Chimney Doubles its Growth in 2024, Now Serving Over 150 Financial Institutions Nationwide

Matthew Covi

​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 Matthew 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

• Chimney expanded to serve over 150 financial institutions with its suite of products designed to elevate digital experiences and build stronger digital relationships.
• The company generated over 2,000 loan applications for clients using Chimney Home, demonstrating the platform’s ability to deliver tangible results.
• 100,000 homeowners enrolled in Chimney’s My Home Tracker, with 30% active monthly.
• The company’s financial calculators engaged 31.3 million users in 2024, a 40% year-over-year increase, resulting in 250,000 clicks to apply, learn more, or take the next step, an 80% year-over-year increase.

 
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:

• Alkami Co:lab 2024: Co-founder and CRO Chase Neinken showcased Chimney Home, highlighting Chimney’s ability to enhance financial experiences for homeowners.
• NACUSO Next Big Idea Competition: Co-founder and CEO Matthew Covi presented Chimney’s innovative approach to leveraging property data within digital banking platforms.
• American Banker & Beacon Digital Forum, "Navigating the Future of Fintech & AI": Neinken discussed AI’s role in fintech marketing.
• Banking Transformed Podcast: Covi joined Jim Marous to discuss how Chimney helps financial institutions compete for wallet share in the digital age.

 
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.

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