Index Performance
+0.45%
SCPAY
+7.79%
QQQ
+6.13%
SPY
Overview
Description
The Thematic Payments Innovation Index (TPAIN) tracks the performance of companies innovating across the payments landscape. Unlike other payment and fintech indices, TPAIN intentionally tracks companies that are focused on payments and driving growth through innovation. The companies included were selected for their best-in-class product offerings for these high-growth use cases - from consumer payments to business to business, from credit underwriting to payments infrastructure. Developed by experienced product developers in the payments space, having built the global payment and commerce systems at Airbnb, PayPal, Eventbrite, Brex, and Plaid.
- TickerSCPAY
- Inception Date04/28/2023
- WeightingEqual
- # of holdings24
What's inside?
Holdings
All holdings as of December 12, 2025
CSV download
| Shopify, Inc. (SHOP) | 5.11% | $213.96B | 31.54% | 48.70% | 17.75 |
| Bill Holdings, Inc. (BILL) | 4.99% | $5.46B | 10.40% | 77.36% | 3.26 |
| PagSeguro Digital Ltd. (PAGS) | 4.74% | $3.38B | 6.35% | 50.94% | 2.89 |
| Intuit, Inc. (INTU) | 4.68% | $186.70B | 18.34% | 74.16% | 9.82 |
| Lightspeed Commerce, Inc. (LSPD) | 4.63% | $1.65B | 16.20% | 30.57% | 0.98 |
| Adyen NV (ADYEY) | 4.58% | $49.31B | 17.12% | 83.44% | 15.43 |
| Tencent Holdings Ltd. (TCEHY) | 4.52% | $717.05B | 15.52% | 54.31% | 7.88 |
| DLocal Ltd. (DLO) | 4.50% | $4.16B | 49.73% | 38.37% | 3.12 |
| SoFi Technologies, Inc. (SOFI) | 4.43% | $34.39B | 28.15% | 61.71% | 7.47 |
| Naspers Ltd. (NPSNY) | 4.37% | $51.19B | 11.58% | 39.34% | 9.66 |
| Payoneer Global, Inc. (PAYO) | 4.35% | $2.12B | 9.09% | 78.36% | 1.78 |
| PayPal Holdings, Inc. (PYPL) | 4.33% | $57.69B | 7.74% | 41.03% | 2.00 |
| Marqeta, Inc. (MQ) | 4.19% | $2.17B | 27.62% | 13.88% | 2.24 |
| Toast, Inc. (TOST) | 4.11% | $20.74B | 25.13% | 26.45% | 3.48 |
| Remitly Global, Inc. (RELY) | 4.11% | $3.06B | 24.65% | 57.20% | 2.01 |
| Block, Inc. (XYZ) | 4.02% | $39.35B | 2.33% | 42.97% | 1.82 |
| MercadoLibre, Inc. (MELI) | 3.96% | $102.20B | 39.48% | 43.31% | 4.52 |
| Grab Holdings Ltd. (Singapore) (GRAB) | 3.87% | $21.05B | 21.93% | 43.76% | 6.33 |
| StoneCo Ltd. (STNE) | 3.83% | $4.21B | -33.16% | -0.53% | 9.63 |
| Wise Plc (WPLCF) | 3.81% | $14.36B | 17.53% | 71.15% | 4.78 |
| Coinbase Global, Inc. (COIN) | 3.73% | $72.12B | 21.84% | 79.35% | 10.61 |
| Affirm Holdings, Inc. (AFRM) | 3.53% | $22.20B | 33.62% | 85.66% | 8.76 |
| Sea Ltd. (Singapore) (SE) | 3.12% | $74.01B | 38.30% | 43.42% | 4.67 |
| Fiserv, Inc. (FI) | 2.50% | $36.98B | 0.92% | 58.90% | 4.68 |
Market data by FactSet
