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Lawrence Herman
Lawrence Herman Advisory Board Member at Dwolla

Lawrence Herman is a highly accomplished and experienced Chief Financial Officer and Business Transformation Executive with a strong track record of driving top-line revenue growth and optimizing profitability. With over 25,250 LinkedIn connections, Lawrence is well-connected and respected in the finance industry. Lawrence excels at communicating financial strategies and results to both finance and non-finance executives, transforming global finance organizations, and providing consultative business decision support.

Throughout Lawrence's career, they have contributed to the growth and turnaround of both large and small companies. Their expertise spans a wide range of areas, including financial planning and analysis, strategic planning, budgeting, forecasting, reporting, investment and cash management, and more. Lawrence has industry specialties in payments, fintech, SaaS, blockchain, cryptocurrency, banking/asset management, and private equity.

Currently serving as an Advisory Board Member at Dwolla, Lawrence has also held key positions at Diminish, Dwolla, The F Suite, Accrete AI, and Paxful. They have achieved impressive results such as driving 60% annual revenue growth in the first year at Paxful, introducing new transaction pricing resulting in a 30% lift in monthly gift card escrow revenues, and negotiating contracts that saved $4 million across expense categories.

Lawrence holds a B.A. in Economics from Harvard University, showcasing their strong educational background. Their expertise in finance and strategy, combined with their extensive experience and impressive accomplishments, make Lawrence an exceptional leader in the field.

More about this expert

Full name
Lawrence Herman
Location
New York, New York, United States
Title
Advisory Board Member
Company
Dwolla (since 2023)
LinkedIn Connections
25250
Summary
CHIEF FINANCIAL OFFICER AND BUSINESS TRANSFORMATION EXECUTIVE Strategic and operating finance executive with in-depth global experience in driving top-line revenue growth while optimizing profitability and energizing teams. Excels at communicating strategies and the impact of financial results succinctly to both finance and non-finance executives, transforming global finance organizations, and providing consultative business decision support. Proven track record of success contributing to growth and turnaround at both large and small companies. Expertise includes: CFO Financial Planning & Analysis (FP&A) Strategic Planning Business Case Development & Review Budgeting Forecasting Reporting KPI Performance Metric Development Variance & Scenario Analyses Pricing Data Visualization M&A Valuation & Due Diligence Investment & Cash Management Managing Staff Consulting Project Management Business Development Change Management Investor Relations Industry specialties: payments, fintech, SaaS, blockchain, cryptocurrency, banking / asset management, private equity
Skills
Finance Strategy

Education

Harvard University
B.A.
Field of study: Economics
Millburn Senior High School

Positions

Diminish
San Francisco, California, United States · Remote
Advisory Board Member
Oct 2023 - Present

SaaS software expense management
Dwolla
New York, New York (Remote), Des Moines, IA · Hybrid
Chief Financial Officer
May 2023 - Present

Dwolla is a fintech company helping innovative organizations power sophisticated account-to-account payment solutions.

Dwolla’s robust platform, low-code API and partnership ecosystem simplify the complex process of integrating with the various payment networks to create a single end-to-end solution. Integrating Dwolla’s modern payment technology gives a business the ability to program payments in real time, on the same day or to a debit card 24/7.

With minimal development, start-ups to Fortune 500 companies can gain efficiency, flexibility and improved cash flow by working with Dwolla.
The F Suite
New York, New York, United States · Hybrid
Founding Member
Nov 2022 - Present

The F Suite is an independent, invitation-only community platform for CFOs of leading high-growth technology companies and venture capital funds.
Accrete AI
New York, New York, United States · Hybrid
Chief Financial Officer (Interim)
Feb 2023 - May 2023
Accrete AI
New York, New York, United States · Hybrid
Chief Financial Officer
Jun 2021 - Feb 2023
Paxful
New York, New York, United States · Hybrid
Senior Vice President, Head of Finance (CFO)
2019 - 2021

Manage global team in four geographic regions. Lead reporting, budgeting, forecasting, business metric review, accounting, tax, liquidity, fundraising, data analytics, risk management, business case development, investor relations, financial system development, pricing, and long-term strategic plan for private P2P bitcoin / cryptocurrency / blockchain company (~400 employees globally).
• Drove ~60% annual revenue growth in first year.
• Introduced new transaction pricing which lead to 30% lift in monthly gift card escrow revenues.
• Negotiated contracts, saving $4M across expense categories (average contract savings of 30%).
• Built out team with new Controller, analysts, and data scientists to enhance data analytics capabilities.
• Lead fundraising efforts and pitches to private equity and venture capital communities.
• Implemented global budgeting and departmental reporting process; oversaw successful completion of first audited financials.
• Streamlined accounts payable process and implemented global hedging program to minimize bitcoin reserve risk.
• Led creation of 50 U.S.-state financial statements and drove national money service business and money transmission licensure process nationally and in 13 U.S. states, respectively.
• Developed 5-year corporate model to determine 409(a) valuation and introduced first employee stock plan.
• Implemented new 401(k) plan with 4% employee matching and new compensation guidelines.
• Developed and introduced new KPI metrics dashboard to measure ongoing operational and financial performance.
• Implemented inter-regional transfer pricing.