Source: Argyle
Argyle, the leading verification platform for direct-source income and employment data, has announced a strategic investment round with new participation from Mastercard, alongside continued support from current investors Bain Capital Ventures, Checkr, Rockefeller Asset Management, and SignalFire. The investment reflects growing market demand for modern, consumer-permissioned verifications.
“This investment is more than capital – it’s validation,” said Shmulik Fishman, chief executive officer of Argyle.
“We’re deepening our ability to serve customers with a comprehensive verification platform built on real-time payroll connections and Open Finance capabilities. By combining these strengths, we’re eliminating friction from verification workflows and giving lenders, fintechs and tenant screeners a smarter path to faster, more accurate decisions.”
Building on the June launch of verification of assets powered by Mastercard Open Finance technology, Argyle now offers customers a unified platform for income, employment and asset verification that enables customers to:
- Access real-time, consumer-permissioned payroll connections covering 90% of the US workforce with Argyle – alongside consumer-permissioned bank connections from Mastercard for complete verification waterfalls
- Generate GSE-compliant reports supporting verification of income (VOI), verification of employment (VOE), verification of assets (VOA) and combined verification of assets/income (VOAI) from one platform
- Get dedicated, hands-on support from Argyle across all verification types.
“Argyle has built critical infrastructure for a category that’s long been overlooked by modern fintech,” said Ajay Agarwal, partner at Bain Capital Ventures.
“We’ve supported the company from the early stages, and this latest round reflects our continued belief in their team, their momentum and the long-term potential of consumer-permissioned data to transform verifications across financial services.”
Argyle has become the modern standard for verifying income, employment and now assets through its direct‑source payroll and banking connections, which are further supported by a document‑based verification fallback. Customers across industries are seeing measurable results:
- Checkr cut verification timelines from days to seconds at 90% lower cost than legacy solutions.
- Snappt increased renter application pull‑through by more than 30% while eliminating fraud using Argyle’s direct‑source data.
- Regional Finance automated verifications for more than 65% of borrowers, reducing application processing time by up to 15 minutes.
- Mutual of Omaha saved more than $50,000 per month on verification costs.
- NFM Lending reduced the time it takes to get loans from application to clear-to-close by 10 days.
- Lake Michigan Credit Union saved $100 per loan by switching to Argyle.
The list goes on. Argyle is transforming verification efficiency and accuracy for leading lenders, fintechs and rental and background screeners nationwide.
Further reading: Argyle expands I&E verification platform with Mastercard’s Open Finance technology
Mastercard is a Gold Supporter of Open Banking Expo UK & Europe 2025, taking place at the Business Design Centre in London on 21-22 October. Click here to find out more about attending, exhibiting and partnerships – and to get your ticket.
