Argyle, a provider of income and employment data, has announced a strategic investment round with new participation from Mastercard alongside continued support from current investors Bain Capital Ventures, Checkr, Rockefeller Asset Management and SignalFire.
The investment reflects growing market demand for modern, consumer-permissioned verifications.
“This investment is more than capital – it’s validation,” says Shmulik Fishman, CEO of Argyle, in a release. “We’re deepening our ability to serve customers with a comprehensive verification platform built on real-time payroll connections and open finance capabilities. By combining these strengths, we’re eliminating friction from verification workflows and giving lenders, fintechs and tenant screeners a smarter path to faster, more accurate decisions.”
Building on the June launch of verification of assets powered by Mastercard open finance technology, Argyle now offers customers a unified platform for income, employment and asset verification that enables customers to access real-time, consumer-permissioned payroll connections covering 90% of the U.S. workforce with Argyle-alongside consumer-permissioned bank connections from Mastercard for complete verification waterfalls.
It also enables lenders to generate GSE-compliant reports supporting verification of income (VOI), verification of employment (VOE), verification of assets (VOA) and combined verification of assets/income (VOAI) from one platform.
In addition, lenders can get dedicated, hands-on support from Argyle across all verification types.
“Argyle has built critical infrastructure for a category that’s long been overlooked by modern fintech,” says Ajay Agarwal, partner at Bain Capital Ventures. “We’ve supported the company from the early stages, and this latest round reflects our continued belief in their team, their momentum and the long-term potential of consumer-permissioned data to transform verifications across financial services.”
Photo: Giorgio Trovato