Index Performance
-5.23%
TPAIN
-4.34%
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.
Full methodology- TickerTPAIN
- Inception Date08/24/2022
- WeightingEqual
- # of holdings22
What's inside?
Holdings
All holdings as of March 20, 2025
CSV download
| StoneCo Ltd. (STNE) | 6.54% | $3.30B | -8.64% | 27.91% | 3.80 |
| PagSeguro Digital Ltd. (PAGS) | 6.32% | $2.78B | 8.33% | 47.64% | 1.89 |
| Tencent Holdings Ltd. (TCEHY) | 5.80% | $606.17B | 6.73% | 52.90% | 5.64 |
| Marqeta, Inc. (MQ) | 5.78% | $2.28B | -25.02% | -12.47% | 1.71 |
| MercadoLibre, Inc. (MELI) | 5.76% | $104.82B | 43.56% | 44.68% | 4.13 |
| Sea Ltd. (Singapore) (SE) | 5.51% | $72.99B | 28.50% | 42.84% | 3.46 |
| Adyen NV (ADYEY) | 5.42% | $53.24B | 17.12% | 83.44% | 15.43 |
| Naspers Ltd. (NPSNY) | 5.32% | $41.50B | -5.12% | 36.95% | 8.33 |
| Wise Plc (WPLCF) | 4.59% | $17.68B | 54.75% | 69.47% | 5.79 |
| Toast, Inc. (TOST) | 4.58% | $20.63B | 28.33% | 23.81% | 4.06 |
| Shopify, Inc. (SHOP) | 4.48% | $131.43B | 25.78% | 50.09% | 15.10 |
| Grab Holdings Ltd. (Singapore) (GRAB) | 4.48% | $18.66B | 18.57% | 41.97% | 4.84 |
| Remitly Global, Inc. (RELY) | 4.37% | $4.13B | 33.85% | 57.79% | 3.20 |
| SoFi Technologies, Inc. (SOFI) | 3.95% | $13.86B | 29.33% | 57.64% | 4.64 |
| DLocal Ltd. (DLO) | 3.91% | $2.67B | 6.29% | 40.76% | 2.47 |
| PayPal Holdings, Inc. (PYPL) | 3.84% | $68.92B | 7.10% | 45.09% | 2.82 |
| Payoneer Global, Inc. (PAYO) | 3.58% | $2.72B | 17.64% | 79.94% | 3.47 |
| Affirm Holdings, Inc. (AFRM) | 3.50% | $15.35B | 46.57% | 86.62% | 9.36 |
| Coinbase Global, Inc. (COIN) | 3.28% | $48.33B | 111.17% | 86.13% | 9.55 |
| Block, Inc. (XYZ) | 3.26% | $37.79B | 10.06% | 36.21% | 2.12 |
| Lightspeed Commerce, Inc. (LSPD) | 3.15% | $1.61B | 20.00% | 32.36% | 1.70 |
| Bill Holdings, Inc. (BILL) | 2.57% | $4.89B | 13.83% | 78.39% | 6.00 |
Market data by FactSet