Big FinTechs Slide While eToro and Adyen Rally

Hi FinTech Fanatic,

It was a rough week for listed FinTechs, with broad declines across large payments and several crypto names. At the same time, a small group of mid-cap players, led by eToro and Adyen, delivered solid gains and softened the overall picture.

👇 Here’s how listed FinTech companies performed this week.

🏦 FinTechs by Market Cap

The overall FinTech landscape moved sharply lower this week.

Visa posted one of its steepest drops of the year (–6.85%), while losses deepened further down the ranking with sharp declines in Block (–12.44%) and Fiserv (–10.64%). Circle recorded the most severe contraction this week (–16.66%).

Among the few gainers, Adyen stood out with a solid rebound (+6.86%), supported by smaller increases in Nubank (+1.37%), SoFi (+1.94%) and KakaoBank (+2.26%).

📈 FinTechs by Performance

The performance leaderboard was led by a striking surge in eToro (+19.27%), making it the strongest performer across all FinTech categories this week.

Adyen followed with another notable gain (+6.86%), while regional players PagSeguro (+3.07%) and dLocal (+2.99%) added lighter increases.

💳 Payment Companies by Market Cap

Payments companies were broadly under pressure.

Visa, Mastercard and American Express all ended the week lower, while the declines intensified further down the list, with Block (–12.44%) and Fiserv (–10.64%) among the hardest hit.

Adyen was the clear exception, rising nearly seven percent (+6.86%) and standing out as the sector’s strongest performer.

🏦 Digital Banks by Market Cap

Digital banks showed a mixed but relatively stable pattern.

Nubank (+1.37%) and SoFi (+1.94%) each posted modest gains, and KakaoBank extended its upward momentum (+2.26%).

In contrast, Chime gave back a notable share of last week’s gains (–5.83%), while Dave recorded the steepest drop in the group (–12.20%).

₿ Crypto Companies by Market Cap

Crypto-linked FinTechs once again delivered the most volatile moves.

Circle fell sharply (–16.66%), and Bakkt dropped even further (–20.24%), marking the largest decline across FinTech listed companies this week. Coinbase also moved lower (–6.88%).

The outlier was eToro, which surged nearly twenty percent (+19.27%) and outperformed all crypto and FinTech peers.