--- description: Find out why Mercado Libre was selected for the list title: TIME100 Most Influential Companies 2023: Mercado Libre image: https://static.time.com/v3/assets/bltea6093859af6183b/blt38ff097792f3b6cf/698a3dc6929fad1bddbf9e6a/time100-companies-Mercado-Libre-2023.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Jun 21, 2023 # Mercado Libre Financing e-commerce by [TIME Staff](/author/time-staff/) ## TIME Staff Update your preferences in [Account Settings](/account/preferences/) Close  Marcos Galperin, co-founder and CEO of Mercado Libre. Marcos Galperin, co-founder and CEO of Mercado Libre.Courtesy of Mercado Libre Argentine e-commerce giant Mercado Libre is giving Amazon a run for its money in Latin America. It had a record-breaking 2022, making more than $10 billion in revenue and $1 billion in operating profit, a 134% increase from the year prior. Its fintech offerings are its fastest-­growing segment, letting users send payments, apply for loans, withdraw cash, and more; for 40% of merchants who receive loans, Mercado Libre says it is the first institution to [offer them credit.](https://time.com/6256336/credit-card-debt-how-to-pay-off/ "undefined") “Latin America has huge gaps with other regions, particularly around financial inclusion,” Marcos Galperin, co-founder and CEO, told TIME in an email. “We address those gaps not just by offering good products and services, but by making it easy for consumers to use our technology.” _A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders._ [_Join the Leadership Brief_](https://cloud.newsletters.time.com/signup?nln=leadership&source=100companies "undefined"). Mercado Libre: 2023 TIME100 Most Influential Companies ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2023/6285124/mercado-libre-leaders/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2023/6285124/mercado-libre-leaders/"},"headline":"Mercado Libre","datePublished":"2023-06-21T10:55:40.000Z","dateModified":"2026-03-03T02:27:26.317Z","description":"","url":"https://time.com/collections/time100-companies-2023/6285124/mercado-libre-leaders/","keywords":["TIME100 Companies"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt38ff097792f3b6cf/698a3dc6929fad1bddbf9e6a/time100-companies-Mercado-Libre-2023.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"TIME Staff","jobTitle":null,"url":"https://time.com/author/time-staff/"}],"creator":"TIME Staff","articleSection":"","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt38ff097792f3b6cf/698a3dc6929fad1bddbf9e6a/time100-companies-Mercado-Libre-2023.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/collections/time100-companies-2023/6285124/mercado-libre-leaders/","name":"Mercado Libre"}}]}] ```