Niteon Launches Africa's First Manufacturers' Neobank to Boost Export Market

Niteon, a digital export giant, launched Niteon Capital, Africa's first manufacturer-focused neobank, to tap into the $200 billion export market potential. The neobank, founded by Tony Nwose and Daniel Chukwuemelie, targets African manufacturers seeking financial solutions for international trade.

Niteon Capital offers tailored services like Invoice Procurement Financing, large order Financing, and Export Wallet Accounts to bridge financial gaps and support infrastructure upgrades for exporters. With operations in the US, UK, Canada, and South Asia, Niteon aims to revolutionize digital trade for African manufacturers, especially those facing challenges with traditional banking systems.

The neobank's focus on the export sector is set to boost Africa's presence in the global market.