In this week’s PeerIQ Industry Update they cover the surprising jobs report that sent markets shooting up on Friday with the unemployment rate dropping to 13.3 percent; banks are a sign of strength in the economy and PeerIQ saw the rate of loans in hardship drop for the first time since the pandemic began; legislators passed a relief bill for PPP forgiveness giving businesses 24wks to spend PPP funds and reduces the share that must be spent on payroll costs to 60 percent; buy now pay later has been one of the biggest stories in fintech with the offering becoming more widespread through companies like QuadPay and Apple; Affirm also added a savings account and Varo Money raised a $241mn series D round. PeerIQ
