Staff - Lead

Deel appoints Joe Kauffman President and CFO. Deel has announced the appointment of Joe Kauffman as President & Chief Financial Officer. Philippe Bouaziz, who has served as CFO and one of the founders, will step into the new role of Executive Chairman and Chief Strategy Officer. He will continue to guide Deel's strategic growth and long-term vision. Kauffman has big shoes to follow. Bouaziz has guided Deel through its growth from an early-stage startup to several funding rounds. Making it the trusted global platform it is today. Deel now serves over 37,000 businesses in 150+ countries. Bouaziz has helped raise over $1 billion in funding from leading investors including General Catalyst and a sovereign investor that purchased $300 million in Deel secondaries in February this year. Bouaziz, commented, "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. "Having someone of Joe's calibre join Deel says everything about where we are today and where we're going. Joe brings a rare combination of deep leadership acumen, operational expertise, and a genuine passion for people - qualities that align perfectly with our culture and mission. "His decision to join Deel is a strong validation of the company we've built and the leadership position we hold in the market. Joe's depth of experience will help us continue to operate from a place of strength - advancing our mission with discipline, impact, and global reach." Who is Joe Kauffman. Kauffman joins from Credit Karma, the financial technology company, where he was CFO for 6 years before becoming the first President and then CEO. He helped drive international expansion after Intuit acquired the company in 2020. Kauffman led an organisation of 2,000 people within a high-velocity culture. He helped accelerate topline growth to 32% and expand operating margin to 37%. Thus, growing the company from $100 million to $2.3 billion. Prior to Credit Karma, he held senior leadership positions at two NYSE-listed firms. He was the first Head of Corporate Development at New Oriental Education and Technology Group and the CFO at TAL Education Group for 4.5 years. Kauffman has also served as an independent director at TAL Education Group and Ribbit LEAP. He is fully prepared to help expand Deel, prepare it for an IPO, and lead it through it. His experience will be pivotal as Deel continues to scale globally and strengthen its financial foundation. Kauffman commented, "What Alex and Shuo have built is truly exceptional. It's not just great payroll and HR technology - it's a movement transforming how people work and get paid around the world. 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." Enterprise times: what does this mean? Deal is building a leadership team for its next phase of growth, and perhaps an IPO in 2026. There is no confirmed data as yet, though. It has recently also appointed Harish Sharma as Chief Risk Officer, Anthony Luis Rodriguez as Chief Compliance Officer, and DeAnn Work as General Counsel. The leadership team has now been further strengthened with the addition of Kauffman. Is he also a potential successor to Alex Bouaziz? Notably, Philippe Bouaziz is staying at the firm in an executive position. This announcement is a clear indication that Deel needs a larger leadership team to help manage future growth.

No matter what ultimately happens with the Consumer Financial Protection Bureau’s Rule 1033 (also known as the open banking rule), pay by bank is here to stay. Matt Janiga, director of regulatory affairs at Trustly, has had a front-row seat to the evolution of open banking, data sharing, and the legislation and lawmaking that has [] The post Amid Rule 1033 Uncertainty, Banks Urged Not to Retreat on APIs appeared first on PYMNTS.com.