SpacePointe, which develops products geared towards small and
medium enterprises (SMEs) with a particular focus on retailers, raised $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’s
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
Culled from: Disrupt Africa