Niteon, a local digital export marketplace, has unveiled Niteon Capital, Africa’s first neobank built exclusively for African manufacturers.
Niteon, founded by Nigerian entrepreneurs Tony Nwose and Daniel Chukwuemelie, the US-based startup has already established itself as a key bridge between verified African producers, including agriculture, fabrics, and minerals, and global buyers.
With operations spanning the US, UK, Canada and South Asia, and a recent FDA Global Partner License granting access to the United States, Niteon is rapidly positioning itself as a powerhouse in African digital trade.
The launch of Niteon Capital comes as the company gears up for a $1.5 million equity and $5 million debt seed round, signaling its expansion into fintech infrastructure to address one of Africa’s most persistent challenges: access to finance for manufacturers.
Tony Nwose, CEO of Niteon said, “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.”
Co-founder Daniel Chukwuemelie described the initiative as a transformative step for African trade. He said, “We’re not just scaling a platform. We’re building the financial engine behind Africa’s industrial growth story.”
Backed by global players including Seedstars, Tomi Davis, TVC Labs, Zenith Bank, and the Development Bank of Nigeria, Niteon is positioning itself as a TradeTech leader. With its $1.5 million equity and $5 million debt seed round now open to strategic partners, the company plans to onboard over 20,000 manufacturers by the fourth quarter of 2025.
This move is more than a fintech launch, it is a blueprint for how Africa can finance its industrial future, from the factory floor to the global marketplace.
Unlike conventional digital banks, Niteon Capital is tailored specifically for manufacturers and exporters. The neobank offers invoice and procurement financing to help factories fulfill large purchase orders without cash flow delays, sharia-compliant financing for ethical funding in Northern Nigeria and other Islamic markets, and export wallet accounts with built-in tax advantages, carbon credit earnings, and multi-currency support. It also provides medium-term infrastructure loans to upgrade machinery, facilities, and logistics, helping African manufacturers meet global standards.
Embedded directly into Niteon’s growing export ecosystem, the neobank reduces friction between buyers, sellers, logistics providers, and now banking.
