Argyle Funding, Investors & Competitors

Argyle has raised $108M across 4 funding rounds, most recently a $30M Series C in March 2024.

Last Argyle funding round

$30M

Series C · Mar 2024

Cumulative funding Argyle raised

$108M

across 4 funding rounds

Key investors in Argyle

  • Bain Capital Ventures
  • Checkr
  • SignalFire
  • Bedrock
  • F-Prime
  • Operator Partners
  • Xffirmers
  • Rockefeller Capital Management

Argyle Overview

About Argyle

Argyle is a San Francisco-headquartered fintech providing direct-source verifications of income, employment, and assets from payroll and bank data. Founded in 2018, it serves mortgage lenders, tenant screeners, and gig platforms with API integrations that cut costs by 80% versus legacy providers. Recognized by Fast Company as a 2024 Most Innovative Company, Argyle covers 96% of Fortune 1000 payrolls and supplies data for Fannie Mae's Desktop Underwriter and Freddie Mac's AIM, backed by over $100 million in funding from Bain Capital Ventures and others.


Founded

2018

HQ

United StatesNew York City, NY

Website

argyle.com

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based

Argyle Funding History

Argyle has raised a total of $108M across 4 funding rounds.

Argyle's first fundraising round was a $3M seed round in September 2019. The most recent completed round was a $30M Series C in March 2024.

Argyle funding rounds

Argyle funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2024Series CRockefeller Capital Management (lead); SignalFire; Checkr; Bain Capital Ventures$30MArgyle, founded in 2018, is the leading provider of direct-source income and employment data, enabling companies to automate workflows like income and employment verifications, deposit switches, wage advances, and loan repayments. The platform serves industries including mortgage, background checks, personal lending, banking, and the gig economy, offering real-time payroll connections with coverage for 90% of the U.S. workforce. It has processed over 1.6 million annual verifications and achieved 3.6X growth in bookings the prior year, while generating up to 80% cost savings for customers through integrations with partners like ICE, nCino, Dark Matter’s Empower LOS, Fannie Mae’s Desktop Underwriter, and Freddie Mac’s Loan Product Advisor. On March 5, 2024, Argyle closed a $30 million Series C funding round led by Rockefeller Asset Management’s Fintech Innovation Fund, with participation from returning investors Bain Capital Ventures, SignalFire, and Checkr. The growth capital, structured as a mix of equity and debt, brought total funding raised since inception to over $100 million and provides runway to profitability by 2026 as an enterprise-grade service provider. Rockefeller Portfolio Manager Chris Randazzo joined the board, citing Argyle’s market disruption and partnerships. The funds aim to fuel platform adoption, expansion, and improvements in verification experiences for priority verticals. CEO Shmulik Fishman highlighted the company’s evolution from product-driven to people-driven, emphasizing accurate data and enhanced consumer experiences. The round underscores investor confidence in Argyle’s verticalized, direct-source model amid demand for consumer-permissioned verifications in financial services.
Mar 2022Series BSignalFire (lead); Xffirmers; Checkr; Bedrock; Bain Capital Ventures$55MArgyle is an employment data platform that provides companies with real-time access to user-permissioned employment records, enabling income, employment, and asset verifications to reinvent credit decisioning for lenders and support gig, creator economy, and contract workers. The $55 million Series B round, announced in March 2022 and led by SignalFire, included participation from Bain Capital Ventures, Bedrock, and Checkr, bringing total funding to over $77 million following a $20 million Series A and $2.6 million seed. Funds were allocated to expand the in-house engineering team, pursue international growth, and scale go-to-market operations. Argyle's platform addresses gaps in traditional employment data systems like those from Equifax by offering real-time, permissioned data equitable for all workers, not just full-time employees. At the time, it served over 500,000 U.S. employers, nearly all gig workers, 60% of Fortune 500 companies, and covered more than 170 million employees. The company reported its fastest growth year to date, with adoption exceeding expectations among consumers, financial institutions, and employers seeking alternatives to static legacy data. SignalFire's Ilya Kirnos joined the board alongside representatives from Bain Capital Ventures and Checkr. Later in 2022, Argyle launched a self-service tool for consumer access to employment records and claimed 10x growth since its prior round, though it conducted layoffs affecting 6.5% of its team (20 employees) in August amid competitive pressures, including from Plaid's income verification services.
Oct 2020Series ABain Capital Ventures (lead); F-Prime; Checkr; Bedrock; Operator Partners$20MArgyle is a fintech platform providing a modern API for automated income and employment verification by connecting directly to employment systems, addressing challenges in verifying hourly workers' data for onboarding, credit, and insurance. Founders Shmulik Fishman, Billy Marsden, and Audrius Zujus drew from experience at Stratim, an on-demand valet parking company, to build compliant, transparent solutions including employment monitoring and direct deposit reconfiguration. The company launched in 2018 in New York City, focusing on unlocking access to employment records. On October 14, 2020, Argyle raised $20 million in a Series A round led by Bain Capital Ventures, with participation from Bedrock, F-Prime Capital, and angels like Zach Abrams (Brex), Aaron Frank (Final), and Nat Turner/Zach Weinberg (Flatiron Health). This followed a $2.6 million seed round in September 2019 co-led by Bain Capital Ventures and Checkr. The Series A aimed to scale the platform and expand market reach, building on rapid execution and technical advancements since seed. Argyle has continued fundraising, including a $55 million Series B in March 2022 led by SignalFire and later rounds up to Series C in 2024-2025, totaling over $107 million. Customers include Regional Finance, ALCOVA Mortgage, NFM Lending, Checkr, and Snappt.
Sep 2019SeedBain Capital Ventures (lead); Checkr (lead)$3MArgyle raised $2.6 million in a seed round in September 2019 from Bain Capital Ventures and Checkr. The funding supported the development and launch of Argyle's platform for automated income and employment verification. Argyle provides infrastructure enabling consumers to connect their workforce platforms to businesses in sectors like lending, banking, insurance, and healthcare for verifying income, employment, monitoring cash-on-hand in real-time, and assessing credibility. Founded in 2018, Argyle normalizes data from workforce platforms to make it actionable for businesses. The company aims to create industry standards for accessing uniform worker data amid shifts toward freelancing and flexible work models. CEO Shmulik Fishman noted the financing would expand the Argyle Data Network and product suite.

Who has invested in Argyle?

8 investors have backed Argyle across its funding rounds, including Bain Capital Ventures, Checkr, SignalFire, Bedrock, F-Prime and Operator Partners.

Lead investors include Rockefeller Capital Management, SignalFire, Bain Capital Ventures and Checkr.


Argyle Investors

Investors in Argyle by funding rounds participated
InvestorHQRoundsRoleFirst check
CheckrUnited StatesSan Francisco, CA4LeadSep 2019
Bain Capital VenturesUnited StatesSan Francisco, CA4LeadSep 2019
SignalFireUnited StatesSan Francisco, CA2LeadMar 2022
BedrockUnited StatesLos Angeles, CA2ParticipantOct 2020
XffirmersUnited StatesSan Francisco, CA1ParticipantMar 2022
F-PrimeUnited StatesUnited States1ParticipantOct 2020

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Argyle Competitors

Argyle competitors include listed companies like S&P Global, Intercontinental Exchange, Moody's and Bajaj Finance, and private ones like Yubi and JD Digits.

Public and private companies comparable to Argyle
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
YubiIndiaChennaiPrivate--$1.3B-
S&P GlobalUnited StatesUnited StatesPublicly listed$15B$7.7B$119B9.1x
Intercontinental ExchangeUnited StatesUnited StatesPublicly listed$13B$6.6B$86B9.7x
Moody'sUnited StatesUnited StatesPublicly listed$7.7B$3.8B$80B10.6x
Bajaj FinanceIndiaIndiaPublicly listed$5.2B$2.7B$66B16.6x
JD DigitsChinaBeijingPrivate--$18B-

Argyle Public Comps

Argyle is still privately-owned, but its public comps include S&P Global, Intercontinental Exchange, Moody's, Bajaj Finance, London Stock Exchange Group, Nasdaq, Thomson Reuters, East Money, MSCI and Experian.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
Intercontinental Exchange$13B$6.6B8.2x9.7x15.8x14.4x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x
Bajaj Finance$5.2B$2.7B19.8x16.6x37.3x29.7x
London Stock Exchange Group$13B$5.9B5.5x5.4x11.6x10.6x
Nasdaq$8.3B$3.1B7.0x10.0x18.6x16.9x
Thomson Reuters$7.5B$3B6.1x5.8x15.3x14.5x
East Money$2.4B$2.1B5.1x4.3x5.7x4.8x

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Common questions about Argyle

When was Argyle founded?Argyle was founded in 2018.
Where is Argyle headquartered?Argyle is headquartered in New York City, NY, United States.
Is Argyle publicly listed?No, Argyle is a private, VC-backed company.
How much funding has Argyle raised?Argyle has raised $108M across 4 funding rounds.
What was Argyle's last funding round?Argyle's last funding round was a $30M Series C in March 2024, led by Rockefeller Capital Management.
Who are Argyle's investors?Argyle's investors include Checkr, Bain Capital Ventures, SignalFire, Bedrock, Xffirmers, F-Prime, Rockefeller Capital Management and Operator Partners.
Which companies are comparable to Argyle?Companies comparable to Argyle include Yubi, S&P Global, Intercontinental Exchange, Moody's, Bajaj Finance and JD Digits.

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