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Fintech

The rails of money rebuilt for the next decade

The rails of money are being rebuilt — emerging-markets neobanks bringing billions of users onto digital finance, stablecoins moving onto bank-grade distribution, and digital-asset venues maturing into regulated infrastructure. A decade-long rewrite of consumer and institutional finance.

We track the digital-asset core, neobanks, BNPL franchises moving into banking, vertical and next-gen payments, AI underwriting, and retail brokerages.

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36 companies

Adyen N.V.ADYEN
Market cap$30B
Conviction5 / 5
Vertical & next-gen paymentsCross-border payments
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Kaspi.kzKSPI
Market cap$15B
Conviction5 / 5
Emerging-markets fintechNeobanksVertical & next-gen payments
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Coinbase Global, Inc.COIN
Market cap$36B
Conviction4 / 5
Crypto exchangesStablecoins
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Stripe, Inc.Private
Market cap
Conviction4 / 5
Vertical & next-gen paymentsCross-border payments
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MercadoLibre, Inc.MELI
Market cap$82B
Conviction4 / 5
Emerging-markets fintechVertical & next-gen payments
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Robinhood Markets, Inc.HOOD
Market cap$67B
Conviction4 / 5
Retail brokerageCrypto exchanges
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Nu Holdings Ltd.NU
Market cap$45B
Conviction4 / 5
Emerging-markets fintechNeobanks
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Revolut Ltd.Private
Market cap
Conviction4 / 5
NeobanksCross-border payments
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Wise plcWISE
Market cap$11B
Conviction4 / 5
Cross-border payments
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Circle Internet Group, Inc.CRCL
Market cap$19B
Conviction4 / 5
Stablecoins
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BILL Holdings, Inc.BILL
Market cap$3.5B
Conviction3 / 5
Vertical & next-gen payments
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Sea LimitedSE
Market cap$48B
Conviction3 / 5
Emerging-markets fintech
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Toast, Inc.TOST
Market cap$12B
Conviction3 / 5
Vertical & next-gen payments
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83
Block, Inc.XYZ
Market cap$37B
Conviction3 / 5
Vertical & next-gen paymentsCrypto exchanges
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AirwallexPrivate
Market cap
Conviction3 / 5
Cross-border payments
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eToro Group Ltd.ETOR
Market cap$2.6B
Conviction3 / 5
Retail brokerageCrypto exchanges
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Inter & Co, Inc.INTR
Market cap$1.8B
Conviction3 / 5
Emerging-markets fintechNeobanks
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Payoneer Global Inc.PAYO
Market cap$1.7B
Conviction3 / 5
Cross-border payments
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Remitly Global, Inc.RELY
Market cap$4.0B
Conviction3 / 5
Cross-border paymentsEmerging-markets fintech
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Affirm Holdings, Inc.AFRM
Market cap$19B
Conviction3 / 5
BNPL to consumer banking
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Chime Financial, Inc.CHYM
Market cap$6.1B
Conviction3 / 5
Neobanks
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DLocal LimitedDLO
Market cap$2.0B
Conviction3 / 5
Emerging-markets fintech
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87
Galaxy Digital Inc.GLXY
Market cap$4.8B
Conviction3 / 5
Crypto exchanges
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Strategy (formerly MicroStrategy Incorporated)MSTR
Market cap$40B
Conviction3 / 5
Digital-asset treasuries
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Shift4 Payments, Inc.FOUR
Market cap$3.0B
Conviction3 / 5
Vertical & next-gen payments
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SoFi Technologies, Inc.SOFI
Market cap$21B
Conviction3 / 5
NeobanksRetail brokerageCrypto exchanges
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XP Inc.XP
Market cap$6.4B
Conviction3 / 5
Emerging-markets fintechRetail brokerage
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Futu Holdings LimitedFUTU
Market cap$8.8B
Conviction3 / 5
Retail brokerage
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Marqeta, Inc.MQ
Market cap$1.5B
Conviction3 / 5
Vertical & next-gen payments
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Klarna Group plcKLAR
Market cap$6.2B
Conviction3 / 5
BNPL to consumer bankingStablecoins
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Upstart Holdings, Inc.UPST
Market cap$2.8B
Conviction3 / 5
AI underwriting
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Webull CorporationBULL
Market cap$2.5B
Conviction2 / 5
Retail brokerage
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75
Dave Inc.DAVE
Market cap$2.9B
Conviction2 / 5
Neobanks
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PagSeguro Digital Ltd.PAGS
Market cap$1.4B
Conviction2 / 5
Emerging-markets fintech
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Pagaya Technologies Ltd.PGY
Market cap$1.0B
Conviction2 / 5
AI underwriting
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StoneCo Ltd.STNE
Market cap$2.4B
Conviction2 / 5
Emerging-markets fintech
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