MercadoLibre: Ecommerce Is Booming And Fintech Is Thriving
Summary
- MercadoLibre has been dubbed the "Amazon of Latin America" due to its leading e-commerce business which has reported an acceleration in its gross merchandise volume growth to 43% YoY in Q123.
- Its Fintech segment also offers a huge opportunity, as 70% of Latin America's population is unbanked or underbanked.
- MercadoLibre reported solid financial results in Q123 as it beat both its revenue and earnings growth estimates.
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