Wapi Pay Loses Key Investor After Ndichu Twins’ Assault

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Wapi Pay co-founders Eddie Ndichu and Paul Ndichu have been dealt a major after key investors pulled out of their fintech company after they were involved in a fight in a city hotel.

The two were accused of physically assaulting female guests at Ole Sereni hotel along Mombasa Road on Saturday, 17th October.

Two days after the fight, Kepple Africa Ventures has announced that they will relinquish all the rights of their investment stake in Wapi Pay.

Kepple Africa Ventures co-founder Takahiro Kanzaki announced through his Twitter account where he condemned the incident.

“In light of the alleged assault on women by the founders of our portfolio company Wapi Pay, we Kepple Africa Ventures hereby announce that we have zero tolerance on such conduct and announce that we will relinquish all the rights of our investment stake in Wapi Pay,” he wrote.

Wapi Pay company has since distanced itself from the incident of the brothers noting that any type of behaviour involving violence against women is against their values and that it does not reflect the co-founders Eddie and Paul Ndichu.

In a statement on Tuesday, 19th October the firm said that the events caught on camera do not depict the true events of the night and that the twin brothers were attempting to neutralize a confrontation between two women and defend themselves at the same time.

Wapi Pay further advised the public to exercise restraint when spreading potential misinformation about the incident as the matter had already been reported to the police and DCI for investigation and resolution.

Founded in 2019, Wapi Pay, which has offices in Nairobi, Singapore and Tianjin (China), delivers platform-to-platform integrations, global accounts and virtual wallets to enable convenient payments.

The post Wapi Pay Loses Key Investor After Ndichu Twins’ Assault appeared first on LitKenya.

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