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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$31B
Conviction5 / 5
Vertical & next-gen paymentsCross-border payments
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Kaspi.kzKSPI
Market cap$18B
Conviction5 / 5
Emerging-markets fintechNeobanksVertical & next-gen payments
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Coinbase Global, Inc.COIN
Market cap$44B
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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77
MercadoLibre, Inc.MELI
Market cap$91B
Conviction4 / 5
Emerging-markets fintechVertical & next-gen payments
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Robinhood Markets, Inc.HOOD
Market cap$97B
Conviction4 / 5
Retail brokerageCrypto exchanges
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Nu Holdings Ltd.NU
Market cap$52B
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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81
Circle Internet Group, Inc.CRCL
Market cap$22B
Conviction4 / 5
Stablecoins
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BILL Holdings, Inc.BILL
Market cap$3.9B
Conviction3 / 5
Vertical & next-gen payments
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Sea LimitedSE
Market cap$59B
Conviction3 / 5
Emerging-markets fintech
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Toast, Inc.TOST
Market cap$15B
Conviction3 / 5
Vertical & next-gen payments
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Block, Inc.XYZ
Market cap$40B
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$1.8B
Conviction3 / 5
Retail brokerageCrypto exchanges
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Inter & Co, Inc.INTR
Market cap$1.7B
Conviction3 / 5
Emerging-markets fintechNeobanks
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84
Payoneer Global Inc.PAYO
Market cap$2.4B
Conviction3 / 5
Cross-border payments
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Remitly Global, Inc.RELY
Market cap$4.3B
Conviction3 / 5
Cross-border paymentsEmerging-markets fintech
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Affirm Holdings, Inc.AFRM
Market cap$20B
Conviction3 / 5
BNPL to consumer banking
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Chime Financial, Inc.CHYM
Market cap$9.2B
Conviction3 / 5
Neobanks
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DLocal LimitedDLO
Market cap$2.5B
Conviction3 / 5
Emerging-markets fintech
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86
Galaxy Digital Inc.GLXY
Market cap$5.0B
Conviction3 / 5
Crypto exchanges
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87
Strategy (formerly MicroStrategy Incorporated)MSTR
Market cap$61B
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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79
XP Inc.XP
Market cap$8.5B
Conviction3 / 5
Emerging-markets fintechRetail brokerage
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Futu Holdings LimitedFUTU
Market cap$11B
Conviction3 / 5
Retail brokerage
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80
Marqeta, Inc.MQ
Market cap$1.5B
Conviction3 / 5
Vertical & next-gen payments
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Klarna Group plcKLAR
Market cap$4.9B
Conviction3 / 5
BNPL to consumer bankingStablecoins
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Upstart Holdings, Inc.UPST
Market cap$2.4B
Conviction3 / 5
AI underwriting
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Webull CorporationBULL
Market cap$3.5B
Conviction2 / 5
Retail brokerage
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Dave Inc.DAVE
Market cap$3.7B
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$1.4B
Conviction2 / 5
AI underwriting
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StoneCo Ltd.STNE
Market cap$2.1B
Conviction2 / 5
Emerging-markets fintech
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