NEW YORK–(BUSINESS WIRE)–Chimney™, the first embedded financial platform that combines financial health data with real estate data to help homeowners make the most of their life’s biggest investment, has been selected for the fall cohort of the Plug and Play Fintech accelerator program. Matthew Covi, co-founder and CEO of Chimney, was also invited to speak at Plug and Play on Wednesday, November 16 about using technology to engage homeowners and unlock home equity. Plug and Play is one of the largest global accelerator programs that connects entrepreneurs, the world’s largest companies and investors together to drive innovation forward.
Chimney was selected from a list of over 1,000 startups to participate in Plug and Play’s Fintech accelerator, a testament to the program’s ultra-competitive selection process. Since 2006, thousands of startups have participated in Plug and Play’s accelerator programs, including organizations valued at $1 billion or more, such as Dropbox, LendingClub and PayPal. Plug and Play’s fintech ecosystem also consists of hundreds of industry-leading financial organizations, as well as hundreds of venture capital firms.
By participating in the program, Chimney will gain new opportunities to connect with decision makers at top financial institutions, as well as network with the world’s most innovative fintech startups. Plug and Play’s fintech vertical specifically aims to re-think innovation in financial services by fast-tracking the innovation strategies of the world’s largest financial institutions.
“Plug and Play works with some of the most forward-thinking financial institutions and promising fintechs in the world, so the team at Chimney is proud to join this renowned accelerator program,” said Matthew Covi, Co-Founder and CEO of Chimney. “Chimney technology is already disrupting how consumers, especially homeowners, communicate with financial institutions. By joining Plug and Play’s innovation ecosystem, Chimney will help more people live healthier financial lives while deepening their relationship with their current financial institution.”
Chimney specializes in helping banks, credit unions, lenders and fintechs engage more customers and members with interactive digital tools, including Chimney’s award-winning financial calculators and its new home ownership platform. Chimney is the first company to combine financial health data with homeowner real estate data to provide homeowners with actionable advice on home value, home equity, borrowing power and pre-qualified offers – directly embedded in online and mobile banking. Today, Chimney serves more than 70 financial institutions in 30 states, which include several top banks and credit unions by asset size, as well as some of the nation’s largest mortgage lenders. This rapid growth shows consumers’ increased demands for tools and resources that are adapted to their buying journey.
“Chimney was selected for this year’s program based on the company’s unique mission, its go-to-market strategy, the strength of its product offerings, and the visionary leadership of its founders. Our corporate partners immediately saw the value in Chimney’s product suite and invited the team to join our Fintech- accelerator program,” said Robbie Coon-Anda, Program Manager, Fintech and Crypto at Plug and Play. “Our goal at Plug and Play is to help industry disruptors, like Chimney, catalyze meaningful change, and our accelerator program ensures that these promising fintechs are well equipped to make a positive impact in an increasingly competitive market, both now and in the future.”
About chimney
Chimney is on a mission to help American homeowners get the most out of their life’s biggest investment: their home. With its built-in financial platform, Chimney gives homeowners the personalized guidance and insight they need, when they need it, to make smarter financial decisions. By leveraging open banking data, Chimney’s platform enables financial institutions to engage homeowners with proactive product recommendations and other built-in offers unique to each homeowner’s financial situation. Chimney’s home ownership 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 70 of the top financial institutions across the country, including banks, credit unions and lenders.
For more information, visit www.chimney.io.
