FinTech giant Wise is a trillion-dollar money mover in the making 😳💸; Mercado Libre’s Q3 2024: Latin America's e-commerce giant is trading growth for margins 📈🛍️

FinTech is Eating the World, 6 November

Hey Everyone,

Good morning & happy Thursday! Today’s issue is especially interesting as we’re looking at FinTech giant Wise, which now is clearly a trillion-dollar money mover in the making (unpacking the most important H1 FY25 numbers, what they mean & what’s next for Wise), and Mercado Libre, Latin America's e-commerce & FinTech giant that’s currently trading growth for margins (breaking down their Q3 2024 financials, what they mean, why I’m bullish on MELI 0.00%↑ & why you should be too). So let’s just jump straight into the fascinating stuff 🌶️

FinTech giant Wise is a trillion-dollar money mover in the making 😳💸

Following the money 🤑 British FinTech giant Wise just posted its financials for the first half of its 2025 fiscal year. Results were better than expected, hence, no surprise that shares of Wise surged as much as 8% shortly after the London market opened Wednesday, adding to gains from Tuesday on a partnership with Standard Chartered to power the bank’s cross-border payments offering for retail customers.

In short, the company's exceptional execution and massive addressable market are truly impressive, though current valuation metrics warrant careful consideration.

Let's take a closer look at this, unpack the most important numbers, and see what’s up next for Wise.