Total amount raised
$107.6 Million
Latest funding date
03/01/2024
Location
Argyle has successfully raised funding over six rounds, with the latest being a Venture - Series Unknown round. The company is backed by nine investors, including Rockefeller Capital Management and SignalFire.
Argyle's platform automates income, employment, and asset verifications using direct-source, real-time data, offering consumer-permissioned payroll and bank connections. Keep reading to explore the intricacies of Argyle's fundraising journey and the investors backing this innovative platform.
What Is Argyle?
Argyle is a private company based in New York, New York, specializing in automating income, employment, and asset verifications using direct-source, real-time data. The company operates in various industries, including Consumer Lending, Developer APIs, FinTech, Lending, Mortgage, Rental, Rental Property, and Software.
With an employee count ranging from 101 to 250, Argyle provides solutions that reduce costs, increase conversion rates, mitigate risks, and scale businesses. The platform is trusted by leading companies and offers integrations to streamline verification processes across multiple sectors.
How Much Funding Has Argyle Raised?
- Seed Round
- Amount Raised: USD 2,600,000
- Date: September 2019
- Lead Investors: Bain Capital Ventures, Checkr
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch Argyle's platform for automated income and employment verification.
- Series A
- Amount Raised: USD 20,000,000
- Date: October 2020
- Lead Investors: Bain Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand market reach.
- Series B
- Amount Raised: USD 55,000,000
- Date: March 2022
- Lead Investors: SignalFire
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and support rapid growth.
- Series C
- Amount Raised: USD 30,000,000
- Date: March 2024
- Lead Investors: Rockefeller Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel continued adoption and expansion of the platform.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: March 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support sustainable expansion and improve verification experience.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: September 2025
- Lead Investors: Mastercard
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and expand market presence.
Total Amount Raised: USD 107,600,000
Current Valuation: Not publicly disclosed
Key Investors
- Mastercard
- Details: Mastercard is a global payments technology company that connects consumers, financial institutions, merchants, governments, and businesses worldwide. They are known for their extensive network and innovative payment solutions.
- Investment Focus Areas: Payments, FinTech, Digital Security
- Notable Investments: Not publicly disclosed
- Rockefeller Capital Management
- Details: Rockefeller Capital Management is a leading financial services firm offering wealth management, asset management, and strategic advisory services. They have a strong focus on disciplined investment processes and ESG leadership.
- Investment Focus Areas: FinTech, ESG, Global Investing
- Notable Investments: Not publicly disclosed
- SignalFire
- Details: SignalFire is a venture capital firm that leverages data and technology to invest in early-stage startups. They provide operational support and resources to help companies grow.
- Investment Focus Areas: Technology, Healthcare, Consumer Services
- Notable Investments: Grammarly, Ro, Frame.io
- Bain Capital Ventures
- Details: Bain Capital Ventures is a venture capital firm that invests in early to growth-stage startups across various sectors. They are known for their strategic support and extensive network.
- Investment Focus Areas: Technology, Healthcare, Financial Services
- Notable Investments: LinkedIn, DocuSign, Jet.com
- Checkr
- Details: Checkr is a company that provides background check services, focusing on making the hiring process more efficient and fair. They also invest in related HR and employment verification technologies.
- Investment Focus Areas: HR Technology, Employment Verification
- Notable Investments: Not publicly disclosed
What's Next for Argyle?
Argyle stands at the cusp of significant growth opportunities, driven by the increasing demand for automated income and employment verification solutions. With a 360% growth in bookings and the onboarding of over 90 new customers in 2023, the company is well-positioned to expand its platform across various sectors, including mortgage, personal lending, and background screening. The integration with key partners like ICE Mortgage Technology and Fannie Mae further solidifies its market presence.
Future fundraising opportunities appear promising, given the recent $30 million funding round led by Rockefeller Asset Management. This financial backing, coupled with Argyle's impressive growth metrics, suggests potential for additional investments to support further expansion and innovation. However, the company may face challenges such as competition from other verification providers and the need to maintain data accuracy and scalability as it grows.
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