Stripe co-founder hits back at rivals accusing the company of unfair competition

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John Collison, Stripe's president, said he's 'pretty unapologetic' about decisions to launch similar features to rival fintech firms.

have been accused of mimicking the audio chat app Clubhouse with their own competing features, for example.from fellow financial technology firms including Bolt, a one-click checkout service, and Plaid, which allows fintech companies to access customer data securely.

Ryan Breslow, founder of Bolt, described Stripe as a "mob boss" in Silicon Valley, accusing it of colluding with investors like Y Combinator and Sequoia to make it harder for rival firms to compete. In a since-deleted tweet, Plaid CEO Zach Perret accused Stripe of using information obtained from an interview with Plaid to launch a similar product called Financial Connections.

In one tweet, Breslow — who has since stepped down as Bolt's CEO — accused Stripe of running a "monopoly on technical eyeballs," claiming the company made it harder for competing fintech firms to get coverage on Hacker News, a popular tech news website owned by Y Combinator."There are so many payment companies," he said, adding firms like

 

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