Argyle, a New York-based employment data platform provider, raised $55M in Series B funding.
The round was led by SignalFire with participation from current investors including Bain Capital Ventures, Bedrock, and Checkr. In conjunction with the funding, Ilya Kirnos, Founding Partner at SignalFire, will join the Argyle Board of Directors alongside Bain Capital Ventures Partner Ajay Agarwal, Checkr Co-founder and CEO Daniel Yanisse, and Argyle Founder and CEO Shmulik Fishman.
The company intends to use the funds to accelerate the growth of its in-house engineering team, accelerate international expansion, and scale its go-to-market operations.
Led by CEO Shmulik Fishman, Argyle is building an user-consent-based platform for employment data, helping people avoid situations where their personal information is sold or used without their consent or knowledge. With Argyle, any business can process income and work verifications, gain real-time transparency into earnings, as well as view and update worker profile details.
Argyle’s coverage includes over 500,000 U.S. employers, including 60% of the Fortune 500, close to 100% of gig workers, and 170+ million U.S. employees.