💨 Abstract

Argentina's MercadoLibre, the Amazon.com of Latin America, is expanding its fintech business, offering credit to small businesses and consumers. The company uses data from its platform to approve loans instantly, boosting sales for businesses like Wagner Dias' children's clothes business in Sao Paulo. The fintech sector is becoming increasingly competitive, but MercadoLibre's strong growth is attracting investors.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖