Back to Industry News
Fintech
Deel Hires Intuit Executive, Joe Kauffman, Signaling IPO Intentions
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
Photo by Mary Rodriguez on Unsplash
TL;DR
Deel hired Joe Kauffman, previously at Intuit, as President and CFO, aiming for a future IPO with his expertise. This change follows Deel's recent valuation at $17.3 billion, achieving over $100 million in monthly revenue and $15 to $17 million in monthly EBITDA, despite a lawsuit with competitor Rippling.
Stay updated on stories like this
Key takeaways
- Payroll startup Deel has appointed former Intuit executive Joe Kauffman as President and CFO, a strategic move signaling the company's intention to pursue an initial public offering (IPO)
- While no specific timeline has been established, Kauffman affirmed that an IPO is the ultimate goal, citing his prior experience guiding companies through the public offering process
- This leadership transition follows Deel's recent fundraise, which resulted in a $17
Payroll startup Deel has appointed former Intuit executive Joe Kauffman as President and CFO, a strategic move signaling the company's intention to pursue an initial public offering (IPO). While no specific timeline has been established, Kauffman affirmed that an IPO is the ultimate goal, citing his prior experience guiding companies through the public offering process. This leadership transition follows Deel's recent fundraise, which resulted in a $17.3 billion valuation, and coincides with the company exceeding $100 million in monthly revenue in September. Deel also reported monthly EBITDA between $15 million and $17 million, amidst ongoing litigation with competitor Rippling.
Related Topics
DeelIPOJoe KauffmanIntuitFintechPayrollRippling
Never miss stories like this
Verified mention available
Free to claim
Is this your company?
Set up real-time alerts and keep your Heartspace News coverage accurate. Verified teams can update profiles, request corrections, and collaborate on future stories.
Set up alerts Takes under 1 minute • Verified manually