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Craft Silicon

“Can a Kenyan-origin core banking software house become the dominant embedded finance infrastructure platform for banks and microfinance institutions across Africa and Asia?”

Founded2000
HQNairobi, Kenya
IndustryInfrastructure / BaaS
The story

Founded in 2000 as a Kenyan core banking software house, Craft Silicon built its initial business serving banks and microfinance institutions across Africa with its Bankers Realm platform. Over two decades it expanded geographically into Asia (India office in Bangalore) and added a broad suite of embedded financial products including switching, electronic payments, mobile banking, and digital lending. The company has evolved from a pure software vendor into an embedded finance infrastructure provider offering Banking-as-a-Service, BNPL (Spotit), and a modular open API core banking product (Nimble), positioning itself as a full-stack fintech platform for financial institutions across 30+ countries.

Last 12 months
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Product timeline
2000
Founded in Nairobi, Kenya as a software house focused on core banking, microfinance, switching and electronic payments.· banking
2010
Expanded internationally with offices in Bangalore, India to serve Asian APAC market.· pivot
2020
Launched Banking-as-a-Service (BaaS) product offering alongside expanded digital banking suite including Mobile Banking, USSD Enablement, and Internet Banking.· banking
2022
Launched Spotit, a Buy Now Pay Later / Get Now Pay Later (GNPL) platform for banks, merchants and individuals.· lending
2023
Launched Nimble open API core banking solution targeting next-generation institutions and SME lending.· banking
2024
Expanded product portfolio to include comprehensive loan origination suite covering microfinance, MSME, vehicle, gold, and co-lending management.· lending
The stack
2 layers disclosed in Craft Silicon’s embedded-finance stack
Lending
Spotit (Buy Now Pay Later / Get Now Pay Later)Loans on PhoneMicrofinance Loan OriginationMSME Loan OriginationVehicle Loan OriginationGold Loan OriginationCo-lending ManagementCore Loan ManagementCollections ManagementOverdue ManagementGLOW - Group Loan Origination SystemIL-OS - Individual Loan Origination SystemNimble - Business Loan Origination System
KYC
in the full report
Accounting gap: minor
2 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.