We talk to MercadoLibre about squaring up to Amazon and the need for constant innovation.

In this episode, MercadoLibre’s chief financial officer, Pedro Arnt speaks to Scottish Mortgage’s deputy manager Lawrence Burns. The conversation covers the company’s early days, how it keeps Amazon at bay, and the firm’s role in shaping the future of the Americas.

Meaning ‘free market’, its online marketplace lets smaller businesses sell to the masses. In addition, the firm delivers reliable, low-cost financial services to all via mobile apps. That includes many who don’t have a separate bank account. In doing so, it allows millions of people to pay and be paid, to borrow, lend and invest. In a region often beset by political and economic turmoil, the firm has the potential to generate huge long-term value for society and its shareholders.

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MercadoLibre: the fintech liberating financial services and ecommerce

Why we own MercadoLibre

Credits:

• Presenter: Claire Shaw
• Audio production agency: Listen
• Producer: Phil Sansom
• Executive producer: Suzy Grant
• Production manager: Niamh Kidd
• Editorial lead: Malcolm Borthwick