A crop of fintechs is trying to help banks and small businesses with the new $320 billion round of PPP loans. Here's what they're doing.

How fintechs like Plaid and PayNet are working with lenders and small businesses on PPP applications and tracking documentation for loan forgiveness.

April 27, 2020   |   View Online »

A crop of fintechs is trying to help banks and small businesses with the new $320 billion round of PPP loans. Here's what they're doing. Shannen Balogh | How fintechs like Plaid and PayNet are working with lenders and small businesses on PPP applications and tracking documentation for loan forgiveness. Read More »

Leaked memo shows Bank of America's talking points for staffers on how to handle the next round of PPP loans — and warns that funds likely won't meet 'extreme need and demand' Rebecca Ungarino | Here's what Bank of America is telling staffers ahead of the second round of PPP loans, including how clients can apply and that funds could run out. Read More »

The stock market is rebounding without the most important ingredient it needs for long-term gains — and one quant chief warns it's a setup for another crash Akin Oyedele | Stocks need profit growth to rise on a sustained basis — but the coronavirus crisis is drying up cash flows. Read More »

$1 billion startup Rent the Runway has furloughed 35% of its employees. Its future is now in question as coronavirus ravages retail. Tanya Dua | Rent the Runway has long been heralded as one of Silicon Valley's hottest startups. Now it faces a challenge it could have never anticipated. Read More »

These 11 tech companies could be the most at risk if Trump hinders immigration into the US by foreign workers Bani Sapra | Big companies like Amazon may be hit hard by immigration constraints, according to data from the US Citizenship and Immigration Services department. Read More »

Facebook was designed to be addictive, but people who left the site tell us there hasn't been any reason for them to return, even during a pandemic Lisa Eadicicco | People who left Facebook due to its scandals say they've ultimately found what they need elsewhere, and the platform hasn't been able to lure them back. Read More »

Amazon's next best bet to take the $10 billion JEDI cloud deal from Microsoft hinges on a 'wildcard' error in the process after a Pentagon investigation splashed cold water on its claims that Trump interfered Ashley Stewart | Experts say the case likely rests on an error the Pentagon made during the bidding process – and whether there are others like it. Read More »

The president of Sapphire Ventures gives his 5 recommendations for startups to survive the COVID-19 crisis, especially that 'if you can avoid it, don't fundraise now' Benjamin Pimentel | Sapphire Ventures President Jai Das says startups should avoid fundraising during the crisis. If they need to, they shouldn't sell themselves short. Read More »

GOLDMAN SACHS: These are the top 11 companies to watch as we enter the best stock-picking environment in over a decade Marley Jay | Goldman says stock-picking conditions are the ripest they've been since the post-Great Recession period of 2009. Read More »

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