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Tradepal AI

Category: AI in Fintech

An AI-driven tax compliance and financial reporting platform designed to help SMEs and digital asset traders in Nigeria navigate complex regulatory requirements. Tradepal AI was founded in 2024. The company is led by Deborah Ojengbede. Based in Lagos, Nigeria. Team size: 1-10. Total funding raised: $50.0K. Latest round: Pre-Seed (2024). Key investors include ["Undisclosed Angel Investors"].

Founded
2024
Headquarters
Lagos, Nigeria
Team size
1-10
Total funding
$50.0K

Value proposition

Simplifies and automates tax calculations and regulatory filings, specifically addressing the complexities of the Nigerian Finance Act 2023 regarding digital assets and capital gains tax.

Products and solutions

["AI-Powered Tax Calculator (Crypto & Business)","Automated Financial Reporting Dashboard","VASP Regulatory Compliance API","SME Bookkeeping & Tax Filing Assistant","Real-time Regulatory Update Feed"]

Unique value

One of the first dedicated RegTech solutions in Africa to bridge the gap between decentralized finance (DeFi) and traditional tax authorities like the FIRS.

Target customer

Small and Medium Enterprises (SMEs), individual cryptocurrency traders, and Virtual Asset Service Providers (VASPs) operating in Africa.

Industries served

["Fintech","RegTech","Blockchain & Digital Assets","Accounting & Professional Services"]

Technology advantage

Utilizes proprietary AI models to interpret local tax codes and automatically categorize crypto transactions, reducing the need for manual accounting and minimizing the risk of non-compliance penalties.

How they differentiate

Localized AI models specifically trained on the Nigerian Finance Act 2023 and FIRS requirements, offering seamless reconciliation between decentralized finance (DeFi) transactions and traditional tax reporting.

Main competitors

["Koinly","Taxaide (Taxtech Nigeria)","Accounteer"]

Key partnerships

["Bchain Africa (Ecosystem partner)","Onchain Festival (Community & Advocacy partner)","Strategic alignment with Nigerian fintech incubators"]

Notable customers

["Bchain Africa","Nigerian Crypto Traders","Local SMEs"]

Major milestones

["Raised $50,000 in pre-seed funding to develop RegTech infrastructure","Official platform launch in Nigeria (January 2025) to address new crypto tax laws","Strategic partnership with Bchain Africa for ecosystem integration"]

Growth metrics

Leveraging a community of over 100,000 users from the founders' previous AFEN Blockchain Group ecosystem to drive early adoption.

Market positioning

Niche RegTech leader specializing in digital asset compliance for the African market.

Geographic focus

Nigeria, with planned expansion into the broader West African region.

Patents and IP

No registered patents disclosed as of latest update; relies on proprietary software architecture and localized AI training models.

About Deborah Ojengbede

Deborah Ojengbede is a seasoned fintech leader and former banker with over 5 years of experience at Union Bank of Nigeria as a Business Analyst and Strategy specialist. She previously served as the CEO of AFEN Blockchain Group, where she led the development of NFT and Web3 infrastructure in Africa, raising significant capital and building a community of over 100,000 users.

Official website: