MercadoLibre's Fintech Revenue Grows 54% YoY to $14B

MercadoLibre reported $14 billion in fintech revenue for the last 12 months, a 54% year-over-year increase. The company has 83 million active fintech users and operates as a dominant e-commerce and financial technology platform in Latin America. Its revenue exceeds Amazon's Latin American e-commerce segment despite smaller regional market size.