Part VI — NC CFO transition

NC CFO Transition

North Carolina places the CFO close to Canapi Ventures, Live Oak Bank, and a dense banking-technology corridor. The NC CFO is the finance authority for Canapi-facing conversations once the finance function is ready.

Screening data — verify before outreach

Profile weighting

Banking or fintech finance experience25
Venture and institutional fundraising exposure20
Regulated-environment competence15
Early-stage operating discipline15
North Carolina network density15
Executive communication with investors and boards10

Interview process

1
Screen · CXO
Availability, fractional interest, banking/fintech depth, NC network reality.
2
Finance depth · CFO / CEO
Model construction, runway discipline, cap-table literacy, unit economics.
3
Institutional readiness · CEO
Investor communication, board posture, diligence handling, Canapi-facing credibility.
4
Network validation · CXO
Named, verifiable relationships in NC banking, fintech, and investor circles.
5
References and terms · CEO / counsel
References, compensation concept, engagement structure, legal review.

Candidate shortlist · 20

Ryan ShoffnerCFO, Auxo SolutionsCharlotte, NC85
Finance executive with fintech and insurtech AI experience, including prior CFO experience at Sixfold and finance leadership at Auxo. The source highlights P&C/L&H insurtech, cloud banking partnerships, VC/strategic investor exposure, and ties to Charlotte bankers and insurtech founders.
Bankabil fit
Canapi relevance, insurance/banking crossover, startup finance, and strategic investor credibility.
Engagement approach
Emphasize Bankabil as banking-insurance evidence infrastructure and position Canapi validation as a defining institutional proof point.
Compensation concept
Fractional $6,000-$8,000/month plus 0.5%-1.0% equity and a $25,000 success bonus on a $30M seed in source.
Jennifer KaelinCFO, PendoRaleigh, NC82
Enterprise SaaS finance leader with prior public-company CFO experience, revenue scaling, IPO/exit experience, and M&A history. The source positions her as a SaaS-scale and exit-experience candidate.
Bankabil fit
Strategic finance, venture/public-market experience, enterprise SaaS, M&A discipline, and NC technology network.
Engagement approach
Frame Bankabil as a complex enterprise SaaS infrastructure problem requiring disciplined scale-up finance and AI-adjacent governance packaging.
Compensation concept
Full-time style $18,000-$22,000/month plus 0.5% equity and milestone bonus on Canapi validation in source.
Kevin RozanskiCFO, Confluence TechnologiesCharlotte, NC80
Private-equity-backed enterprise software CFO with compliance and financial-services-adjacent software experience. The source references CFO appointments at Confluence and prior finance roles in software businesses.
Bankabil fit
Regulatory/financial services domain understanding, enterprise SaaS finance, PE-backed software, M&A, and Charlotte network.
Engagement approach
Emphasize Bankabil as compliance-grade evidence infrastructure and a path to bank-grade validation through Canapi.
Compensation concept
Fractional $8,000/month plus 0.75% equity and success fee tied to seed raise in source.
Chris BurnsFractional CFO/COOCharlotte, NC78
Veteran Wall Street and insurance executive, former CFO of Aflac Global Ventures and senior J.P. Morgan leader. The source frames him as a fractional CFO option for fintech/insurtech startups.
Bankabil fit
Bank-fintech credibility, insurance venture experience, corporate finance depth, and sponsor-level capital allocation perspective.
Engagement approach
Position Bankabil as tech-forward financial governance with both insurance and banking evidence use cases.
Compensation concept
Fractional advisory $5,000/month plus 0.5% equity and modest closing bonus in source.
Will CarrouthersCFO, Southern BancorpCharlotte, NC76
Community bank/CDFI CFO with Wells Fargo forecasting and fintech lending background. The source highlights experience across Wells, Bank of America, SunTrust, Oportun, and mission-driven financial services.
Bankabil fit
Bank CFO credibility, community banking, lending, institutional forecasting, and fintech partnership experience.
Engagement approach
Lead with mission-driven infrastructure for community banks, evidence receipts, and disciplined financial strategy for regulated buyers.
Compensation concept
Full-time-ish $12,000/month plus 0.75% equity and milestone bonus in source.
Scott HerrenCFO, Cisco SystemsRTP, NC75
Major enterprise technology CFO with large-scale public-company finance experience at Cisco, NetApp, and Salesforce references. Source treats him as unlikely to join but valuable as a high-signal enterprise finance reference.
Bankabil fit
Enterprise finance, technical market comprehension, AI/tech ramp, M&A and cost-efficiency discipline.
Engagement approach
Use for advisory/referral only unless there is a credible path; frame around cutting-edge AI/regtech infrastructure.
Compensation concept
Unlikely to join; source notes full-time executive comp $20,000+/month plus equity if available.
Mike MaguireCFO, TruistCharlotte, NC73
Top-tier bank finance and investor-relations executive. The source references Truist scale, fintech investments team experience, bank finance operations, and Charlotte financial network.
Bankabil fit
Bank regulatory trust, public bank investor relations, debt/equity market sophistication, and Charlotte banking contacts.
Engagement approach
Approach as advisory/referral/influence candidate; emphasize bank-tech innovation and compliance evidence infrastructure.
Compensation concept
Likely unavailable as active CFO; source notes full-time executive package plus equity if approached.
Eric SteeleCFO, RecurlyCharlotte, NC72
Strategic SaaS finance leader with subscription billing platform experience and prior high-growth SaaS scaling exposure.
Bankabil fit
Subscription finance, payments adjacency, VC-backed software scaling, and Charlotte tech network.
Engagement approach
Highlight subscription-billing, bank integrations, recurring revenue, and evidence API monetization.
Compensation concept
Fractional $5,000/month plus 0.5% equity and performance bonus in source.
Julie PlowdenCFO, SJF VenturesDurham, NC70
Veteran venture fund CFO with deep fund operations, LP relations, and NC startup ecosystem knowledge.
Bankabil fit
Venture finance, LP relations, fundraising mechanics, NC network, and startup advisory capability.
Engagement approach
Propose advisory/board path and leverage VC finance expertise rather than assume operational CFO availability.
Compensation concept
Advisory retainer plus 0.25% advisor equity and success fee per funding milestone in source.
Andy KellCo-Founder & VP Finance, udu Inc.Raleigh, NC68
Fintech startup co-founder and finance operator who has built finance functions in an early-stage embedded finance context.
Bankabil fit
Early-stage finance, fintech product-market fit, fundraising exposure, and Raleigh startup network.
Engagement approach
Emphasize embedded finance, early-stage build opportunity, and equity upside.
Compensation concept
Fractional/internal part-time plus 0.75% equity in source.
Josh DahlCFO, Vertex Service PartnersCharlotte, NC67
Finance executive with consulting and growth-equity transaction experience, including Accenture/Deloitte references in the source.
Bankabil fit
Consulting-to-CFO path, growth equity, systems discipline, and Charlotte business network.
Engagement approach
Frame Bankabil as infrastructure company requiring transaction execution and enterprise finance controls.
Compensation concept
Fractional approximately $4,000/month plus 0.5% equity in source.
Ryan WalshCFO, RenuityCharlotte, NC65
Business-services and home-improvement finance executive with tech-enabled consumer/SMB financing adjacency.
Bankabil fit
Corporate finance operations, SMB finance adjacency, and practical growth-stage controls.
Engagement approach
Outline a pivot from tech-enabled services to high-growth regulated fintech evidence infrastructure.
Compensation concept
Fractional $4,000/month plus 0.5% equity in source.
Sally RawlinsonCFO, NTT AmericasCharlotte, NC63
Global technology services CFO overseeing large regional operations, international finance, and tech M&A contexts in the source.
Bankabil fit
Enterprise technology finance, global operations, M&A, and Charlotte technology industry ties.
Engagement approach
Emphasize strategic finance, enterprise tech, and regulated AI evidence systems.
Compensation concept
Fractional $5,000/month plus 0.25% equity in source.
Rohit SharmaCFO USA, RBCCharlotte, NC62
Bank finance leader with custody, investment banking, global budgeting, M&A, and capital markets references.
Bankabil fit
Banking capital markets, Charlotte banking community, institutional finance, and investor credibility.
Engagement approach
Present as opportunity to influence startup-side banking technology infrastructure.
Compensation concept
Not likely available; source notes full-time plus equity if available.
Brandon FloranceCFO, Managed Accounts, Carlyle GroupCharlotte, NC60
Fund finance and managed-account finance leader with institutional asset manager experience.
Bankabil fit
Institutional fund structures, managed-account finance, capital markets literacy, and Charlotte investment network.
Engagement approach
Offer CFO/advisor role bridging institutional finance and venture readiness.
Compensation concept
Fractional plus equity in source.
Matt ParsonCFO, SAS InstituteCary, NC58
Analytics software CFO with large-company technology finance experience and research triangle credibility.
Bankabil fit
AI/data/analytics familiarity, corporate finance operations, and Triangle technology network.
Engagement approach
Emphasize Bankabil data/AI evidence infrastructure and Triangle connections.
Compensation concept
Fractional $6,000/month plus 0.5% equity in source.
Open placeholder - experienced bank CFOTo be sourcedNC-adjacent55
Reserved slot for a regulated bank CFO or controller-level finance leader with direct community-bank, regional-bank, or banking-regulatory experience.
Bankabil fit
Bank credibility, regulated finance, board-grade reporting, and capital strategy.
Engagement approach
Source through North Carolina Bankers Association, bank CFO referrals, Live Oak/nCino/Apiture/DefenseStorm adjacency, and counsel referrals.
Compensation concept
To be determined after availability and time commitment are defined.
Open placeholder - regtech CFOTo be sourcedNC-adjacent53
Reserved slot for a CFO from regtech, compliance software, risk analytics, or audit technology.
Bankabil fit
Regulated buyer fluency, software economics, enterprise sales cycle, and evidence-room discipline.
Engagement approach
Source through Canapi portfolio map, fintech compliance networks, and B2B SaaS finance circles.
Compensation concept
To be determined after availability and scope.
Open placeholder - insurtech CFOTo be sourcedNC-adjacent50
Reserved slot for CFO with insurance software, underwriting, claims, carrier/MGA, or reinsurer-adjacent finance experience.
Bankabil fit
MAND8 crossover, AI-risk pricing, carrier market credibility, and future Lloyds/insurance strategy.
Engagement approach
Source through insurtech investors, MGAs, Lloyds network, and carrier innovation groups.
Compensation concept
To be determined after availability and strategic value.
Open placeholder - regional bank CFOTo be sourcedNC-adjacent48
Reserved slot for finance authority from a regional/community bank who can provide bank-grade financial credibility even if startup availability is limited.
Bankabil fit
Bank governance, ALCO/board reporting, compliance, examiner mindset, and prudent capital structure.
Engagement approach
Source through NC bankers, Live Oak-aligned network, retired bank CFO circles, and fractional executive recruiters.
Compensation concept
To be determined; likely advisory/fractional if active bank role prevents direct CFO transition.

Days 1–30

Financial foundation

▸Rebuild or validate the operating model and runway view.
▸Establish reporting cadence with the CEO and CXO.
▸Inventory the evidence room and identify diligence gaps.

Days 31–60

Institutional readiness

▸Complete the Canapi-facing finance narrative and pilot economics memo.
▸Version the data room and close the highest-risk diligence gaps.
▸Begin structured NC banking and fintech relationship mapping.

Days 61–90

Authority handoff

▸Assume finance authority for Canapi-facing investor conversations.
▸Own valuation, dilution, and capital-strategy recommendations.
▸Formalize the CXO-to-CFO handoff record and reserved-matters boundary.

Authority handoff checklist

The NC CFO receives financial authority when the Canapi-facing finance function is ready: model, pilot memo, data room, and documented handoff from the CXO.

[ ]Operating model and runway validated by the CFO.
[ ]Pilot economics memo written and reviewed.
[ ]Data room versioned with an owner per artifact.
[ ]Investor CRM state current for every active target.
[ ]Coded pass reasons and re-entry milestones recorded.
[ ]Counsel review complete for any materials shared externally.
[ ]Written handoff of Canapi-facing finance authority from CXO to CFO.