Niteon has unveiled Africa’s First Manufacturers’ Neobank to unlock $200B export market.
NewsOnline Nigeria reports that Nigerian-founded digital export giant, Niteon, has launched Niteon Capital, a first-of-its-kind neobank designed exclusively for African manufacturers, as it seeks to address long-standing financial gaps in the continent’s export ecosystem.
The US-based startup, co-founded by Tony Nwose and Daniel Chukwuemelie, has built its reputation as a trusted platform connecting African producers of agricultural goods, fabrics, and mineral products to international buyers. With operations spanning the US, UK, Canada, South Asia, and a recent FDA Global Partner License granting access to the American market, Niteon is positioning itself as a major player in Africa’s digital trade.
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“African manufacturers are doing the hard work, but they’re being underserved by traditional banks. There’s no financial infrastructure built for them. Niteon Capital changes that,” said CEO Tony Nwose.
A Bank Built for Manufacturers
Unlike conventional neobanks, Niteon Capital is tailored specifically for the export sector, offering:
Invoice & Procurement Financing to bridge cash flow gaps on large orders.
Sharia-Compliant Financing for manufacturers in Northern Nigeria and Islamic markets.
Export Wallet Accounts with tax advantages, carbon credit earnings, and multi-currency support.
Infrastructure Loans for machinery, facility, and logistics upgrades.
All services are embedded into Niteon’s marketplace ecosystem, streamlining the flow between buyers, sellers, logistics providers, and now, finance.
Scaling Africa’s Trade Infrastructure
The move marks a significant shift for Niteon from a B2B marketplace to a full export ecosystem tackling the systemic financing constraints that have long limited Africa’s industrial capacity.
Backed by investors including Seedstars, Tomi Davis, TVC Labs, Zenith Bank, and the Development Bank of Nigeria, the company is positioning itself as a TradeTech leader building infrastructure “that rivals anything on the continent.”
“We’re not just scaling a platform. We’re building the financial engine behind Africa’s industrial growth story,” added co-founder Daniel Chukwuemelie.
Next Stop: Seed Round
As part of its rollout, Niteon has opened a $1.5 million equity and $5 million debt seed round to fund neobank expansion, licensing, AI integration, and the onboarding of 20,000 manufacturers by Q4 2025.
Industry analysts say Niteon’s entry into financial services could be a blueprint for Africa’s industrial financing future, bridging the $200 billion export market potential with the capital manufacturers need to compete globally.
