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Theme · 37 companies

Fintech & Digital Payments

Cash is disappearing. These companies replaced it.

20
pure play
17
major beneficiary

Who's connected.
And how.

09 / 44 themes
Pure Play
Core business is this trend
VV
V
Visa
Pure Play

Operates the world's largest payment network. Does not lend money — just processes transactions and collects a fee on every card swipe globally. 4 billion cards. 100+ million merchants. Pure toll-road business model.

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MAMA
MA
Mastercard
Pure Play

The second-largest payment network, nearly identical to Visa. Together they process the majority of card transactions globally. Expanding aggressively into real-time payments, open banking, and business-to-business payment flows.

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PYPLPYPL
PYPL
PayPal
Pure Play

Pioneered online payments and still processes a huge share of e-commerce globally. Owns Venmo (peer-to-peer payments) and Braintree (merchant processing). Under pressure from Apple Pay and competition but still handles billions of transactions.

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SQSQ
SQ
Block
Pure Play

Started as Square, selling card readers to small businesses. Now owns Cash App (45M+ users), Afterpay (buy now pay later), and Spiral (Bitcoin). Tries to build the financial infrastructure for people the traditional banking system underserves.

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COINCOIN
COIN
Coinbase
Pure Play

Linked to Crypto Exchange and Digital Assets. Competes with Robinhood and Block.

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HOODHOOD
HOOD
Robinhood
Pure Play

Linked to Retail Trading. Competes with Coinbase and Charles Schwab.

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SOFISOFI
SOFI
SoFi Technologies
Pure Play

Linked to Digital Banking and Fintech. Competes with Robinhood and Coinbase.

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MSTRMSTR
MSTR
MicroStrategy
Pure Play

Linked to Bitcoin and Crypto. Competes with Coinbase and MARA Holdings.

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MARAMARA
MARA
MARA Holdings
Pure Play

Linked to Bitcoin and Crypto Mining. Relies on NVIDIA. Competes with IREN and TeraWulf.

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IRENIREN
IREN
Iris Energy
Pure Play

Linked to Crypto Mining and Bitcoin. Relies on NVIDIA. Competes with MARA Holdings and TeraWulf.

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WULFWULF
WULF
TeraWulf
Pure Play

Linked to Crypto Mining and Bitcoin. Competes with MARA Holdings and IREN.

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BACBAC
BAC
Bank of America
Pure Play

Linked to Digital Banking and Fintech Disruption. Relies on Microsoft and IBM. Competes with JPMorgan Chase and Wells Fargo.

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GSGS
GS
Goldman Sachs
Pure Play

Linked to AI in Finance and Digital Banking. Relies on Microsoft and NVIDIA. Competes with Morgan Stanley and JPMorgan Chase.

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AXPAXP
AXP
American Express
Pure Play

Linked to Digital Payments. Relies on Microsoft. Competes with Visa and Mastercard.

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SCHWSCHW
SCHW
Charles Schwab
Pure Play

Linked to Retail Investing and Zero-Commission Trading. Relies on Microsoft and NVIDIA. Competes with Robinhood and Morgan Stanley.

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PDDPDD
PDD
PDD Holdings
Pure Play

Linked to Cross-Border Commerce. Relies on Meta. Competes with Alibaba and JD.com.

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IBKRIBKR
IBKR
Interactive Brokers
Pure Play

Linked to Retail Investing and Online Brokerage. Relies on Nasdaq and ICE. Competes with Charles Schwab and Robinhood.

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FISFIS
FIS
Fidelity National Information Services
Pure Play

Linked to Financial Technology and Payments. Customers include JPMorgan and Bank of America. Competes with Fiserv and NCR.

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FIFI
FI
Fiserv
Pure Play

Linked to Payments and Financial Technology. Customers include Walmart and McDonald's. Competes with FIS and NCR.

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CBOECBOE
CBOE
Cboe Global Markets
Pure Play

Linked to Options Trading. Competes with CME Group and Nasdaq.

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