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THEMATIC
Thematic Payments Innovation Index

TPAIN

Index Performance

+24.14%
TPAIN
+5.21%
SPY
Oct 7, 2024Oct 15, 2024Oct 23, 2024Oct 31, 2024Nov 8, 2024Nov 18, 2024Nov 26, 2024Dec 6, 2024Dec 16, 2024Dec 24, 2024Jan 6, 20250%10%20%30%40%

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?
Sectors
  • Technology Services
    44.63%
  • Commercial Services
    28.59%
  • Finance
    13.15%
  • Retail Trade
    9.17%
  • Transportation
    4.46%

Holdings

All holdings as of January 7, 2025
CSV download
Wise Plc (WPLCF)5.01%$19.94B54.75%69.47%5.79
MercadoLibre, Inc. (MELI)4.74%$91.23B41.28%45.91%5.48
Marqeta, Inc. (MQ)4.74%$1.93B17.52%-11.94%2.85
PagSeguro Digital Ltd. (PAGS)4.73%$2.09B4.58%47.52%1.95
Remitly Global, Inc. (RELY)4.73%$4.59B39.27%57.61%2.07
Payoneer Global, Inc. (PAYO)4.73%$3.67B19.34%79.39%2.46
Adyen NV (ADYEY)4.68%$48.21B-78.55%N/A15.50
DLocal Ltd. (DLO)4.67%$3.35B6.29%40.76%2.47
StoneCo Ltd. (STNE)4.66%$2.44B-14.43%26.63%4.53
Lightspeed Commerce, Inc. (LSPD)4.66%$2.46B22.41%31.91%1.86
PayPal Holdings, Inc. (PYPL)4.65%$89.76B6.05%41.21%2.58
Toast, Inc. (TOST)4.59%$22.12B26.45%24.67%3.32
Shopify, Inc. (SHOP)4.52%$147.25B26.14%51.71%12.26
Block, Inc. (SQ)4.51%$56.99B6.38%37.04%1.65
SoFi Technologies, Inc. (SOFI)4.47%$16.59B30.79%57.17%2.45
Grab Holdings Ltd. (Singapore) (GRAB)4.46%$19.29B16.42%42.88%4.06
Sea Ltd. (Singapore) (SE)4.43%$62.29B31.82%43.00%3.16
Coinbase Global, Inc. (COIN)4.37%$72.04B78.77%81.09%7.36
Bill Holdings, Inc. (BILL)4.31%$9.06B17.53%78.34%3.73
Affirm Holdings, Inc. (AFRM)4.30%$20.44B40.67%86.38%7.03
Tencent Holdings Ltd. (TCEHY)4.05%$478.89B9.32%51.53%6.10
Naspers Ltd. (NPSNY)3.98%$39.40B-5.12%36.95%8.33
Market data by FactSet