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MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. Read More The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina.
Buenos Aires, Buenos Aires
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The Motley FoolMar 23
3 Top Fintech Stocks to Buy in March
Most financial businesses make their money by taking risks. Banks do it by making loans, insurers do it by underwriting risk for their insureds. In contrast, fintechs merely provide the plumbing for the financial world, selling software and services that generate recurring fee and subscription income. As a result, fintechs can grow much faster than traditional financial companies, as they don't have to risk a dollar to make pennies, or keep billions of dollars on their balance sheets to insulate investors ...
The Motley FoolMar 20
2 Fintech Stocks on Our Radar Now
Each week, Industry Focus: Financials host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss the stocks that they're keeping an eye on. This week, Frankel is watching Fidelity National Information Services (NYSE:FIS) after its game-changing announcement that it plans to acquire leading payment-processing company Worldpay. Moser, on the other hand, has his eye on PayPal (NASDAQ:PYPL) after the fintech giant's recent investment in MercadoLibre (NASDAQ:MELI). A full transcript follows the video....
Wall Street JournalMar 19
Argentinian Company Wants to Build the Amazon of Latin America
MercadoLibre Inc. is attempting to become the Amazon.com Inc. of Latin America, but first it will need to keep the e-commerce giant at bay. And that will come at a cost. The Buenos Aires-based company is investing heavily in logistics and payments infrastructure to deliver packages quickly and reliably in a growing e-commerce market where many customers lack bank accounts or credit cards, and have yet to be convinced that online transactions can be secure. Expenses linked to running the business have more...
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