An Investor at a company linked to Eddie and his twin brother Paul Ndichu has pulled out following the assault incident involving the two at a City Hotel on Saturday.
Kepple Africa Ventures, while condemning the incident, in which the two brothers were caught on camera engaging in an altercation, said the company has zero tolerance on such conduct and announce that we will relinquish all the rights of our investment stake in Wapi Pay.
“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,” the company’s Founder said in a tweet.
Kepple Africa Ventures participated in the $2.2m pre-seed round for Wapi Pay two months ago.
The Ndichu brothers had today released a statement through their Wapi Pay company, denying that they assaulted the women and instead argued that they acted in self-defense and were trying to pacify a fight between the two women they are accused of assaulting.
“Our understanding is that the allegations and video currently being shared on social media, albeit horrific and regrettable, do not depict the true events that transpired that night. To be clear, Paul and Eddie got involved in an attempt to neutralize a confrontation between two women and to defend themselves from certain aggressors,” the statement read in part.
Currently headquartered in Singapore, Wapi Pay has offices in Kenya and China and works with local banks and platforms across Asia to process payments within a day and eradicate high remittance fees for users.
A woman, who was one of the people involved in the incident accused Eddie and Paul Ndichu of having turned violent against her and her sister after she refused his advances. The sister’s boyfriend who tried to step in was also reportedly assaulted by the two.
A video circulating on social media shows Eddie holding a man who can only been seen partially as two ladies try to push him away. He is seen smacking one of the ladies as the brother smashes a side mirror to a car believed to be of the victims.
The incident has been trending since Monday evening as netizens call for the arrest of the two.
Miguna Miguna is among Kenyans on Twitter who have been vocal in condemning the Ndichu brothers incident and calling for their arrest.
Dr. Miguna Miguna: Eddie Ndichu and Paul Ndichu: You are hoodlums. Criminals who must be charged and PUNISHED to the full extent of the law for ASSAULT, BATTERY and destruction of property. Your @Wapi_pay gravy train must be drained dry. #StopGBV