Niteon_2025
By Oluchi Omai
LAGOS – Niteon, a leading Nigerian digital export marketplace, has announced the launch of Niteon Capital, the first neobank specifically designed for African manufacturers. The move aims to address long-standing financial barriers faced by producers across the continent and tap into a $200 billion digital export market.
Founded by entrepreneurs Tony Nwose and Daniel Chukwuemelie, the US-based company has already established a strong presence in international trade, with operations in the US, UK, Canada, and South Asia. Its recent FDA Global Partner License further enables African manufacturers to export goods to the United States seamlessly.
Niteon Capital (www.niteoncapital.com) arrives as the company prepares for a $1.5 million equity and $5 million debt seed round. This funding will support the expansion of its fintech infrastructure, complementing its core marketplace and tackling a critical challenge: manufacturer financing.
“African manufacturers are doing the hard work, but they’re being underserved by traditional banks. There’s no financial infrastructure built for them,” said Tony Nwose, CEO of Niteon. “Niteon Capital changes that.”
The new neobank offers a suite of tailored financial services, including:
- Invoice and procurement financing to help factories manage cash flow for large orders.
- Sharia-compliant financing to serve manufacturers in Northern Nigeria and other Islamic markets.
- Export Wallet Accounts with tax benefits, carbon credit earnings, and multi-currency support.
- Infrastructure loans for upgrading machinery, facilities, and logistics.
Integrated directly into Niteon’s export ecosystem, the platform reduces friction between buyers, sellers, logistics providers, and financial services.
Co-founder Daniel Chukwuemelie emphasized the broader vision: “We’re not just scaling a platform. We’re building the financial engine behind Africa’s industrial growth story.”
Backed by global and local partners, including Seedstars, Tomi Davis, TVC Labs, Zenith Bank, and the Development Bank of Nigeria, Niteon is positioning itself as a TradeTech leader. The seed funding will accelerate neobank expansion, AI integration, and the onboarding of over 20,000 manufacturers by Q4 2025.
Niteon Capital represents more than a fintech product—it is a foundational step toward financing Africa’s industrial future from the factory floor to the global market.
For more information, visit:
www.niteon.co | www.niteoncapital.com
Contact: admin@niteon.co
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