In the $793 billion Paycheck Protection Program, we examine metrics related to potential misreporting including nonregistered businesses, multiple businesses at residential addresses, abnormally high implied compensation per employee, and large inconsistencies with jobs reported in another government program. These measures consistently concentrate in certain FinTech lenders and are cross-verified by seven additional measures. FinTech market share increased significantly over time, and suspicious lending by FinTechs in 2021 is four times the level at the start of the program. Suspicious loans are being overwhelmingly forgiven at rates similar to other loans. THE MELDING OF FINANCIAL TECHNOLOGY and banking, also known as Fin-Tech lending, has emerged at a rapid pace in the aftermath of the financial crisis. Buchak et al. (2018) find that an increase in regulatory burdens for