Lowenstein represented Argyle, the leading employment data platform that provides companies access to user-permissioned employment records in real time, in its Series B round led by SignalFire, with participation from Bain Capital Ventures, Bedrock, and Checkr.
The company’s approach diverges from the traditional credit model and invites businesses to evaluate consumer applications for loans, housing, insurance, and other essential financial services in a new way.
The platform enables its business customers to make decisions based on income verification and employment data that is real-time, user-permissioned, and equitable for all working individuals, not just full-time employees. Argyle provides transparency into 1099 workers’ work and income habits—information traditionally provided through a payroll system to employment benefits providers. This helps businesses make well-informed decisions and more readily provide critical services to gig and creator economy workers, including workers compensation insurance, health insurance, and financial wellness products.
Argyle’s rapidly growing 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.
The Lowenstein deal team included: Eric Weiner, Mark P. Kesslen, Kathleen McGee, Pooja Patel, Sean Campbell, Brittany Armstead, and Eric Sands.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
