Index Performance
-3.66%
DAVE
+25.04%
SKYY
+4.52%
QQQ
+3.81%
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.
- TickerDAVE
- Inception Date09/05/2023
- WeightingEqual
- # of holdings22
What's inside?
Holdings
All holdings as of October 26, 2026
CSV download
| Shopify, Inc. (SHOP) | 5.98% | $216.59B | 33.69% | 47.53% | 10.83 |
| Lightspeed Commerce, Inc. (LSPD) | 5.40% | $1.48B | 5.80% | 40.33% | 0.90 |
| Marqeta, Inc. (MQ) | 5.38% | $1.91B | 17.02% | 19.27% | 1.16 |
| Remitly Global, Inc. (RELY) | 5.12% | $5.20B | 20.23% | 60.80% | 2.38 |
| Toast, Inc. (TOST) | 4.94% | $18.67B | 23.10% | 27.04% | 2.16 |
| PayPal Holdings, Inc. (PYPL) | 4.81% | $47.04B | 3.80% | 39.60% | 1.20 |
| Bill Holdings, Inc. (BILL) | 4.80% | $4.26B | 13.03% | 76.87% | 2.08 |
| Adyen NV (ADYEY) | 4.70% | $32.89B | 23.40% | 83.41% | 12.81 |
| DLocal Ltd. (DLO) | 4.64% | $4.07B | 55.84% | 31.25% | 2.22 |
| Payoneer Global, Inc. (PAYO) | 4.58% | $2.42B | 5.24% | 78.69% | 1.98 |
| Block, Inc. (XYZ) | 4.47% | $44.79B | 9.30% | 47.32% | 1.83 |
| Affirm Holdings, Inc. (AFRM) | 4.46% | $23.56B | 32.43% | 76.78% | 8.91 |
| Grab Holdings Ltd. (Singapore) (GRAB) | 4.43% | $11.05B | 21.73% | 43.63% | 3.19 |
| Wise Ltd. (Greater London) (WPLCF) | 4.36% | N/A | 11.41% | 58.06% | 2.72 |
| PagSeguro Digital Ltd. (PAGS) | 4.35% | $2.38B | 11.92% | 51.25% | 2.77 |
| MercadoLibre, Inc. (MELI) | 4.27% | $84.60B | 49.76% | 40.90% | 2.43 |
| Naspers Ltd. (NPSNY) | 4.18% | $30.41B | 52.16% | 44.44% | 6.75 |
| Tencent Holdings Ltd. (TCEHY) | 4.17% | $443.83B | 17.94% | 55.52% | 4.57 |
| StoneCo Ltd. (STNE) | 3.99% | $2.03B | -14.13% | -75.23% | 7.38 |
| SoFi Technologies, Inc. (SOFI) | 3.90% | $18.68B | 39.09% | 62.21% | 4.31 |
| Coinbase Global, Inc. (COIN) | 3.75% | $42.11B | -61.10% | 48.65% | 7.53 |
| Sea Ltd. (Singapore) (SE) | 3.32% | $45.33B | 48.07% | 45.58% | 1.86 |
Market data by FactSet
