Daniel Mahncke and Shawn O’Malley take a deep dive into Mercado Libre, the dominant e-commerce and fintech platform in Latin America. What started as an eBay-like marketplace has evolved into a fully integrated ecosystem spanning online retail, logistics, digital payments, lending, and advertising, with leading positions across Brazil, Mexico, and Argentina.

IN THIS EPISODE, YOU’LL LEARN: 00:00:00 - Intro

00:10:28 - About Mercado Libre’s founding story

00:12:05 - How it won the e-commerce market

00:14:14 - How and why it built its logistics network

00:38:45 - What competitors are the biggest risk

00:46:51 - What flywheel is powering the business

01:00:50 - Why Mercado Pago is such a powerful business

01:07:59 - About Mercado Libre’s management and capital allocation

01:18:29 - Whether Shawn and Daniel add MELI to the portfolio

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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• Check out the McKinsey Report on Payments in Latin America.
• Explore our previous Intrinsic Value breakdowns: Uber, Nike, Reddit, Nintendo, Airbnb, AutoZone, Alphabet, Ulta, John Deere, Madison Square Garden Sports.
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