Compliance first
Every calculation starts from the Nigerian rule it has to satisfy. Speed and simplicity are built on top of that, never the other way round.
We make paying people and getting paid right the first time.
iPay is the finance operations platform Nigerian businesses use to run payroll, issue NRS-compliant invoices, pay vendors and send bulk payouts, with every deduction, approval and record in place.
- processed in payroll every month
- ₦1.25B+
- industries, from oil and gas to professional services
- 8+
- products on one record: payroll, invoicing and payouts
- 3
- for most clients to go live
- 3 days
“Compliance first, engineered to the standard a regulator and an auditor would both accept.”
Why we built iPay
iPay started inside an accounting practice. Working as auditors and tax advisers to some of Nigeria’s largest organisations, our founding team watched finance departments wrestle with fragmented tools, manual remittances and mounting compliance risk, using software built by people who understood code far better than Nigerian tax law.
So we built iPay from the opposite direction: compliance first, engineered to the standard a regulator and an auditor would both accept, then made fast and simple enough for any finance team to run.
Today iPay processes over ₦1.25 billion in payroll every month for businesses across oil and gas, energy, professional services and international trade, and it now runs invoicing, vendor payments and bulk payouts on the same record.
How we build iPay.
Four principles behind every screen, calculation and record in the product.
One record for every naira
Salaries, invoices, vendor bills and payouts share one approval trail and one history, so an auditor can follow any payment from start to finish.
Honest about what we automate
We calculate, schedule and record. Where you still make a payment yourself, such as statutory remittances, we say so plainly and keep the proof for you.
Built for the people who close the month
Finance and HR teams are our users, not an afterthought. If a task takes them longer in iPay than in a spreadsheet, we treat it as a bug.
The expertise behind iPay.
iPay is built and run by Doftwerks, the technology practice of Stransact Chartered Accountants. The rules in the product come from people who apply them for a living.
- RSM InternationalSixth-largest global accounting network, in 120 countries
- Stransact Chartered AccountantsRSM correspondent firm in Nigeria; auditors and tax advisers
- DoftwerksStransact’s technology practice, which builds and runs iPay
Licensed and certified.
Held by Doftwerks, the company that builds and operates iPay, and maintained continuously.
NRS System Integrator & Access Point Provider
Dual-licensed for e-invoicing with the Nigerian Revenue Service, so invoices are submitted to NRS directly from iPay.
ISO/IEC 27001:2022 certified
Information security independently audited and certified to the international standard.
NDPC-accredited DPCO
Accredited by the Nigeria Data Protection Commission as a Data Protection Compliance Organisation.
See iPay for yourself.
Book a 30-minute demo. We will show you how iPay handles your payroll, invoicing and vendors, and how quickly you can be running on it. No commitment required, and we migrate your existing data.