E-commerce giant Mercado Libre will invest $3.6 billion in Brazil, with its fintech unit as one of the major growth drivers in Latin America.
Shares of the e-commerce giant jumped 8% on Nov. 4 following the release of third-quarter results on the back of a strong performance of its financial technology division, Mercado Pago.
Mercado Libre has seen great success in providing financing to millions of people who struggled to obtain it through traditional lenders.
Mercado Libre reported strong Q4 2022 results with their fintech division, Mercado Page, leading the way
Mercado Libre launched Mercado Coin, its first-ever token that will be initially available in Brazil as part of its loyalty program.
We have seen many companies in fintech branch out into adjacent areas of finance as they add product lines to...