MCP startup Runlayer has filed a lawsuit against Rippling, claiming that the fintech company stole its innovative product idea. According to sources close to the matter, Runlayer's Mosaic Central Protocol (MCP) gateway is designed to facilitate secure and efficient peer-to-peer transactions between users and merchants. The idea was first pitched by Runlayer in 2020 but never received significant attention until Rippling evaluated it.
Rippling has developed its own MCP product, which is intended for cross-border payments and remittances. By analyzing the Mosaic Central Protocol, Rippling allegedly identified the concept of using a secure network to facilitate peer-to-peer transactions, similar to what Runlayer's idea aimed to achieve. The startup claims that Rippling then chose to build its own version of MCP, which it says is superior to Runlayer's product.
Runlayer has accused Rippling of patent infringement and unfair competition. In the lawsuit, the startup seeks a court-ordered stop of Rippling's MCP product development and a judgment that awards it damages for lost profits. The dispute is likely to draw attention from the fintech community, where several other startups have been developing similar solutions in recent years. Runlayer will likely argue that its innovative idea was not adequately protected by Rippling's intellectual property rights.