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Daniel Massimino

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How The Credit Connection Reached $500,000 in Revenue with a Bootstrapped Loan Readiness Platform (Interview with CEO Daniel Massimino)

Daniel Massimino (Founder and CEO of The Credit Connection) spoke to Nathan Latka on November 2, 2022.

The Credit Connection figures from the interview

Revenue (2022)
$500,000
Customers (2021)
500
ARPU (2022)
$1,000
Team Size (2022)
3
Year Founded
2020
“So essentially, we work with loan professionals across The United States, like loan officers, realtors, even property managers. So anytime a consumer goes to apply for a loan or apply to be approved for credit in the case of, say, getting an apartment, if they get declined, then our partner network sends them to us, where then we essentially take a look at their finances and then their credit report, and essentially strategize and guide them to get to a position where instead of being declined, they're able to get approved within typically about three to four months.”
“So there's actually three models that we use. There's, you know, a monthly model, so the consumer would pay anywhere from 99 to $299 as what's called a first work fee. And then they would pay anywhere from $99 to $199 a month. The second model is a performance based model. So the consumer would pay a first work fee or an enrollment fee of like $299 to $499, and then they're only paying for what we are able to successfully get removed from their credit report. And then you have the final model, which is just a flat one time fee of anywhere from a thousand to $2,000.”
“It's, like, 25% base, 75% performance.”

Read the interview →Watch the recording →

Company

The Credit Connection

Canonsburg, United States · Founded 2020

Revenue
$500K
Team size
6
Customers
500

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