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Argyle secures funding to accelerate open finance infrastructure for verifications
- Argyle secured a strategic investment round from Mastercard and existing investors Bain Capital Ventures, Checkr, Rockefeller Asset Management, and SignalFire to enhance its verification platform for income and employment data.
- The investment is driven by a growing market for consumer-permissioned verifications, as noted by Ajay Agarwal from Bain Capital Ventures.
- Checkr reported that Argyle cut verification timelines from days to seconds at a cost reduction of 90% compared to legacy solutions.
- Argyle serves as an authorized report supplier for Fannie Mae and Freddie Mac, thereby automating verification processes for lenders and improving loan quality significantly.
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12 Articles
12 Articles
Verification Specialist Argyle Announces Strategic Investment from Mastercard
Verification platform Argyle announced a strategic investment round that featured participation from Mastercard, Bain Capital Ventures, Checkr, Rockefeller Asset Management, and SignalFire. The investment follows Argyle’s launch of verification of assets powered by Mastercard’s open finance technology earlier this year. New York-based Argyle made its Finovate debut at FinovateSpring 2022 in San Francisco. Shmulik Fishman is Co-Founder and CEO. C…
Coverage Details
Total News Sources12
Leaning Left5Leaning Right0Center3Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
C 37%
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