Nigerian-based fintech company, Sparkle, recently launched a new service on its mobile application, Sparkle Business.

Powered by data and technology, Sparkle was founded with a goal to provide sustainable solutions in the areas of payments, savings and analytics for flexibility, control and freedom over finances and lifestyle. The startup thrives via an integrated collaboration with its customer base for adequate data.

The new platform, Sparkle for business, is designed to help small businesses and SMEs access essential products and services needed to grow their enterprises digitally.

Among others, the service includes features such as Inventory and Invoice Management; to help businesses maintain control over their payment requests and overall operations, Payment Gateway Service; to manage single and bulk payments more seamlessly, Tax Advisory / Calculations; to help evaluate business turnover and calculate tax filings, Payroll / Employee Management; to manage employee payments and benefits effectively without error or human interventions.

With high consideration for digital entrepreneurs and companies, the platform was built to ensure convenience in running all business aspects.

Founder and CEO of Sparkle, Uzoma Dozie, reaffirmed the goal of the new platform, describing it as a one-stop-shop, to help individuals launch their businesses digitally, while meeting existing SMEs’ pain points, and allowing them to pivot to the next level of success.

“Sparkle was built to allow individuals to be free; Sparkle Business is an extension of this so that business owners can reduce friction when it comes to important administrative transactions.” He said.

While current Sparkle users, who have registered their businesses in Nigeria can now access the service, new customers will need to open a personal Sparkle account, have a Tax Identification Number [TIN], and an email address connected to their TIN.

Founded by the former CEO of Diamond Bank and techpreneur, Uzoma Dozie, the digital banking startup, Sparkle Nigeria, was launched in 2020 after been granted license from the central bank of Nigeria.

So far, the startup claims to have processed over $16 million in transaction value, with over 20,000 customers. Its partners include Visa, Microsoft and PwC Nigeria.

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