Advasa Holdings, Inc. (“ADVASA” or the “Company”), a fintech payment holding company delivering Earned Wage Access (“EWA”) and financial infrastructure solutions, announced the appointment of William Witherspoon as Chief Financial Officer, effective October 6, 2026.
ADVASA has appointed William Witherspoon as Chief Financial Officer, effective October 6, 2026.
Witherspoon has served on the Company's Board of Directors since June 24, 2026.
CEO Grady Ryther, who served as interim CFO since August 27, 2026, has stepped down from that role.
Witherspoon's background includes asset acquisition, real estate development, financing and financial consulting.
He holds an M.B.A. from George Washington University and a B.S. from the University of Georgia.
Witherspoon continues to serve on the Board as a non-independent director.
Mr. Witherspoon has served on the Company's Board of Directors since June 24, 2026, previously as an independent director. In connection with his appointment, Grady Ryther, the Company’s Chief Executive Officer, who has also served as interim Chief Financial Officer since the departure of the Company’s prior Chief Financial Officer on August 27, 2026, has stepped down from his role as interim Chief Financial Officer and continues to serve as Chief Executive Officer.
“We are pleased to welcome William as our Chief Financial Officer,” said Grady Ryther, Chief Executive Officer of Advasa Holdings, Inc. “Having served on our Board since June 2026, William has developed a strong understanding of our business and brings broad experience in financing, asset acquisition, and financial consulting. In his new role, we look forward to working with William to support ADVASA’s continued growth.”
Mr. Witherspoon’s professional background includes asset acquisition, real estate development, financing, and financial consulting. Since January 2025, he has served as Asset Acquisition Manager for UMcapital, supporting the confirmation and preparation of in-ground and SKR assets for potential acquisition. Since January 2020, he has also served as Principal of Hubert Development, leading multifamily and commercial real estate projects through acquisition, pre-development, financing, construction, and stabilization.
Since January 2017, Mr. Witherspoon has concurrently served as a Financial and Settlement Consultant with Forge Consulting, advising high-net-worth clients on trust, estate, insurance, and long-term financial strategies. He holds an M.B.A. from George Washington University and a B.S. in Housing & Community Development from the University of Georgia.
“I am pleased to take on the role of Chief Financial Officer at ADVASA,” said William Witherspoon, Chief Financial Officer of Advasa Holdings, Inc. “My time on the Board has given me an understanding of the Company’s business and priorities. I look forward to working with Grady and the team to support the Company’s financial operations and maintain clear and transparent communication with our shareholders.”
Mr. Witherspoon continues to serve on the Board of Directors as a non-independent director. In connection with his appointment as Chief Financial Officer, he has stepped down from the Board’s Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.
Additional information regarding Mr. Witherspoon’s appointment and employment agreement is available in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on October 7, 2026.
About ADVASA
Advasa Holdings, Inc. is a fintech company dedicated to delivering financial well-being to all workers. The company operates an Earned Wage Access (EWA) platform that allows employees to access their earned wages in real time. Leveraging a global patent strategy, it has established a robust intellectual property foundation across markets such as Japan, the United States, and South Korea. By seamlessly integrating with major HR/payroll systems and diverse payment infrastructures—including bank transfers and digital wallets—ADVASA plans to expand into global markets where the demand for financial inclusion is rapidly growing, such as Indonesia and the UAE.
