His goal is to simplify the process for businesses in Ethiopia to receive their payments. Leveraging the digital skills he gained in China, he is working on the development of a fintech platform named Chapa to fulfill this purpose.

Nael Hailemariam (photo), a co-founder and the CEO of Chapa, is leading the charge to streamline financial transactions between businesses and their clients in Ethiopia. Established in 2021, Chapa is a payment gateway that enables to easily entrepreneurs, small and medium-sized enterprises (SMEs), and large corporations to accept digital payments. Chapa’s comprehensive platform brings together various payment methods, including bank transfers, debit card transactions, and digital payments.

Chapa’s mission is to lower transaction fees, increase revenue, and boost operational efficiency for businesses. By addressing a broad spectrum of payment needs, the startup simplifies financial operations and fosters the development of innovative business models.

In addition to his role at Chapa, Hailemariam also serves on the board of the Innovative Finance Lab Ethiopia, an organization dedicated to enhancing access to financing for SMEs and startups in Ethiopia. This initiative is a collaborative effort between the National Bank of Ethiopia and the United Nations Development Programme (UNDP).

Hailemariam holds a bachelor’s degree in computer science from Addis Ababa University, earned in 2014, and a bachelor’s degree in electronic and information engineering from Beihang University in Beijing, earned in 2018. He completed a master’s degree in data science and computer engineering at Tsinghua University in China in 2021.

Prior to embarking on his entrepreneurial journey, Hailemariam gained invaluable experience as an assistant professor of computer science at Beihang University from 2017 to 2018. From 2019 to 2020, he served as the director of the Design + Space Laboratory at Tsinghua University, a design lab and workspace for students.

Melchior Koba