Deel vs Jupiter Money: Founders, CEOs and History
Deel was founded in 2019 by Alex Bouaziz, Shuo Wang and is led by Alex Bouaziz. Jupiter Money was founded in 2019 by Jitendra Gupta, Vishnu Jerome and is led by Jitendra Gupta.
Company facts
Deel
- Founded
- 2019
- Headquarters
- San Francisco, California, United States
- Current CEO
- Alex Bouaziz
- Employees
- 9,600
Jupiter Money
- Founded
- 2019
- Headquarters
- Bengaluru, Karnataka, India (registered office: Mumbai)
- Current CEO
- Jitendra Gupta
- Employees
- 450
Founders
Deel
Alex Bouaziz
Alex Bouaziz is Deel's co-founder and CEO. He started Deel in 2019 with Shuo Wang after experiencing first-hand how hard it was to hire and pay people across borders, took it through Y Combinator, and has led it from contractor payments to a full global HR and…
Shuo Wang
Shuo Wang is Deel's co-founder and Chief Revenue Officer. She leads Deel's go-to-market organization and has overseen its sales growth from early contractor-payment customers to more than 40,000 businesses worldwide. Shuo Wang was born in 1989.
Jupiter Money
Jitendra Gupta
Jitendra Gupta is the founder and CEO of Jupiter. A chartered accountant, he founded Citrus Pay in 2011, sold it to PayU in 2016 for about $130 million, and ran PayU India before starting Jupiter in 2019. Jitendra Gupta was born in 1981.
Vishnu Jerome
Vishnu Jerome co-founded Jupiter Money in 2019 alongside Jitendra Gupta. As a highly experienced legal architect (he founded the law firm Jerome Merchant + Partners), he played an absolutely critical role in navigating the incredibly complex, highly restrictiv…
CEOs and their tenures
Deel
- Alex Bouaziz2019–present
Co-Founder & Chief Executive Officer
As co-founder and CEO, he capitalized heavily on the pandemic-driven remote work boom, driving the company to $500 million in ARR faster than almost any SaaS startup in history.
Source - Shuo Wang2019–present
Co-Founder & Chief Revenue Officer
As co-founder and Chief Revenue Officer, she oversees the aggressive global sales operations that allowed Deel to consistently double its revenue year-over-year.
Source - Philippe Bouaziz2019–present
Executive Chairman & Chief Strategy Officer
As CFO during Deel's hyper-growth phase, he managed the massive venture capital influx, including the $425 million Series D that valued the company at $12 billion.
Source - Joe Kauffman2025–present
Chief Financial Officer
As CFO, he manages the massive cross-border payment flows and foreign exchange risk inherent in processing billions of dollars in global contractor payroll.
Source
Jupiter Money
- Jitendra Gupta2019–present
Founder & CEO
A chartered accountant and seasoned fintech pioneer who previously founded Citrus Pay (sold to Naspers for $130M) and led PayU India, Gupta has been a prominent architect of India's neobanking sector.
Source
Timeline: Deel and Jupiter Money side by side
2019Deel
Deel founded; joins Y Combinator W19
Alex Bouaziz and Shuo Wang launch Deel for compliant international contractor payments.
2019Jupiter Money
Jitendra Gupta and Vishnu Jerome start Jupiter; $24M seed round at about a $70M valuation.
2020Deel
Series A and B
$14M Series A led by Andreessen Horowitz (May) and $30M Series B led by Spark Capital (September) as remote hiring took off.
2021Deel
$1.25B Series C, then $5.5B Series D
$156M Series C in April; $425M Series D led by Coatue in October.
2021Deel
Acquired Zeitgold
Deel acquired Zeitgold.
2021Jupiter Money
Jupiter app launches with Federal Bank; acquires savings app Easyplan; $45M Series B co-led by Nubank.
2021Jupiter Money
December: $86M Series C led by Tiger Global and QED at about a $710M valuation.
2022Deel
$12B valuation; Legalpad acquired; $295M ARR
Series D extension in May; ARR reached $295M by year-end.
2022Jupiter Money
Acquires HR-tech startup sumHR to support salary accounts (disclosed February 2023).
2023Deel
PayGroup completed; free Deel HR
Closed the PayGroup acquisition and launched a free global HRIS.
2024Deel
Hofy and Zavvy; $800M ARR
Launched Deel IT after buying Hofy; reached $800M run rate in December.
2024Jupiter Money
FY24 consolidated operating revenue reaches ~$5.94 million (₹51.2 crore); loss narrows 23% to ~$27.1 million (₹233.6 crore).
2025Deel
Rippling lawsuit; $1B ARR; $17.3B Series E
Rippling sued in March; Safeguard Global payroll deal in March; $1B ARR in June; $300M Series E in October; Joe Kauffman named CFO in November.
2025Jupiter Money
October: raises about $15M from Mirae Asset, BeeNext, 3one4 Capital and Gupta at a flat ~$600M valuation.
2026Deel
DOJ probe reported; $1.5B ARR; Clarity acquired
WSJ reported a DOJ criminal probe in January; Deel passed $1.5B ARR in H1 and bought Clarity in August.
2026Jupiter Money
Talks to buy a minority stake in SBM Bank India collapse; Jupiter focuses on reaching breakeven.
Acquisitions
Deel
- Clarity2026Undisclosed
- Safeguard Global (enterprise payroll division)2025Undisclosed
- Hofy2024Undisclosed
- PayGroup2023Undisclosed
- Legalpad2022Undisclosed
- Zeitgold2021Undisclosed
Jupiter Money
- sumHR2022Undisclosed
- Easyplan2021Undisclosed
- EasyPlan2021Undisclosed
- Mitter.io2021Undisclosed
Questions about Deel vs Jupiter Money
Who is the CEO of Deel, Inc. and Jupiter Money?
Deel, Inc. is led by Alex Bouaziz and Jupiter Money is led by Jitendra Gupta. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Deel, Inc. founded vs Jupiter Money?
Both Deel, Inc. and Jupiter Money were founded in 2019, making them the same age.
How many employees does Deel, Inc. have compared to Jupiter Money?
Deel, Inc. employs approximately 9,600 people, while Jupiter Money employs approximately 450. Deel, Inc. has the larger workforce at 9,600 employees, compared to Jupiter Money's 450. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Deel, Inc. and Jupiter Money headquartered?
Deel, Inc. is headquartered in United States and Jupiter Money is headquartered in India. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Deel, Inc. and Jupiter Money?
Deel, Inc. was founded by Alex Bouaziz, Shuo Wang. Jupiter Money was founded by Jitendra Gupta, Vishnu Jerome.
Which company has a longer operating history — Deel, Inc. or Jupiter Money?
Deel, Inc. has been operating for approximately 7 years, making it the more established of the two companies. Jupiter Money has been in operation for around 7 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Deel vs Jupiter Money overview