E-commerce and payment processing

E-commerce and payment processing

Peer-to-peer electronic money transfers have rapidly become commonplace, and e-commerce transactions and one-button checkout are taking share from cash and physical card payments.

The U.S. e-commerce market has grown annually at 16% since 2001, well ahead of aggregate retail sales during the same time period.

As of the end of 2018, there were more than 80 million mobile phone peer-to-peer payment users in the United States, according to market research firm eMarketer.

PayPal Holdings (PYPL)

PayPal enables businesses and individuals to electronically transfer money and has benefited from the rapid adoption of digital payments.

  • PayPal has experienced consistent, mid-teens year-over-year growth in active accounts. We are optimistic about the potential to monetize Venmo, the company’s app that provides peer-to-peer payments.
  • User growth for Venmo has been strong, especially among younger users who appreciate the ability to send cash quickly between friends.

As screen time becomes a core aspect of daily life, some providers stand to enjoy considerable longer-term growth.

screen time

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of pets

Patients' genetic makeup will become integral to diagnosis, treatment, and therapy — and some companies are well positioned to see ongoing growth from it.


Self-driving vehicles are only in the testing phase; the opportunity for semiconductor companies to supply these markets is already growing at above-market rates.

Autonomous and
electric vehicles

Most companies now recognize that digital marketing's essential for growth—and their investments are driving growth in data-driven tools on social media, mobile applications, email, search engines, and websites.


5G technology will improve wireless speeds and let users connect to more devices at once, facilitating the Internet of Things. The rapid growth in connected devices and systems will drive carriers to invest rapidly in 5G networks.

5G connectivity and
the Internet of Things

COVID-19 has driven major changes in consumer-purchasing preferences, human communication, and workflows. We are identifying companies across a multitude of industries that will be beneficiaries once the dust settles.


The demand for cloud computing is on the rise as more businesses find it essential to transition their on-site information technology systems to the cloud.

Our philosophy is simple: growth potential, but make it durable.