Niteon Unveils Africa's Trailblazing Manufacturers' Neobank to Tap $200B Digital Export Goldmine

Written By: Flipbz.org

In a landmark push to supercharge Africa's manufacturing sector, Niteon—the powerhouse digital export platform connecting African producers with global buyers—has rolled out NiteonCapital, the continent's inaugural neobank crafted exclusively for manufacturers and exporters.

This innovative financial hub, accessible at niteoncapital.com, tackles head-on the glaring gaps in traditional banking that have long hampered African factories. By delivering specialized trade finance solutions, it empowers producers to navigate cashflow crunches, scale operations, and break into international markets without the usual bureaucratic roadblocks.

NiteonCapital's toolkit is a game-changer for the sector. It offers invoice and procurement financing to help factories seize big orders without upfront capital strains; Sharia-compliant options for ethical funding in regions like Northern Nigeria and other Muslim-majority areas; export wallet accounts boasting tax perks, carbon credit benefits, and multi-currency flexibility; and infrastructure loans for modernizing equipment, plants, or supply chains to match worldwide benchmarks. Seamlessly woven into Niteon's broader ecosystem, it minimizes hassles across the board—from buyer-seller matchmaking to logistics and payments—targeting key industries such as agriculture, textiles, and minerals.

The ambition is massive: Unlocking a $200 billion digital export opportunity by dismantling systemic barriers that stifle trade. Niteon, founded by Nigerian innovators Tony Nwose and Daniel Chukwuemelie and operating from the US with hubs in the UK, Canada, and South Asia, already holds an FDA Global Partner License for seamless US exports. Backed by heavyweights like Seedstars, Tomi Davies, TVC Labs, Zenith Bank, and the Development Bank of Nigeria, the company has secured a $1.5 million equity raise plus $5 million in debt to fuel this expansion. Plans call for onboarding more than 20,000 manufacturers by the end of 2025, cementing Niteon's role as a TradeTech frontrunner.

"African manufacturers are grinding away at the real work, but legacy banks just aren't equipped for them," declared Niteon CEO Tony Nwose. "NiteonCapital flips the script, delivering the financial backbone they deserve." His co-founder, Daniel Chukwuemelie, added: "We're not merely growing a platform—we're igniting the financial spark for Africa's industrial renaissance."

As Africa eyes industrial takeoff, this neobank could prove pivotal in transforming raw potential into global competitiveness, fostering jobs, and driving sustainable economic momentum across the continent.