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Kenyan FlexPay Founders Arrested Over Theft and Fraud Allegations

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsKenyaSep 3, 2026

Kenyan police have arrested the founders of buy-now-pay-later fintech FlexPay over theft and fraud allegations, including a reported $242,000 theft claim, following a pattern of customer complaints and delayed refunds. The arrests heighten regulatory and reputational scrutiny over Kenya's digital lending and BNPL segment.

2 sources

FlexPay’s fall: Customer complaints, delayed refunds and a $242k theft allegation · technext24.com · T2
Kenyan police arrest FlexPay founders over theft and fraud allegations · techcabal.com · T1