Update: Police arrest tech executive for murder of Cash App founder Bob Lee

Police in San Francisco have made an arrest of a tech executive for the stabbing murder of Cash App founder, Bob Lee.

The 43-year-old father of two was stabbed at about 2:30 a.m. on the 4th of April neighborhood of Rincon Hill and Lee allegedly knew his killer, Mission Local reported.

Police are yet to confirm the identity of the suspect, according to Mission Local he is a fellow tech executive who lives in the Bay Area.

It is unclear if the man attended the same tech conference Lee was in town for, but the pair were seen in a car together at around 2.30 am, moments before the stabbing.

Apparently, there was a confrontation that led to the attack. This is according to police sources.