“Can a Kenyan-origin core banking software house become the dominant embedded finance infrastructure platform for banks and microfinance institutions across Africa and Asia?”
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.
Craft Silicon uses Karza Technologies and Surepass for KYC and identity verification.
The Embedded Finance Index 2026 maps 2 layers in Craft Silicon's stack: Lending (Spotit (Buy Now Pay Later / Get Now Pay Later), Loans on Phone, Microfinance Loan Origination, MSME Loan Origination and 9 others); KYC (Karza Technologies and Surepass).
Craft Silicon is founded in 2000 and headquartered in Nairobi, Kenya.
Get a read on where your own stack stands against Craft Silicon and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.