Blue Acorn Made $1B on PPP, Now Congress Has Questions

Scottsdale based Blue Acorn processed billions of dollars in PPP loans and now Congress wants answers on fraud. The company made it remarkably easy for borrowers to obtain PPP funds with their automated systems and collected $1 billion in fees.

Fintech’s have a lot to answer for now that the dust has settled. This will be interesting to see how this shakes out.