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Ashenafi Shawol appointed CEO of AddisPay to lead fintech expansion in Ethiopia

Oluwatosin Adeyemi by Oluwatosin Adeyemi
July 29, 2025
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Ashenafi Shawol appointed CEO of AddisPay to lead fintech expansion in Ethiopia
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 Ashenafi Shawol has been appointed as the new CEO of AddisPay, a rapidly expanding fintech business that specialises in payment gateway and Sales Process Outsourcing (SPOS) operations.

According to the company’s statement on Friday, Ashenafi joins Addispay’s order to lead the company’s upcoming growth and expansion. 

AddisPay is taking a big step with this strategic leadership change as it looks to broaden its customer base and make digital finance even easier for Ethiopian individuals and companies.

Ashenafi Shawol’s vast background in fintech

Ashenafi Shawol’s vast background in the technology and finance industries fits in well with AddisPay’s objective of accelerating the growth and scale of FinTech.

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In the financial and insurance sectors, his career demonstrates a strong track record in key areas such as digital payments, marketing, sales, customer service, risk management, and operational excellence.

Under his direction, Addispay is prepared to advance significantly, bolstering its offerings and providing the advantages of digital finance to an increasing number of individuals and enterprises on a daily basis.

Ashenafi Shawol’s portfolio

Ashenafi Shawol was the Chief Operating Officer (COO) of Ashewa Technologies S.C. before joining AddisPay, where he was instrumental in strategic leadership in the technology industry.

Interestingly, for almost ten years, Dashen Bank S.C. operated the “Amole” digital wallet platform developed by Moneta Technology S.C., a FinTech company, where he served as Director of Operations. Ashenafi was instrumental in spearheading Amole’s period of explosive growth.

As CEO, Ashenafi Shawol will steer AddisPay’s next development phase with a fresh emphasis on customer empowerment and long-term financial impact.

While announcing Ashenafi’s appointment, the company made a commitment to keep empowering its clients and making a significant difference in their financial futures by concentrating on providing a wide range of financial products that offer value and relevance, stability, and trust.

“We will continue to empower our customers and create a lasting impact on their financial futures, focusing on offering a comprehensive range of financial products that provide stability, trust, and, most importantly, value and relevance,” the company stated.

About AddisPay

Addispay Financial Technology Share Company is a financial technology (Fintech) business that provides platforms and services for safe, secure, and inventive payment facilitation in the Ethiopian market.

Addispay (Payment Gateway and SPOS Operator) is a fintech founded in 2021 on the conviction that digital finance should be made easy, accessible, and significant for everyone, with the aims to have a significant impact in the country’s financial sector.

Tags: AddisPayDigital financeFintechPayment gatewaySales Process Outsourcing
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

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