FlexPay Directors Arrested Over Alleged KSh31.2 Million Theft

Two directors of Kenyan fintech company FlexPay have been arrested following allegations involving KSh31.2 million collected from customers on behalf of a major retail chain.

According to reports, detectives from Kenya’s Directorate of Criminal Investigations (DCI) arrested Martin Kariuki Maina and Johnson Gituma Mwangi on September 2, 2026, in Nairobi’s Roysambu area. The two are directors of Flexitech Group, which operates the FlexPay platform.

The arrests followed a complaint by a major retail chain, which alleges that money collected from customers who purchased products through the company was not remitted as required.

The DCI said the two directors were acting as agents for the retailer and had received KSh31,213,700.95 from customers who had collected products from various branches. Investigators allege that the funds were subsequently diverted for personal use, with other suspects believed to be involved still at large.

The suspects are being processed ahead of their expected arraignment at the Milimani Law Courts, where they could face charges of stealing by agent. The allegations have not been proven in court, and the suspects remain entitled to due process.

FlexPay has built its reputation around helping consumers acquire products through flexible payment arrangements. Its business model has evolved into a “Save Now, Buy Later” approach, allowing customers to save towards purchases through participating merchants.

The fintech has operated for more than a decade and has attracted support from programmes including Techstars, Google LaunchPad, Safaricom Spark Accelerator and the Ecobank Fintech Challenge. By 2023, reports indicated that the company had expanded its merchant network to hundreds of businesses.

The arrests therefore come at a significant moment for a company that has positioned itself as a financial inclusion platform. With investigations continuing, attention will now turn to the court proceedings and further details concerning the alleged transactions and the retailer involved.