Kenyan police arrest FlexPay founders over theft and fraud allegations

The founders of Flexitech Group Limited, the company behind the Kenyan save-now-buy-later fintech FlexPay, have been arrested over the alleged theft of KES 31.2 million ($242,000) belonging to an unnamed major retail chain, adding to scrutiny of the startup after months of customer complaints about delayed withdrawals. Martin Kariuki Maina and Johnson Gituma Mwangi were arrested in Roysambu, Nairobi, by detectives from the Directorate of Criminal Investigations (DCI), the agency said on Wednesda