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Based in New York, Argyle Data provides an IaaS platform that enables secure, authorized access to workforce data and income verification through a single API. The enterprise software company processes over 1.6 million annual verifications and provides data coverage for more than 170 million workers across half a million United States employers. Operating as a dedicated B2B software platform, the system serves financial services firms, mortgage lenders, and insurance providers by connecting to traditional employment databases and gig economy networks like Uber and Fiverr. To support its ongoing platform development and the recent Link 4.0 design update, Argyle Data has raised $80 million in total venture funding from prominent investors including SignalFire, Bain Capital Ventures, and Checkr. The remote enterprise technology organization was officially founded in 2018 by Shmulik Fishman, Audrius Zujus, and Chris Hansen.
Argyle Data has raised $14.0M across 4 funding rounds.
Argyle Data has raised $14.0M in total across 4 funding rounds.
Argyle is a fintech company founded in 2018 that provides a consumer-permissioned platform for real-time income, employment, and asset verifications using direct-source data from payroll, banking, and documents.[1][2][3][5] It serves industries like mortgage, personal lending, tenant screening, background checks, gig economy services, and insurance by automating manual verification processes, reducing fraud risks, improving compliance, and enhancing customer experiences with higher conversion rates (up to 55%+) and broader U.S. workforce coverage (90%).[1][3][5][6] Named one of America’s Best Startup Employers of 2025 by Forbes, Argyle has raised over $100M, including a Series C in 2024 and early investment from F-Prime Capital in 2020, enabling rapid growth to nearly 2,000 employees in a fully remote model headquartered in New York.[2][5]
The platform offers GSE-approved reports, 170+ API data fields across eight categories, and features like authenticity scores, invite reminders, and direct deposit switching, replacing high-friction legacy methods with scalable, pay-per-use automation.[1][3][6]
Argyle was founded in 2018 in New York by a team aiming to reimagine employment data access by creating a single global point for verifications, earnings insights, and worker profiles.[2][5] The idea emerged from recognizing barriers between workers, their income sources, and service providers—such as slow, manual payroll calls—and leveraging consumer-permissioned connections to payroll and banks for real-time data.[2][3][6] Early traction came via investments like F-Prime Capital's 2020 round, partnerships with Fortune 500 firms, and authorization as a report supplier for Fannie Mae’s Desktop Underwriter and Freddie Mac’s AIM, fueling expansion into mortgage and lending.[2][3][5] Pivotal moments include processing the industry's largest volume of verifications, building a self-learning data network, and a 2024 Series C that solidified its market lead.[1][5]
(Note: Search results distinguish this Argyle from an unrelated, acquired big data analytics firm "Argyle Data" from San Mateo, focused on Hadoop-based machine learning.[4])
Argyle rides the open banking and embedded finance wave, where consumer-permissioned data access replaces outdated phone/fax verifications amid rising demand for speed in lending, renting, and gig services.[3][6] Timing is ideal post-2018 amid regulatory shifts like Fannie Mae/Freddie Mac validations and gig economy growth, enabling Day 1 Certainty for mortgages and faster DTI calculations.[1][5] Market forces favoring it include fraud pressures, manual process costs, and AI-driven automation needs, with Argyle's 90% coverage and real-time streams positioning it as infrastructure for fintechs scaling sophisticated products.[1][3] It influences the ecosystem by modernizing verifications for 1900+ employees' scale, partnering with data providers, and boosting ecosystem efficiency for lenders and platforms.[5][6]
Argyle is poised to dominate as the universal employment data network, expanding globally and deepening integrations for AI-powered lending, insurance underwriting, and HR tools amid open banking maturation.[2][6] Trends like paycheck-linked products and gig worker data will propel growth, potentially via acquisitions or further VC to hit unicorn status post-Series C. Its influence may evolve into a full income OS, tying back to its core mission of frictionless, direct-source access that powers faster, fairer financial decisions.[3][5]
Argyle Data has raised $14.0M across 4 funding rounds. Most recently, it raised $6.0M Series C in January 2013.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2013 | $6M Series C | — | Better Food Ventures, Rami Elkhatib | Announced |
| Jul 1, 2012 | $2M Series U | — | Better Food Ventures, Rami Elkhatib | Announced |
| Oct 1, 2010 | $4M Series B | — | Better Food Ventures, Rami Elkhatib | Announced |
| Jun 1, 2010 | $2M Series A | — | Better Food Ventures, Rami Elkhatib | Announced |
Argyle Data has raised $14.0M in total across 4 funding rounds.
Argyle Data's investors include Better Food Ventures, Rami Elkhatib.
