Lagos — Afri Invoice is partnering with Kuda Bank to put secure, FIRS-compliant, mobile-first invoicing in the hands of Nigerian entrepreneurs—bundled with up to 30% off Afri Invoice subscriptions for 12 months for Kuda Business customers. The push targets one pain point: turn invoices into cash, faster.
At its core, the tie-up is about time-to-money. Nigerian SMEs live on thin margins and tighter cash cycles; manual invoices, PDF ping-pong, and ambiguous payment references slow collections. Afri Invoice’s tooling—digital invoice creation, compliant formats, audit trails, and mobile workflows—paired with Kuda’s digital business banking aims to compress billing and reconciliation into a single, phone-native flow.
What’s in the bundle (as announced):
- Discount: Up to 30% off Afri Invoice subscriptions for 12 months, exclusive to Kuda Business customers.
- Compliance: FIRS-aligned invoicing (VAT fields, numbering, audit history) with digital records for easier filing and reviews.
- Mobile-first UX: Issue, send, and track invoices on the go—built for founders who operate from WhatsApp, email, and phone calls.
Afri Invoice remains open to all SMEs; the discount is the Kuda-only perk. Strategically, this is classic fintech + SaaS bundling: the bank deepens engagement with business customers while the SaaS gains distribution and billing rails.
Why It Matters (Operator’s Lens)
- Cashflow velocity: Faster, cleaner invoices + clear payment instructions = fewer disputes and quicker settlement.
- Cost & control: A discounted year lowers switching friction; digital records improve expense control and working-capital planning.
- Compliance by design: Proper invoice fields and audit trails reduce tax filing anxiety and regulatory risk.
- Data exhaust → insight: Structured invoice data powers AR dashboards, aging analysis, and credit readiness when you need growth capital.
What Great Looks Like (Features to Expect/Validate)
- Payment hand-off: One-tap bank transfer instructions or payment links tied to each invoice to reduce “unallocated” receipts.
- Auto-reconciliation: When funds land in the Kuda account, the invoice should auto-mark paid and close the loop.
- Reminders & dunning: Scheduled nudges, statement of account, and smart follow-ups that preserve relationships.
- Multi-channel delivery: Email + shareable links; clean PDFs for customers who still demand them.
- Exports & backups: CSV/PDF exports and tamper-evident archives to satisfy auditors and investors.
- Role-based access: Let accountants handle books while founders focus on sales.
(Afri Invoice/Kuda will determine the final feature set; treat this as your due-diligence checklist.)
By the Numbers (Launch Terms)
- Discount: Up to 30% off Afri Invoice for 12 months
- Eligibility: Kuda Business customers (offer valid for one year from subscription)
- Availability: Nationwide, mobile-first portal; Afri Invoice remains open to all SMEs (standard pricing)
Risks & Mitigations (Expert View)
- Lock-in after year 1: Map pricing beyond the promo; negotiate annual plans or usage tiers now.
- Data protection: Confirm PII encryption, data residency, and access logs; sign a DPA if you handle customer data at scale.
- Uptime & support: Ask for SLA targets, live chat response times, and incident history.
- Interoperability: Ensure you can export your data and integrate with existing accounting stacks (even if via CSV).
BRANDECONOMY Take
This is the right bundle at the right time. Nigeria’s SME digitisation is moving from payments first to workflows first. When invoicing, collections, and banking speak the same language, days-sales-outstanding falls and growth capital becomes more accessible. The winners will prove two things in the next quarter: clean payment reconciliation and visible cashflow insights inside the business banking app.
Bottom line: If the digital invoicing integration is tight and the UX is honest, this partnership can shave days off collections—the cheapest financing an SME can get.
Quick FAQ
Who gets the discount?
Registered Kuda Business users—up to 30% off Afri Invoice for 12 months from subscription.
Is Afri Invoice only for Kuda customers?
No. It’s open to all SMEs; the discount is Kuda-exclusive.
Will my invoices be FIRS-compliant?
The digital invoicing platform is described as FIRS-compliant (fields, numbering, audit trails). Still, validate templates with your tax adviser.
What should I test before switching?
Create a test invoice, send it, collect a payment, and confirm the system auto-reconciles to your Kuda account and updates aging correctly.
BRANDECONOMY — ideas • strategy • power.
