Cash App founder Bob Lee's death

Nima Momeni, 38, of Emeryville, California, is the suspect. According to police, Mr. Momeni and Mr. Lee knew each other.

Mr. Momeni is listed as a technology consultant and startup owner on his LinkedIn profile.

On April 4, Mr. Lee, 43, was discovered by police unconscious and with stab wounds near the center of San Francisco.

He died of his injuries in the hospital.

In a news meeting on Thursday, San Francisco Police Division boss William Scott reported Mr Momeni's capture, and added that the suspect knew Mr Lee.

According to Chief Scott, Mr. Momeni was arrested at the San Francisco County Jail and had been charged with murder.

He did not go into detail about how the suspect and Mr. Lee knew each other.

Mr. Momeni is wanted by the prosecution without bail. Friday's hearing for arraignment has been scheduled.

Despite the arrest, Chief Scott stated that the "case is not closed" and that an investigation into Mr. Lee's death is ongoing.

The arrest was first reported on by a regional news outlet called Mission Local, who identified the suspect as someone who works in the technology sector.

The report said, citing police sources, that Mr. Lee and the suspect were in the same vehicle and had a fight before Mr. Lee was stabbed.

On April 4, around 02:35 local time (09:35 GMT), reports of the stabbing were first reported to police.

Mr. Lee can be seen walking down a deserted alleyway, appearing to be seeking assistance, according to CCTV footage obtained by The San Francisco Standard.

The tech entrepreneur is seen stumbling toward a parked car and raising his shirt to show his wound, but the car drives off before the tech entrepreneur can get to his feet.

Police found Mr Lee oblivious in the Rincon Slope neighborhood with two cut injuries to his chest, and began to regulate help prior to hurrying him to clinic.

He was in charge of MobileCoin, a cryptocurrency company, as its chief product officer.

Cash App, a smartphone-based platform for person-to-person money transfers, is also credited to Mr. Lee. Forbes estimates that the app is worth $40 billion (£32 billion) and is popular in the US.

His demise earned numerous recognitions from figures in the US tech industry.

It likewise lighted analysis against experts in San Francisco for their reaction to the city's fierce crime percentage.

Brooke Jenkins, the District Attorney of San Francisco, addressed the criticism at the news conference on Thursday by stating that her office and the police had "worked tirelessly" to solve Mr. Lee's case and others.

She also said that those who said Mr. Lee's death was linked to San Francisco's overall safety were "reckless and irresponsible."

Elon Musk was specifically mentioned by Ms. Jenkins. Following Mr. Lee's stabbing, Musk tweeted that "violent crime in San Francisco is horrific and even if attackers are caught, they are often released immediately."

She said the tweet "expected mistaken conditions about Mr Lee's passing deceived the world in their impression of San Francisco".

Police insights propose San Francisco's homicide rate is genuinely predictable. Last year, 56 people were killed, and 56 the year before that. It appears that the city will have a similar homicide rate this year.

As indicated by the San Francisco Account, the city has abnormally high paces of vandalism, like robbery and thievery, however below the norm paces of rough wrongdoing contrasted and different US urban communities.

On Monday, Whole Foods temporarily closed its flagship store in San Francisco due to safety concerns.

Due to concerns about criminal activity, other retail giants like Walgreens and Target have recently reduced or closed their city locations.