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Mercado Libre is a prominent technology company based in Buenos Aires, Argentina, founded in 1999. It operates in 18 countries across Latin America and is publicly traded on NASDAQ under the ticker MELI. As the largest tech company by market capitalization in the region, valued at around $100 billion as of 2024, Mercado Libre aims to democratize commerce and financial services through technology and innovation. The company offers a wide range of services, including its core marketplace where millions buy and sell various goods. Mercado Pago, its fintech payment system, enhances secure online transactions, while Mercado Envíos provides logistics and shipping solutions, managing over 1 billion shipments. Additionally, Mercado Libre has expanded into classified portals and other digital services to support commerce and financial inclusion. With a focus on innovation and a commitment to diversity and inclusion, Mercado Libre serves a diverse customer base, including individual consumers and businesses, striving to bridge digital and financial divides in Latin America.
Nuvemshop is a prominent e-commerce platform in Latin America, founded in 2011 and headquartered in São Paulo, Brazil. With operations in Brazil, Argentina, Chile, Colombia, and Mexico, it serves over 90,000 active online stores and supports more than 120,000 entrepreneurs. The company has achieved significant growth, recently reaching a valuation of approximately US$3.1 billion after securing US$500 million in funding. The platform enables small and medium-sized businesses (SMBs) to create and manage their own branded online stores. It offers a range of services, including product listings, payments, shipping, inventory management, and marketing solutions. Nuvemshop supports multichannel sales, allowing merchants to sell through their websites, social media, marketplaces, and physical stores. The subscription-based model starts at around US$49.90 per month, with additional transaction fees. Nuvemshop collaborates with various partners to provide SMBs with access to advanced technology and resources, enhancing their ability to compete in the market.