Wapi Pay's key investor, Kepple Africa Ventures, has renounced its investment stake in Wapi Pay as the drama between twin brothers, Eddie and Paul Ndichu over the weekend escalated.

In a tweet, Takahiro Kamisaki, the Vice President of the company, said Kepple Africa had zero tolerance for gender-based violence.

"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," Kamisaki tweeted.


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Kepple Africa Ventures is said to have helped Wapi Pay to raise a total of Sh244 million in deed capital. 

This comes after the twin brothers issued a statement a day after a video showing one of the co-founders of Wapi Pay in a heated scuffle at a the high end hotel in Nairobi went viral.

The two have said they were aware of the story that was the talk of the town but distanced themselves from the allegations of violence, saying the video was not a genuine reflection of the actual events that occurred on that day.


"We found the story distasteful and troubling and want to firmly state that any type of behaviour involving violence against women does not reflect our values nor does it reflect those of Eddie and Paul. 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," reads the statement by the two.

Similarly, the siblings claimed that on that fateful night, they were trying to defend themselves from the women.

A statement from Wapi Pay says the incident has since been reported to the relevant authority for further investigation.

"The matter has been reported to the police and DCI for further investigation and resolution, we request restraint be exercised in potentially and unfairly spreading misinformation that has no factual basis," read Wapi pay statement.