Niteon, one of Nige- ria’s largest digital export marketplace, has announced the launch of Niteon Capital, the first neobank built specifically for African manufacturers.
Founded by Nigerian entrepreneurs, Tony Nwose and Daniel Chukwuemelie, the US-based startup has already built a reputation for helping verified African manufacturers, spanning agriculture, fabrics and minerals products connect seamlessly to international buyers.
With operational footprints in the US, UK, Canada, and South Asia, and a recent FDA Global Partner License unlocking export access to the United States, Niteon is already a formidable force in African digital trade.
The launch of Niteon Capital (www. niteoncapital.com), comes as the company gears up for its $1.5 million equity and $5 million debt seed round, signalling a bold expansion into fintech infrastructure to complement its fast-growing marketplace, and taking aim at a deeper, more entrenched problem: Manufacturers’ finance.
“African manufacturers are doing the hard work, but they’re being underserved by traditional banks. There’s no financial infrastructure built for them,” says CEO Tony Nwose. “Niteon Capital changes that.”
The Manufacturer’s Bank: Tailored Trade Finance at Last.
Unlike conventional digital banks, Niteon Capital isn’t designed for just anyone. It’s engineered specifically for manufacturers and exporters.
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