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THEMATIC
Thematic Payments Innovation Index

TPAIN

Index Performance

+4.81%
TPAIN
+4.45%
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 May 6, 2024
CSV download
Tencent Holdings Ltd. (TCEHY)5.65%$436.44B4.38%47.20%4.30
Naspers Ltd. (NPSNY)5.43%$36.20B-14.63%N/A8.69
Payoneer Global, Inc. (PAYO)5.24%$1.89B32.42%82.15%1.76
Sea Ltd. (Singapore) (SE)4.90%$34.75B5.02%43.78%1.67
Grab Holdings Ltd. (Singapore) (GRAB)4.79%$13.49B64.62%36.46%3.77
MercadoLibre, Inc. (MELI)4.75%$82.67B42.67%46.71%4.81
Lightspeed Commerce, Inc. (LSPD)4.65%$2.06B27.44%30.98%2.86
Affirm Holdings, Inc. (AFRM)4.60%$9.07B47.94%84.74%9.99
Cielo SA (CIOXY)4.53%$2.98B2.51%35.52%2.84
PayPal Holdings, Inc. (PYPL)4.50%$68.73B10.79%39.39%2.27
SoFi Technologies, Inc. (SOFI)4.39%$7.35B49.44%69.22%2.11
Shopify, Inc. (SHOP)4.32%$89.95B26.07%49.39%13.81
Toast, Inc. (TOST)4.31%$10.26B41.52%21.35%2.24
StoneCo Ltd. (STNE)4.18%$4.86B21.26%36.62%5.58
Marqeta, Inc. (MQ)4.16%$2.56B-9.63%-26.74%3.66
Coinbase Global, Inc. (COIN)4.03%$44.60B201.18%90.74%14.57
PagSeguro Digital Ltd. (PAGS)4.02%$2.61B6.95%47.78%1.96
Block, Inc. (SQ)3.95%$38.57B19.38%34.43%2.25
Bill Holdings, Inc. (BILL)3.79%$5.95B18.52%78.37%5.56
Wise Plc (WPLCF)3.68%$10.15B77.75%N/A5.28
Adyen NV (ADYEY)3.44%$38.61B-78.55%49.98%15.50
DLocal Ltd. (DLO)3.40%$2.31B46.54%38.48%8.49
Remitly Global, Inc. (RELY)3.30%$2.87B32.01%57.54%3.78
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