Deel, the worldwide payroll and HR platform, today announced Joe Kauffman’s appointment as President and Chief Financial Officer.
Kauffman joins Deel after more than a decade of leadership at Credit Karma, where he served as CFO, President, and CEO, driving international expansion and increasing revenue from $100M+ to $2.3 billion while expanding operating margins to 37%.
As part of this transition, Philippe Bouaziz, Deel’s CFO since its founding, will assume the new roles of Executive Chairman and Chief Strategy Officer.
The company has been profitable for more than three years and recently surpassed $1 billion in annual recurring revenue. Deel has raised over $1 billion in funding from leading investors and now holds a valuation exceeding $17.3 billion.
In a statement, Philippe Bouaziz, Executive Chairman and Chief Strategy Officer said, “Watching Deel grow into what it is today has been one of the most rewarding experiences of my career. Joe brings incredible experience and energy that will help shape Deel’s next milestones.”
Joe Kauffman, President and Chief Financial Officer of Deel stated, “I was drawn to Deel because of its unique culture — a market leader obsessed with innovation and customer success, growing at an exceptional pace and yet, still operating with the speed and flexibility of a startup. You can feel the ambition and forward momentum in every conversation here. It’s an exciting time to join, and I’m looking forward to helping fuel the company’s next chapter of growth.”
Founded in 2019, Deel provides services to support international hiring while ensuring compliance with local laws, managing contractor engagement, and automating payroll processing for companies worldwide.
Today’s appointment comes as the startup crossed $100 million in monthly revenue for the first time in September.
By CEO NA Editorial Staff
