Argyle, an infrastructure company which helps businesses access workforce data, has netted $2.6m in its seed funding round.
Checkr, a background screening platform, co-led the round alongside venture capital firm Bain Capital Ventures.
The platform is used by enterprises in the lending, banking, insurance, and healthcare sectors. Clients use Argyle to access their consumer’s workforce data to better verify income and employment, monitor cash-on-hand in real-time, and assess the credibility to purchase products and services.
After getting a consumer’s consent, data points such as earnings history, schedules, and ratings are made available from a selection of workforce platforms.
Bain Capital Ventures partner Ajay Agarwal said, “As the employment market continues to undergo seismic shifts and more Americans are freelancing than ever before, there is an increasing need for businesses to access uniform worker data reliably. Argyle offers a non-invasive tool for businesses to better understand customer work history and offer tailored solutions in the form of insurance, banking, benefits and other important work services.”
Last year, Checkr raised its own funding round, pulling in $100m for its Series C. The company received the funds from investors including T. Rowe Price Associates, Accel and Y Combinator.
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