Income and employment verification technology provider Argyle raises $55M. Argyle competitors include Atomic, Pinwheel, Sterling, Wage, Truework, Accurate Background, and Finch.

Argyle, an employment data platform, has raised $55M in a Series B that drew participation from SignalFire, Bain Capital Ventures, and Bedrock Capital, among others.

HOW’S THE COMPANY PERFORMING?

• New York-based Argyle provides companies with real-time access to user-permissioned employment and income records.
• The company’s client base sits at over 500K and includes 60% of the Fortune 500. Some of its clients include Brightside, Buckle, Maxwell, Stately Credit, and OneBlinc.
• Its data network covers 170M+ US employees.
• Argyle established a strategic partnership with Finlocker in November 2021 in order to help consumers qualify for mortgages.

Source: Argyle

WHY DOES THE MARKET MATTER?

• The global HR payroll software market is expected to reach a value of $5.9B by 2025, growing at a CAGR of 4.9%, according to Apex Market Research.
• The on-demand economy, the increasing popularity of flexible payment methods, and the rise of distributed workforces amid Covid-19 have contributed to market growth.

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