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Stock impact report

This Fintech Is Just Getting Started [The Motley Fool]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: The Motley Fool
Investors love it when companies can execute a successful second act, another business beyond its core that enables it to grow even more.MercadoLibre(NASDAQ:MELIFool Liverecorded on June Brian Withers:One of the things I'm really excited about for MercadoLibre, I'm not going to talk about the e-commerce business at all for the next few minutes, I'm going to talk about its fintech business. Over the last four quarters, over the last months, TTM is trailing months. It's produced $.6 billion in fintech revenue. Look at these growth rates, this is the currency-neutral growth rates. [The] last three quarters have been triple-digits. [laughs] The two quarters before that, it was 8 and 86. To produce 7% growth on top of an 8% growth, this business is firing on all cylinders. Let me talk about why.MercadoLibre is the first mover and leader in the Latin American market. There's 8 countries that they serve, three countries make up most of its revenue: Brazil, Argentina, and Mexico. But look at Show less Read more
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