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Payments '24: New Age Lending
8 tickers · $50.96B total market cap
Group: Payments
The investment thesis for Payments '24: New Age Lending remains strongly bullish, driven by the accelerating global shift towards digital and real-time payments, particularly in the underpenetrated B2B sector. The transformative integration of AI into credit decisioning and operational efficiency, coupled with the expansion of embedded finance, creates significant growth opportunities, despite ongoing regulatory scrutiny and intense competition.
Payments '24: New Age Lending tracks 8 publicly listed stocks in this theme: AFRM, ENVA, FCH.LSE, LC, OPFI, SOFI, TREE, UPST. See the constituent table for details.
Thesis update: 2026-03-04
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
Affirm Holdings, Inc.AFRM | 05/07/2026 (AMC) | 05/07/2026 (AMC) | -4.02% | -2.39% | 18.11% | 2.02% | $21.87B | 12.5000 |
SoFi Technologies, Inc.SOFI | 04/29/2026 (BMO) | 04/29/2026 (BMO) | -6.36% | -12.31% | -19.51% | -5.40% | $19.42B | 12.5000 |
Enova International, Inc.ENVA | 04/23/2026 (AMC) | 04/23/2026 (AMC) | 4.69% | -0.84% | 2.62% | -3.56% | $4.00B | 12.5000 |
Upstart Holdings, Inc.UPST | 05/05/2026 (AMC) | 05/05/2026 (AMC) | -22.51% | -10.54% | 3.25% | -2.16% | $2.69B | 12.5000 |
LendingClub CorporationLC | 04/27/2026 (AMC) | 04/27/2026 (AMC) | -13.59% | -3.43% | 1.60% | -9.60% | $1.76B | 12.5000 |
OppFi Inc.OPFI | 05/07/2026 (AMC) | 05/07/2026 (AMC) | -4.39% | -4.31% | 19.44% | -10.50% | $721.1M | 12.5000 |
LendingTree, Inc.TREE | 04/30/2026 (BMO) | 04/30/2026 (BMO) | 25.10% | -19.78% | 3.49% | -8.45% | $495.8M | 12.5000 |
Funding Circle Holdings plcFCH.LSE | 03/05/2026 (BMO) | — | -1.21% | — | -8.06% | — | $5.1M | 12.5000 |
| Average | -2.79% | -7.66% | 2.62% | -5.38% | $6.37B | 12.5000 | ||
| Median | -4.21% | -4.31% | 2.93% | -5.40% | $2.22B | 12.5000 | ||
| Std Dev | 13.03% | 6.33% | 11.88% | 4.17% | $8.35B | 0.0% | ||
| Min | -22.51% | -19.78% | -19.51% | -10.50% | $5.1M | 12.5000 | ||
| Max | 25.10% | -0.84% | 19.44% | 2.02% | $21.87B | 12.5000 | ||
| % Positive Tickers | 25.00% | 0.00% | 75.00% | 14.29% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.