Small business emergency lending program expands fintechs’ portfolios

Host Molly Wood speaks with Felix Salmon, chief financial correspondent at Axios, about fintech companies getting involved in the PPP loan program for small businesses. He says PayPal, Square and other fintechs aren’t likely to beef up that side of their businesses beyond the federal program, mainly because they’re not well-equipped to gauge risks on loans that aren’t guaranteed by the government.