MELI vs NU

MercadoLibre maintains its core strength as the dominant e-commerce and fintech ecosystem across Latin America, a market with substantial digitalization upside. The company's aggressive strategic investments ($14.3B for Brazil/Argentina in 2026) and continued robust top-line growth (Q4 2025 revenue +44.6% YoY) underscore its long-term vision and market leadership ambition. However, the path to 10x...

Nu Holdings (NU) maintains its high conviction rating, demonstrating continued strong execution and market leadership in Latin America's digital finance sector. Q4 2025 earnings significantly beat estimates with 62.5% YoY revenue growth and robust profitability, including an 18.19% net margin and 30.68% ROE. The company's strategic focus on financial inclusion, superior user experience, and expans...