- Payroll connectivity platform Argyle announced that it has onboarded more than 35 new customers year over year.
- The New York-based company also unveiled the latest edition of its platform, Argyle 2.0.
- Argyle made its Finovate debut last May at FinovateSpring 2022.
Payroll connectivity platform Argyle is crediting its new customers – more than 35 of them – for doubling the number of customer verifications the company has facilitated year over year. The announcements from the New York-based firm arrive as the company unveils the latest edition of its technology, Argyle 2.0.
“We’ve packaged five years of learning and innovation into our next-gen platform to continue automating critical workflows, reducing business risk, and providing exceptional experiences,” Argyle founder and CEO Shmulik Fishman said. “The growth of our company over the past year echoes the demand for real-time access to reliable, direct-source data.”
Argyle offers businesses direct-source data portability tools for mortgage, lending, banking, background, and tenant screening, among other use cases. With Argyle 2.0 the company seeks to change the way businesses are able to retrieve and use income and employment data – a key factor in expanding access to financial services. Lake Michigan Credit Union VP of Mortgage Strategy John Harpst praised the company’s technology for its ability to provide “a complete picture for the member without the concern that we missed important information that could affect the outcome of their loan approval.”
Argyle’s new platform also features updates to Argyle Link, Console, and API. Argyle Link is the platform’s front-end interface which enables consumers to connect their accounts and share income and employment data with service providers in real-time. Argyle Link also supports the manual upload of income documents. The company notes that it covers more than 210 million U.S. consumers and 95% of Fortune 1000 companies. This enables Argyle to achieve a verification “hit rate” that is 5x better than other solutions.
Founded in 2018, Argyle made its Finovate debut at FinovateSpring 2022. At the conference, company co-founder and COO Billy Marsden demoed the latest design update of Argyle’s platform. The redesign helped increase transparency, decrease drop-off rates, and improve the overall look at feel of the technology for end users.
Argyle has raised more than $77 million in funding, according to Crunchbase. The company’s investors include Bain Capital Ventures and Checkr.