This presentation has been prepared by LexinFintech Holdings Ltd (the "Company") pursuant to Section 5(d) of the U.S. Securities Act of 1933, as amended (the "Securities Act") solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any investment activity or trading strategy, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever, in the U ...

图片来源： Uns p l a sh 在移动互联网时代，开发者把支付嵌入界面，让用户在最自然的场景中"一点即付"。 但在智能体时代，支付不再发生在人与按钮之间，而发生在 大模型的 上下文与意图理解之中 。未来的支付不是点击，而是对话；不是界面触发，而是逻辑触发。智能体在理解用户意图后，将自动完成比对、验证、扣款、回 执等一整套金融动作。 当支付从界面融入模型，从操作融入语境，"嵌入式支付 2.0" 将作为 AI 时代的基础设施正式登场。 在互联网发展的每一个时代，支付方式的革新都伴随着经济结构的更替。从 Visa 的卡组织网络，到 PayPal 的数字钱包革命，再到 Stripe 的 API 支付标准 化，每一次支付范式的更新都不是简单的技术变化，而是商业参与者身份的变化。 过去十年，金融科技发展的主旋律是移动互联网：无论是 Stripe 的 API 支付，还是支付宝生态的普惠金融，本质都是围绕"人"展开的——人的消费、人的行为、人的信用、人的场景。 而随着人工智能的逐渐发展与成熟，很可能成为金融史上的下一个分水岭： 人 工智能正在成为互联网新的经济主体。当 AI 不再是一个服务工具，而是一 个能够理解意图、 ...

19 November 2025 | 10:41PM KST Equity Research ASIA FINTECH Assessing the lie of the land for Stablecoins in Asia-Pacific On the heels of the GENIUS Act, passed in July 2025, and a handful of stablecoin IPOs in the US, many Asia-Pacific countries are actively reviewing whether and how to introduce their own local currency stablecoins. As our Americas Fintech analysts have set out in their deep-dive report, the potential opportunities are large, but still very much in an evolutionary phase. In Asia Pacific, ...

Market Overview - The equity markets are facing potential declines after a record-high performance, with concerns about valuations and profit-taking [1][2] - Analysts predict a possible market pullback of up to 9%, with technical factors indicating downside risks [2][3] - The US Federal Reserve's interest rate cuts are expected to stimulate economic growth, benefiting small-cap and penny stocks [3][4] Small-Cap Performance - Historically, small-cap companies have outperformed large-cap companies during central bank easing cycles, with an average return of 35% for the Russell 2000 compared to 23% for the SPX in the year following rate cuts [4] - A dovish Federal Reserve is seen as a positive indicator for small-cap performance [5] Fastest Growing Penny Stocks - A list of the fastest-growing penny stocks has been compiled, focusing on companies trading under $5 with over 100% sales growth in the past year and 50% growth over three years [8] - Stocks were selected based on their upside potential of more than 30% and popularity among elite hedge funds [9] DeFi Technologies Inc. (NASDAQ:DEFT) - DeFi Technologies has shown significant sales growth with a 3-year sales growth of 1181.92% and a year-over-year growth of 138.94% [10] - The stock has an upside potential of 78.21% and is held by 9 hedge funds [10] - Despite a decline in revenues from $28.1 million to $22.5 million year-over-year, the company maintains a strong financial position with over $900 million in average assets under management [12][13] Ur-Energy Inc. (NYSE:URG) - Ur-Energy has a 3-year sales growth of 1181.92% and a year-over-year growth of 138.94%, with an upside potential of 80.21% and 22 hedge fund holders [15] - The company is positioned to benefit from increasing uranium demand, having secured off-take agreements with US nuclear power plants and projecting revenues of $27.2 million for 2025 [16][19] - Ur-Energy is ramping up production at its Lost Creek project and is set to start production at a second uranium mining project in Wyoming [17]

Learn more about the top onchain companies revolutionizing the sector, the industries being impacted, and key investment trends shaping the future of the digital asset ecosystem. Key Takeaways: What is Blockchain and Why Is It Important for Crypto? Blockchain is a decentralized digital ledger that records transactions across a network of computers, ensuring transparency, security, and immutability without the need for a central authority. Each "block†in the chain contains a set of verified transactions, and ...

Core Insights - SoFi Technologies has shown significant recovery in its stock price, trading around $26 after hitting a low of $4.30 in December 2022, driven by declining interest rates and the resumption of student loan payments [1][3][6] Company Overview - Founded in 2011, SoFi initially focused on student loans and has since expanded into a comprehensive fintech platform offering mortgages, auto loans, personal loans, credit cards, insurance, estate planning, and stock trading tools [3][4] - The acquisition of Galileo in 2020 and obtaining a U.S. bank charter in 2022 have allowed SoFi to grow rapidly and leverage data for AI-driven financial services [4] Financial Performance - From 2021 to 2024, SoFi's year-end members increased from 2.5 million to 10.1 million, products in use rose from 1.9 million to 14.7 million, and adjusted annual revenue grew from $1.01 billion to $2.61 billion, reflecting a compound annual growth rate (CAGR) of 37% [6] - In the first nine months of 2025, adjusted revenue increased by 38% year over year to $2.58 billion, with member growth of 35% to 12.6 million and products in use climbing 36% to 18.6 million [7] Market Trends - The growth is primarily driven by younger millennial and Gen Z users who favor digital banking over traditional banks, allowing SoFi to capture a larger market share [8] Future Projections - Analysts project a CAGR of 27% for revenue and 44% for adjusted EBITDA from 2024 to 2027, driven by four key catalysts: expansion of the loan platform, growth in customer deposits, introduction of new services, and entry into blockchain and crypto markets [9][10][11][12] - If SoFi meets these projections, its adjusted EBITDA could grow at a CAGR of 20% through 2035, potentially leading to an eightfold increase in stock price over the next decade [13]

Core Insights - PayPal Holdings, Inc. (NASDAQ:PYPL) shares experienced a decline of 13.35% over the past month following a previous gain of 1.76% in the month prior [1] Company Performance - The stock performance indicates significant volatility, with a notable drop in value after a modest increase [1]

Recent announcements by OpenAI – maker of ChatGPT – are set to transform the workings of the financial industry. Financial services providers, who thrive on helping customers improve their businesses, now have to deal with a new threat in the form of ChatGPT. The AI chatbot will soon help individuals and businesses get personalized answers related to tax, business, and cash flow management, among other things. This can easily be extended to finding suitable loans and mortgages with AI helping find the righ ...

Core Insights - MercadoLibre has consistently outperformed the market, particularly in Latin America, where it operates an e-commerce platform similar to Amazon [1] Group 1: Company Overview - MercadoLibre operates an e-commerce marketplace headquartered in Uruguay, serving 18 Latin American countries, with a membership program called Meli+ and a logistics network for quick deliveries [2] - The company has developed a digital payments app, MercadoPago, which has expanded into a significant fintech business, offering digital banking, credit cards, and other financial services [3] Group 2: Performance Metrics - Revenue increased by 49% year over year in the third quarter, with gross merchandise volume (GMV) up 35% and total payment volume (TPV) up 54% [4] - Unique active buyers rose by 26% to 76.8 million, and items sold increased by 39% in Q3, with items sold per unique buyer up by 11% [5] - Operating income grew from $557 million to $724 million in the quarter, generating $206 million in adjusted free cash flow [6] Group 3: Growth Opportunities - Latin America is underpenetrated in e-commerce, with only about 15% of retail occurring online, presenting significant long-term growth opportunities [7] - The fintech sector also shows potential due to a large underbanked population needing digital options, with MercadoLibre expanding its market by launching new products [8] Group 4: Valuation - MercadoLibre stock trades at 16 times trailing 12-month free cash flow, indicating it could be a valuable addition to a growth-centered portfolio [9]

India is preparing to launch ARC, a regulated rupee-backed stablecoin designed to work with its CBDC and curb reliance on USDT and USDC. | Credit: Getty Images. Key Takeaways India is preparing to launch ARC, a rupee-backed, fully regulated private stablecoin. ARC is designed to coexist with the RBI’s digital rupee (CBDC), not compete with it. The initiative aims to curb reliance on foreign stablecoins and keep liquidity onshore. The ARC rollout is expected as early as Q1 2026. After years of c ...