LatAm's Super App: MercadoLibre’s $29B revenue machine is still in the early innings 🤑📈; Card networks just picked a side on stables 💳🪙; Revolut built a trading desk with Claude in 30 minutes 😳🤖
FinTech is Eating the World, 5 March
Hey Everyone,
Good morning & happy Thursday! Today we’re diving deep into Latin America’s financial Super App MercadoLibre, and why this fintech giant is just getting started (breaking down their latest financials, understanding the bigger picture & why I’m bullish on MercadoLibre + bonus deep dive into Nubank & their latest financials inside), Visa & Mastercard, which both are going deeply into stablecoins now (what’s the strategy behind their latest announcments and what it tells us about the future + bonus list of all the stables resources inside), and Revolut that just built a trading desk with Claude AI in 30 minutes (why this changes the whole product strategy from now on, and what this means for the future of Finance & AI + a deep dive into how and why AI killed the UI, and how I built an AI OS to run a startup with Claude inside). Let’s jump straight into the game-changing stuff 🌶️
Latin America’s Financial Super App: MercadoLibre’s $29B revenue machine is still in the early innings 🤑📈
Following the money 💸 MercadoLibre MELI 0.00%↑ runs a self-reinforcing flywheel across e-commerce, fintech, logistics, advertising, and credit in a region where online retail penetration sits at roughly 12-15%, compared to 27% in the US and 35%+ in China.
After analyzing their latest financials, a high-conviction view couldn’t be clearer: MercadoLibre is a generational compounder trading at a discount to intrinsic value, with the stock at 0.81x a $2,190 fair value estimate.
The near-term margin compression that spooked the market is precisely the kind of disciplined, return-accretive reinvestment you want from an exemplary management team.
Let’s dive deep into their latest financials, break down the most important financial fact & figures, and see why you should be bullish on MELI 0.00%↑.
