Startup Profile: Dime Alley – TechRound
Dime Alley is an online loan connection service, providing loan services in the United States, helping clients get the financial support they need.
Customers can apply for a loan using Dime Alley’s fully online, fast and easy service, for as little as $ 100 or up to $ 35,000. Dime Alley makes sure they put their clients in touch with the lender who is most likely to approve their loan, based on factors such as loan term and amount requested, income, and credit history.
As a loan connection service, Dime Alley does not charge its clients any brokerage fees, administration fees, or loan application form. Instead, they charge our lending partners a commission if the customer loan investigation is successful.
Dime Alley was founded in 2021 by business partners Ben and Daniel, who, after nearly two years of living the Corona pandemic with the rest of the world, saw the impact it was having on the financial lives of ordinary Americans. .
“We created Dime Alley as a kind of response to the financial situation so many Americans found themselves in during the pandemic,” explained Ben, co-founder of Dime Alley. “A lot of my friends and family were in dire financial straits after losing their jobs and I wanted to do something to help them find some kind of financial relief, and that’s how we created Dime Alley.” .
Daniel, who has over 10 years of experience in the consumer credit industry in the US and UK, added: “Of course loans are not a new concept – they are a strong market for consumers. United States for years! However, we wanted to introduce a service in the post-pandemic world that gives our customers the fastest, easiest, and easiest service available. “
Daniel continued, “As a loan connection service, we want to connect our clients with a financial plan that will put their needs first, not the needs of the lender, and provide a service that aligns with our clients’ demand. , taking into account things like their income and credit, as well as how much they are asking to borrow and for how long.
Dime Alley’s services are open to people with credit histories and financial histories of all kinds, and best of all, applying for a loan from Dime Alley won’t affect a client’s credit rating. Whether you need a product that will tide you over until your next payday, an emergency loan to settle an unexpected bill, or an installment loan, Dime Alley will put you in touch with a lender suited to your needs. needs.
However, not all US citizens can apply for a short term or payday loan with Dime Alley, as the legal status of these products varies by state. Currently, these products are available in 37 states in the United States, including California, Florida, and Texas, but some states have banned these products, including New York and Massachusetts.