Eddie Ndichu, one of the Ndichu twin brothers accused of assaulting two ladies at Ole Sereni Hotel, has stepped down as a member of the Association of Fintechs in Kenya Board.

In a special notice, the board said it had taken note of the unfortunate incident from videos that were circulating online and convened a meeting during which Eddie Ndichu stepped down from his role.

The board said it remains steadfast to its objective of ensuring utmost integrity and advocating for the wellbeing of the fintech community and tech industry in Kenya.

"On the 19th of October the Board convened a special meeting during which Mr. Ndichu stepped down as a board member pending formal investigations into the matter. The Board takes this opportunity to state that it regrets the current circumstances and does not in any way condone gender-based violence or violence of any kind," the notice reads.

News of the alleged assault by the Ndichu brothers was first shared online on Monday, October 18th, 2021 by activist Boniface Mwangi who shared a video on his Twitter page.

“Yesterday my sister and I were attacked by the Ndichu twins for respectfully turning them down. They threatened to shoot us and ruin our lives. My sister was strangled by Paul Ndichu while her boyfriend who had come to her rescue was being strangled by Eddie.”-Via DM,” shared Mwangi who had received it from his Direct messages.

[Eddie Ndichu and Paul Ndichu]

The Ndichu brothers later issued a statement through their company Wapi Pay saying that they were only trying to neutralize a confrontation between the two ladies involved.

"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.

The company argued that the story of the incident as reported was distasteful and troubling.

"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.”

Kepple Africa Ventures; one of the top investors in Kenya’s start-up financial technology firm Wapi Pay, announced that it will withdraw its funding from the firm, after its co-founders; Paul Ndichu and Eddie Ndichu were accused of assaulting two women.

“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 that we will relinquish all the rights of our investment stake in Wapi Pay,” Kepple said in its statement.