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THEMATIC
Thematic Payments Innovation Index

TPAIN

Index Performance

+4.40%
TPAIN
+7.84%
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 holdings23
What's inside?

Holdings

All holdings as of April 12, 2024
CSV download
Payoneer Global, Inc. (PAYO)4.98%$1.78B32.42%82.15%1.76
Naspers Ltd. (NPSNY)4.80%$31.64B-14.63%N/A8.69
Tencent Holdings Ltd. (TCEHY)4.72%$369.86B4.38%47.20%4.30
Grab Holdings Ltd. (Singapore) (GRAB)4.63%$12.73B64.62%36.46%3.77
SoFi Technologies, Inc. (SOFI)4.59%$7.74B65.20%62.47%3.75
Lightspeed Commerce, Inc. (LSPD)4.55%$2.06B27.44%30.98%2.86
PayPal Holdings, Inc. (PYPL)4.53%$67.99B9.70%45.23%2.20
Wise Plc (WPLCF)4.51%$12.13B77.75%N/A5.28
Coinbase Global, Inc. (COIN)4.47%$48.05B-2.69%86.47%13.37
Toast, Inc. (TOST)4.46%$10.41B41.52%21.35%2.24
Cielo SA (CIOXY)4.37%$2.90B2.51%35.52%2.84
Affirm Holdings, Inc. (AFRM)4.26%$8.47B47.94%84.74%9.99
MercadoLibre, Inc. (MELI)4.24%$73.21B37.35%48.03%5.48
Block, Inc. (SQ)4.23%$42.74B25.01%32.52%2.07
Bill Holdings, Inc. (BILL)4.20%$6.48B22.50%77.05%6.62
Remitly Global, Inc. (RELY)4.18%$3.60B44.48%54.83%3.53
Adyen NV (ADYEY)4.17%$47.10B-78.55%49.98%15.50
StoneCo Ltd. (STNE)4.11%$4.68B21.26%36.62%5.58
Sea Ltd. (Singapore) (SE)4.04%$27.77B5.02%44.66%1.67
Marqeta, Inc. (MQ)4.04%$2.51B-9.63%-26.74%3.66
Shopify, Inc. (SHOP)4.00%$84.79B26.07%49.39%13.81
PagSeguro Digital Ltd. (PAGS)3.98%$2.56B6.95%47.78%1.96
DLocal Ltd. (DLO)3.95%$2.59B46.54%38.48%8.49
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