Employment data platform Argyle lands $55m Series B to “reinvent credit decisioning”
New York-based employment data platform Argyle has secured a $55 million Series B financing round.
Argyle will use the $55m to expand its team and global footprint
The round was led by SignalFire and saw participation from current investors Bain Capital Ventures, Bedrock and Checkr, among others.
Argyle says this latest funding will be used to expand its in-house engineering team, support its international expansion and scale the company’s go-to-market operations.
The firm provides user-permissioned employment data and income verification to lending companies so that they can make informed lending decisions.
It says it wants to ensure broader financial access for all consumers by addressing identity, employment and income verification “in a holistic and equitable way”.
SignalFire founding partner Ilya Kirnos, who will also join Argyle’s board of directors, says: “The meteoric rise of contractors, gig workers and the creator economy necessitates new financial data infrastructure.”
Argyle’s coverage includes more than 500,000 US employers, including 60% of the Fortune 500, close to 100% of gig workers and more than 170 million US employees.
