Kenya: Kepple Africa Ventures to relinquish investment stake in Wapi Pay fintech after founders publicly assaulted two women; Wapi Pay comments
"Japanese investor backs away from Ndichu twins after assault claims"
Kenyan techies Eddie Ndichu and his twin brother Paul Ndichu are in the eye of a storm after Japanese venture capital firm Kepple Africa Ventures backed away following an altercation with a woman at a city hotel over the weekend. The firm announced Tuesday that it was cutting ties with Wapi Pay following a video that emerged online in which the brother appeared to be assaulting a woman at Ole Sereni Hotel. “We will relinquish all the rights of our investment stake in Wapi Pay,” General Partner Satoshi Shinad said in a tweet.
The brothers are accused of assaulting a woman and vandalising the side mirror of a vehicle during the drama. The twin however denied the assault claims in a statement released Tuesday.