22.4 C
Thursday, May 30, 2024

Comprehensive Insights into the Use of Margin in Forex Trading

In the world of forex trading, understanding what is margin in forex is crucial for traders, especially those operating in Kenya. Margin is essentially...
HomebioPaul Ndichu Biography, Career, Wife and Trivia  

Paul Ndichu Biography, Career, Wife and Trivia  

By Prudence Minayo

Paul Ndichu co-founder and executive director at Wapi Pay. According to Crunch Base, he previously worked as the CEO and leader at Jumia Group and also had senior stints at Interswitch, CFC Stanbic among other institutions. 

Founded in 2019, Wapi Pay provides payment gateway for African businesses to receive and send money from Asia via mobile money platforms and bank accounts. Presently, Wapi Pay works with local banks and platforms in China, Indonesia, India, Japan, Malaysia, Philippines, Singapore, Thailand, Taiwan and Vietnam. They recently received a $2.2 million pre-seed investment. 


Paul Ndichu started his career in Australia at Costa Exchange Limited. He acted as head of marketing and sales in Australia’s Premier Grower, Supplier, distributor, and Marketer of Fresh Produce. 

Upon returning to Kenya, he landed a job with CFC Stanbic. At the bank, he rose to become head of Digital Banking and Payments.

Afterwards, he joined Jumia Group’s Easy Taxi and became the CEO before the taxi hailing service finally left the market. 

In January 2017, he became CEO for Interswitch East Africa. This is an African focused integrated and commerce company with presence in nearly 20 African countries. 

Also Read: Eddie Ndichu Biography, Education, Career, Family, Marriage and Scandal

Also Read: Janet Mbugua Biography, Age, Education, Family, Career And Projects

Paul Ndichu and his brother co-founded a company named Wapi Pay. He acted as Executive Director while his brother acted as CEO. Recently, the company’s board of directors announced the two brothers would be stepping down from their roles, to allow investigations into the assault charges against them. Before this announcement, Wapi Pay had earlier on defended the brothers saying they wanted to neutralize and defend themselves from certain aggressors. They had termed the incident as unfortunate and distasteful saying the company is not in support of gender based violence.  


Paul married Momanyi in a colorful private ceremony on 12th May 2017. The occasion was held at Limuru Gardens and his twin daughters from his previous relationship with Grace Msalame were the flower girls. Grace Msalame, who was unable to attend, penned a congratulatory message to the couple wishing them all the best in their matrimony. 

Paul Ndichu and Evaline have a daughter together. 

Evaline Momanyi has worked as a senior manager at M-pesa and is a board member at the African Advisory board of Save the Children UK. She has also previously worked at Chase Bank as a senior manager. 

She currently works at Equity Bank as Group Head Payment Growth. 

According to rumors flying around on social media, the couple are no longer together. None of them have commented on the rumor. 

Trivia/ Assault Charges 

Paul Ndichu and his brother have been trending on social media following the alleged attack on Cheryl and Stephanie Murgor. 

This incident has had ramifications on Wapi Pay as one of the major investors, Kepple Africa Ventures, withdrew their funding from the tech firm.   Eddie Ndichu released a statement saying the assault rumors were false and asked people to refrain from spreading them. 

On Wednesday, investigators from the Akila Police Station’s Crime Unit forwarded their findings with regards to the case to the ODPP for review and advice. 

Also Read: Noordin Haji Biography, Age, Education and His Career

Sources aware of the investigations have said the file has been returned to the police advising them to cover at least 10 key issues before charges can be preferred to the suspects. Among the issues they’ve been told to do is obtain a doctor’s report to show that indeed the complainants had sought treatment before the police issued a P3.