TIME100 Most Influential Companies List Names MercadoLibre

MercadoLibre Inc. (NASDAQ:MELI) is one of the best NASDAQ growth stocks to buy for the next 3 years. On June 26, TIME released its annual TIME100 Most Influential Companies list, which recognises companies making an extraordinary global impact. Mercado Libre was named one of these influential companies, distinguished as the only Latin American company on the list and recognized as the dominant retailer in the Titan category.

Mercado Libre’s fintech arm, called Mercado Pago, processed ~$200 billion in payments in 2024 throughout Latin America, with over 60 million active monthly users using its banking application. This growth is tied to its mission of empowering small and medium-sized enterprises/SMEs. Notably, Mercado Pago extended credit to 22 million small businesses in Brazil alone last year. Across the entire region, Mercado Pago has granted a total of $24 billion in credit to SMEs and entrepreneurs.

The company began 2025 with a team of 84,000 people and plans to add ~28,000 new positions, projecting a total workforce of over 112,000 employees by the end of 2025. Nearly half of its workforce consists of women, and 93% of employees feel their managers are inclusive. Furthermore, Mercado Libre operates the region’s largest fleet of EVs. For 25 years, Mercado Libre has been a key driver of development in Latin America, serving as the main source of income for 1.8 million families.

MercadoLibre Inc. (NASDAQ:MELI) operates online commerce platforms in Brazil, Mexico, Argentina, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.