Chimney™, a fintech company transforming how financial institutions use property data, announced a remarkable year of growth in 2024, adding 49 new financial institutions to its platform and reachin...
Chimney’s suite of financial guidance tools continues to grow with new partnerships, industry recognition, and expanded user engagement
NEW YORK: Chimney™, a fintech company transforming how financial institutions use property data, announced a remarkable year of growth in 2024, adding 49 new financial institutions to its platform and reaching a total of over 150 clients nationwide. The company achieved significant milestones, including cash flow profitability, 100% year-over-year growth, and increased engagement with its innovative tools.
"The success we had with Chimney Home in 2024 underscores the critical need for financial institutions to better engage homeowners in managing their financial lives. Home equity is the largest source of wealth for Americans,” said Covi, CEO of Chimney. “As we head into 2025, we’re inspired to continue empowering banks and credit unions to make homeownership a cornerstone of financial wellness, fostering deeper connections and driving meaningful impact in the communities they serve."
Chimney continues to empower financial institutions to deepen relationships with millions of Americans by meeting them where they are—on digital platforms with personalized, data-driven solutions. The company’s achievements in 2024 include:
Record Client Growth & Product Engagement
By meeting customers and members where they are—on digital platforms with personalized, data-driven tools—Chimney is helping financial institutions foster stronger, longer-lasting relationships. As a result, financial institutions that use Chimney generate more deposits and fund more loans with intelligent recommendations delivered via digital platforms.
Expanded Partnerships
Chimney partnered with leading digital banking providers, including Alkami, Jack Henry and Lumin, broadening access to Chimney’s property-based financial tools.
Showcased Chimney’s Vision at Key Events
In addition to its milestone growth, Chimney’s team was invited to present at several leading tradeshows, including:
Gave Back to the Communities We Serve
Chimney also supported communities through various initiatives with contributions to the GoWest Foundation fundraiser for Children’s Miracle Network, Stand Up to Cancer at Jack Henry Connect, and InTheCellar Initiative.
About Chimney
Chimney’s tools and APIs help users track home value, understand borrowing power, and easily access home equity - all right within their banking app. With its embedded financial platform, Chimney gives homeowners the personalized guidance and insights they need, when they need it, to make smarter financial decisions. By leveraging open bank data, Chimney’s platform enables financial institutions to engage homeowners with proactive product recommendations and other embedded offers unique to each homeowner’s financial situation. Chimney’s homeownership platform is the latest addition to the company’s product suite, which includes its award-winning financial calculators. Winner of the FinovateSpring 2021 Best of Show, Chimney’s solutions are built for the digital age – designed to engage and win more customers, capture better customer data and move leads faster. That’s why the company is trusted by over 80 of the top financial institutions nationwide, including banks, credit unions and lenders.
For more information, visit www.chimney.io.
Fonte: Business Wire
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