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Wapi Pay Firm Loses Key Investor After Ndichu Twins’ Assault

by Zablon Ondari
2 mins read
20211019 153820

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

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

Two days after the fight, Kepple Africa Ventures announced that they were relinquishing all the rights and their investment stake in Wapi Pay.

Kepple Africa Ventures co-founder Takahiro Kanzaki condemned the incident.

“In light of the alleged assault of 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 tweeted.

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 stop a confrontation between two women and defend themselves at the same time.

Wapi Pay urged 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.

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