About Mercado Pago
Mercado Pago is a company based in Buenos Aires (Argentina) founded in 2003 by Marcos Galperin.. Mercado Pago has raised $233 million across 3 funding rounds from investors including Citi, Goldman Sachs and J P Morgan. Mercado Pago offers products and services including Digital Account, Payment Processing, Prepaid Card, Sales with QR, and Transfers Service. Mercado Pago operates in a competitive market with competitors including MoneyGram, CarePay, Moni, Vibrant and Personal Pay, among others.
- Headquarter Buenos Aires, Argentina
- Founders Marcos Galperin
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mercadolibre S.R.L.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$233 M (USD)
in 3 rounds
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Latest Funding Round
$250 M (USD), Debt – Conventional
Sep 18, 2024
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Investors
Citi
& 2 more
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Employee Count
Employee Count
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Products & Services of Mercado Pago
Mercado Pago offers a comprehensive portfolio of products and services, including Digital Account, Payment Processing, Prepaid Card, Sales with QR, and Transfers Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for managing online finances and transfers
Platform for handling buyer and seller transactions
Card for withdrawals and payments
Method for accepting payments via QR codes
System for sending and receiving money online
Funding Insights of Mercado Pago
Mercado Pago has successfully raised a total of $233M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $250 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $250.0M
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First Round
First Round
(11 Jul 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Debt – Conventional - Mercado Pago | Valuation |
investors |
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| Nov, 2023 | Amount | Debt – Conventional - Mercado Pago | Valuation |
investors |
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| Jul, 2022 | Amount | Series D - Mercado Pago | Valuation | Goldman Sachs |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mercado Pago
Mercado Pago has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Citi, Goldman Sachs and J P Morgan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Comprehensive financial services are provided to corporations and individuals.
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Founded Year | Domain | Location | |
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Diversified financial services are offered through commercial banking operations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mercado Pago
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mercado Pago
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mercado Pago Comparisons
Competitors of Mercado Pago
Mercado Pago operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, CarePay, Moni, Vibrant and Personal Pay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
Bill payments are enabled via mobile platform for unbanked users.
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| domain | founded_year | HQ Location |
Unified payment solutions are provided for in-store and online transactions by Vibrant.
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| domain | founded_year | HQ Location |
Serves as a virtual wallet for efficient money management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mercado Pago
Frequently Asked Questions about Mercado Pago
When was Mercado Pago founded?
Mercado Pago was founded in 2003 and raised its 1st funding round 19 years after it was founded.
Where is Mercado Pago located?
Mercado Pago is headquartered in Buenos Aires, Argentina.
Is Mercado Pago a funded company?
Mercado Pago is a funded company, having raised a total of $233M across 3 funding rounds to date. The company's 1st funding round was a Series D of $233M, raised on Jul 11, 2022.
What does Mercado Pago do?
Mercado Pago was established in 2003 in Buenos Aires, Argentina, within the fintech sector. A mobile application, accessible on iOS and Android platforms, serves as a digital wallet for various transactions. Services encompass bill payments, money transfers, online and in-store purchases, as well as QR code-based methods, all processed through credit or debit cards. Businesses are supported in receiving payments through this platform, primarily operating in Latin American markets.
Who are the top competitors of Mercado Pago?
What products or services does Mercado Pago offer?
Mercado Pago offers Digital Account, Payment Processing, Prepaid Card, Sales with QR, and Transfers Service.
Who are Mercado Pago's investors?
Mercado Pago has 3 investors. Key investors include Citi, Goldman Sachs, and J P Morgan.
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