Onfido’s Husayn Kassai steps again, brings in new CEO forward of a deliberate IPO

By | November 13, 2020

There are massive modifications immediately at Onfido, the worldwide identification verification and authentication platform which has rocketed in adoption as so many companies develop into digitized through the pandemic. The corporate, which has raised greater than $200 million up to now, is appointing a brand new CEO with the intention of transferring in the direction of an IPO “sooner or later” sooner or later, in accordance with co-founder and present CEO Husayn Kassai.

Kassai has of this week handed over the reins to Mike Tuchen, the previous CEO of Talend who efficiently took the compay to the NASDAQ in 2016.

Kassai says he’ll stay with Onfido, working “2-3 days every week” to help Tuchen as he leads the corporate by the subsequent interval of development throughout sectors and geographies, and in the direction of that IPO.

Previous to Talend, a pacesetter in cloud knowledge integration, Tuchen led Rapid7, a safety software program startup, and based a advertising and marketing analytics startup in between senior administration roles at Microsoft and Polycom.

Kassai co-founded Onfido with Eamon Jubbawy and Ruhul Amin in 2012 to make digital identification verification easier and extra correct, and it now employs over 400 individuals globally.

Talking completely to TechCrunch Kassai stated: “Its sort’ve been continuous for 10 years. I’ve taken us from zero to 1. And as a way to go from ‘one to 100’, particularly an IPO and itemizing largely, that’s the stage the place it’s important to meet with consulting companies, banks and so forth, which has loads of enjoyable in it, but it surely’s not what I’m concerned with. So I’d somewhat step down, nonetheless work with the corporate and assist an skilled CEO take this ahead for the subsequent stage.”

Requested if he was stepping down for another purpose Kassai informed TechCrunch: “No that is predominantly concerning the IPO focus, plus I’ve I’ve been talking internally for a 12 months about taking a break after this ten 12 months interval. My private life has been on maintain for this complete time. Train, consuming effectively, household birthdays, all the pieces else that goes with it. On maintain. This transfer, partially, helps me get again a few of my private life, whereas the corporate will likely be in good fingers.”

Requested if he can be taking the title of Chairman or Co-CEO or another title, Kassai stated that was undecided that this level.

On the joint name between Tuchen and Kassai, Tuchen stated: “My first firm was a safety firm in Boston. It’s now public on the NASDAQ. We took Talends public in 2016. So, I’ve had loads of expertise working throughout Europe and the US.”

Tuchen stated he can be based mostly in California, now that the entire firm has moved to distant working due to the pandemic: “I don’t count on to maneuver so much throughout COVID. We’re a remote-first firm proper now and will likely be for the medium time period a minimum of, and nonetheless making an attempt to work out what our longer-term plans are, as we get – post-vaccine – again within the workplace. I spent loads of time on the highway earlier than, however we’ll be determining how you can develop that very same form of relationship with individuals over Zoom, with all of the stuff that, you recognize, we’re used to doing within the common world. So we’re form of experimenting and figuring that out. All the technique of me becoming a member of was accomplished over Zoom. And now the entire onboarding and attending to know the corporate is all being accomplished on prime, so we’re all form of breaking new floor right here on this dynamic atmosphere.”

Tuchen stated no determination had been made about the place the IPO can be positioned, however “almost certainly on one of many US exchanges.”

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