Posted inArgentina, Brazil, Mexico, News

Mercado Libre and PayPal to join forces in Mexico and Brazil

Contxto – Each chose their own different platform, but the effect was the same. These simple actions both describe how a new alliance between Argentinian online commerce company, Mercado Libre, and PayPal will work, as well as how the announcement was made. First, the manner of the announcement: Made on the penultimate day of the […]

Posted inArgentina, Deals, e-commerce, News, Startups, Venture Capital

MercadoLibre raises US$750 million from Paypal, plans to grow in Mexico

Contxto – The Argentine e-commerce giant, MercadoLibre, recently launched a press release announcing the offering of US$1 billion of common stock. On top of that is the company’s 30-day option for initial underwriters to acquire an additional US$150 million of equity. Paypal has already signed up. Fresh capital Paypal has already announced its commitment to […]