Two Flexitech Directors Arrested Over Alleged Sh31.2 Million Theft

FlexPay Directors Arrested Over Theft and Fraud Allegations Amid Mounting Customer Complaints

FlexPay is not the first Kenyan buy-now-pay-later alternative to run into trouble; competitor Lipa Later has already shut down.

FlexPay’s fall: Customer complaints, delayed refunds and a $240k theft allegation

FlexPay customers reported delayed refunds and withdrawals before its directors were arrested over an alleged KES 31.2 million theft.

Kenyan police arrest FlexPay founders over theft, 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.

Two Kikuyu “Sharp Boys” arrested in Roysambu over Ksh 31. 2 million theft targeting a leading retail chain

Wednesday, September 2, 2026 - Two directors of Flexitech Group Limited have been arrested in connection with the alleged theft of Ksh 31.2 million belonging to a leading retail chain. The suspects, Martin Kariuki Maina and Johnson Gituma Mwangi, were arrested by detectives from the DCI Nairobi Regional Office in the Roysambu area following investigations into a complaint filed by the retailer. According to the complaint, the two suspects, who a…

Nairobi: DCI detectives arrest 2 directors over alleged KSh 31.2m theft

DCI detectives arrested Flexitech Group directors Martin Kariuki Maina and Johnson Gituma Mwangi for allegedly stealing KSh 31.2m from a leading retail chain.

Two Flexitech Directors Arrested Over Alleged Sh31.2 Million Theft

Two directors of Flexitech Group Limited have been arrested over the alleged theft of Sh31.2 million belonging to a leading retail chain. The Directorate of Criminal Investigations (DCI) said the suspects, Martin Kariuki Maina and Johnson Gituma Mwangi, were arrested by detectives from the DCI Nairobi Regional Office in the Roysambu area. The arrests followed [...] The post Two Flexitech Directors Arrested Over Alleged Sh31.2 Million Theft appea…