LoanBee builds innovative tools in credit scoring and fraud mitigation to power new models of lending. The company uses alternative sources of data, such as mobile phone data, together with machine learning algorithms to score a user’s credit worthiness. This process is automated and takes just five minutes. LoanBee’s service targets people and businesses in the informal sector in Sub-Saharan Africa. As they do not have bank accounts and cannot be scored by the traditional existing Credit Reference Bureaus, they miss out on the benefits of credit economy such as loans, credit cards and goods and services offered on credit. This unmet financial need is valued at US $19 billion in Kenya and US $331 in Sub-Saharan Africa as per the Global Findex Database 2017.