Automated Form Population
Size
$1.5B Opportunity

Current State:
Financial applications (e.g. for loans, bank accounts) and job applications are arduous and a painful user experience. Repetitive fields (e.g. entering your email for the 3rd time), fat fingers, and endless free text boxes lead to incorrect information and poor funnel conversion. Still, virtually all applications are manually filled out, and require manually uploaded documents. This is an arduous process that lends itself to human error.
With Argyle
Payroll system holds personal information (first name, last name, address, SSN, birthdate) and employment information (dates hired, position title) - 95% of the fields required in job or financial applications. Virtually all elements of an application can be filled out by extracting an applicant's work history from their past employers. Not only is this process quicker for the applicant, it facilitates trust in the information being provided.
As such, companies leveraging Argyle early in their flow can auto-complete applications through simple authentication into an employment platform.

Looking at job applications alone - in April of 2020, there were 5M job openings. The average job opening receives 250 applicants. That means that 1.25B applications each month are considered. Annually that's 15B applications that companies review.
If the value of a verified application were only $0.10 and 15B people will apply to a job in 2020 then the value of this opportunity is $1.5B.