saturday, May 24, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home News

Nigeria’s SpacePointe in government tax collection deal

Tech Gist Africa by Tech Gist Africa
12/26/2017
in News
0 0
0
Nigeria’s SpacePointe in government tax collection deal - Techgistafrica
0
SHARES
Share on FacebookShare on Twitter

Nigerian fintech startup SpacePointe has been chosen by the Edo State Government to help it collect revenue from thousands of informal sector taxpayers daily.

SpacePointe, which develops products geared towards small and medium enterprises (SMEs) with a particular focus on retailers, raised US$1.2 million in funding in June 2016.

The startup’s partnership with the Edo State Government allows for easier tax collections and gives the government real-time visibility on all the collections completed.

“Fraud had been a real issue with revenue collections and utilising our platform put all that money that was previously stolen back into the government purse. It was so successful that even the transport unions harmonised with the state to help them collect their union dues,” SpacePointe chief executive officer (CEO) Sayu Abend told Disrupt Africa.

SpacePointe now has a pipeline of other Nigerian states that will be onboarded onto the platform, and has so far processed over one million transactions.

“2018 is geared to increase that by a factor of 10 at minimum just from the agreements that are in place currently,” Abend said.

“Our partnership with the Edo State Government validates our model of enabling payments for the informal sector.”

SpacePointe is now focused on further growth in 2018.

“Our overarching goal is to enable payments for the informal sector in Africa. We will put a strong focus on revenue automation as we have other states that will be launching their revenue automation programs on our platform starting in the first quarter of next year, and so we have a lot to do,” said Abend.

“Our PointePay merchant and agent network will also be a major focus area as we project hitting about 15,000 merchants by the end of 2018. We will not do this on our own and will work with strategic banking and fintech partners across Africa to accomplish this goal.”

Article Source:  Disrupt-africa.com

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

MoneyFellows Egypt
Funding

MoneyFellows, an Egyptian Fintech Secures 13 million pre-Series C funding round

by Tech Gist Africa
05/09/2025
0

MoneyFellows, a leading Egyptian fintech startup, has announced the successful closure of a $13 million pre-Series C funding round. The...

Read more
OpenAI

OpenAI Reaffirms Nonprofit Control Amid Restructuring Controversy

05/08/2025
Skype Microsoft

Skype Officially Shuts Down After Over Two Decades of Service

05/08/2025
Aruwa Capital Nigeria Adesuwa Okunbo Rhodes

Aruwa Capital, a Lagos-Based private equity firm Raises $35 Million

05/07/2025
Starlink Elon Musk

Airtel Africa Partners with SpaceX to Expand Starlink Connectivity to Remote Communities

05/07/2025
Next Post
Zimbabwe’s Munch sees growth in food delivery space - Techgistafrica

Zimbabwe’s Munch sees growth in food delivery space

Nigeria’s Ventures Platform expands to Lagos, grows cheque size - Techgistafrica

Nigeria’s Ventures Platform expands to Lagos, grows cheque size

Nigeria’s OyaOya Unveils Africa’s First Online On-Demand Commodities Trading Platform - Techgistafrica

Nigeria’s OyaOya Unveils Africa’s First Online On-Demand Commodities Trading Platform

No Result
View All Result

The Big 5

 Investing in Innovation Africa i3

Investing in Innovation Africa (i3) Selects 7 Startups for 3rd Cohort

by Tech Gist Africa
05/06/2025
0

...

Google for Startups Accelerator Africa

Google for Startups Accelerator Africa Opens Applications for AI-Focused 2025 Cohort

by Tech Gist Africa
05/06/2025
0

...

MEST Africa

MEST Africa and Mastercard Foundation Select 12 Startups for 2nd Ghana EdTech Fellowship Cohort

by Tech Gist Africa
05/06/2025
0

...

Agriculture Africa

The Future of Agriculture in Africa: Technology Solutions for Sustainable Farming and Food Security

by Tech Gist Africa
04/28/2025
0

...

Climate Change Artificial Intelligence

The Role of Artificial Intelligence in Accelerating Climate Change Solutions

by Tech Gist Africa
04/21/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.