Onfidos Husayn Kassai is stepping down and getting a brand new CEO forward of a deliberate IPO


Big changes are taking place today at Onfido, the global platform for verifying and authenticating identity that has rapidly gained acceptance thanks to the digitization of so many services during the pandemic. The company, which has raised more than $ 200 million to date, is appointing a new CEO with the intention of going public "sometime" in the future, according to co-founder and current CEO Husayn Kassai.

This week Kassai handed over the reins to Mike Tuchen, the former CEO of Talend who successfully transferred the Compay to NASDAQ in 2016.

Kassai says he will stay with Onfido working "2-3 days a week" to support Tuchen as he leads the company through the next phase of growth across sectors and regions and towards this IPO.

Prior to Talend, a leading cloud data integration provider, Tuchen led Rapid7, a security software startup, and founded a marketing analytics startup between senior positions at Microsoft and Polycom.

Kassai co-founded Onfido with Eamon Jubbawy and Ruhul Amin in 2012 to make verifying digital identity easier and more accurate. The company currently employs over 400 people worldwide.

In an exclusive conversation with TechCrunch, Kassai said, “It's been uninterrupted for 10 years. I brought us from zero to one. And in order to get from "one to 100", especially with an IPO and a major listing, you have to meet with consulting firms, banks, etc. at this stage, which is a lot of fun, but not who I am. I prefer it Interested. So I'd rather stand back, still work with the company, and help a seasoned CEO take this to the next level. "

When asked if he would step down for any other reason, Kassai told TechCrunch, "No, this is mostly about the IPO focus. Also, I've been talking internally for a year about taking a break after that ten-year period." My personal life was on hold all along. Exercise, good food, family birthdays, everything else that goes with it. On hold. This step partially helps me regain some of my personal life while the company is in good hands. "

When asked whether he would accept the title of Chairman or Co-CEO or some other title, Kassai said he was undecided.

When Tuchen and Kassai called together, Tuchen said, “My first company was a security company in Boston. It is now public on NASDAQ. We brought Talends to the public in 2016. So I have a lot of experience in Europe and the USA. "

Tuchen said he would be based in California after the entire company switched to remote working because of the pandemic: “I don't expect to be moving much during the COVID. We are currently a remote first company and we will be at least in the medium term. We're still trying to figure out what our longer-term plans are when we get back to the office after the vaccination. I've spent a lot of time on the street before, but we're going to find out how we can develop the same kind of relationship with people through Zoom, with all the things we're used to in the normal world. So we experiment and find out. The entire joining process was done through Zoom. And now the entire onboarding and getting to know the company is being carried out from above, so that we are all breaking new ground here in this dynamic environment. "

Tuchen said no decision had been made as to where the IPO would take place, but "most likely on one of the US exchanges."