Deel Hires Intuit Executive, Joe Kauffman, Signaling IPO Intentions
Photo by Mary Rodriguez on Unsplash
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.
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
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