Here's why MercadoLibre is a large-cap tech stock that should outpace Shopify in 2024 and beyond. The post 1 Tech Stock I’d Buy Before Shopify appeared first on The Motley Fool Canada.
MercadoLibre (MELI) concluded the recent trading session at $2,109.40, signifying a +0.32% move from its prior day's close.
Latin American e-commerce giant MercadoLibre announced on Wednesday that it signed a $250 million financing deal with JPMorgan aimed at expanding its fintech arm Mercado Pago's credit profile in Mexico. MercadoLibre said the financing deal will strengthen its commitment to Mexican small and medium-sized businesses, allowing the firm to reinvest and finance more businesses and individuals in the coming years. "This alliance not only confirms the trust of one of the world's major financial companies in what we do within MercadoLibre for the Latin American economy, but it allows us to reaffirm our commitment to the millions of people in Mexico who are seeking a boost to improve their financial life," said Facundo Cuppi, Mercado Pago's regional Director of Strategy and Operations.