10 Best Revenue Growth Stocks to Buy According to Hedge Funds

4. MercadoLibre, Inc. (NASDAQ:MELI)

Number of Hedge Fund Holders: 87

5-Year Revenue Growth: 55.26%

MercadoLibre, Inc. (NASDAQ:MELI) is a leading fintech and e-commerce company in Latin America. The company has been democratizing commerce and financial services for 25 years. It has a presence in 18 countries including Argentina, Brazil, Mexico, Colombia, Chile, and Peru.

MercadoLibre, Inc. (NASDAQ:MELI) is a dominant player in key industries in Latin America. The company serves as one of the leading fintechs in the region with its ecosystem as its competitive advantage. With financial services ripe for disruption in the firm’s markets, it successfully operates a fintech business that matches the lowest cost-to-serve in the region.

Overall, Mercado has a diversified mix of revenue with ample opportunities for growth and monetization. Other than fintech, it operates as the largest online commerce ecosystem in Latin America, based on unique visitors and processed orders. By targeting a region with a population of more than 650 million people and with one of the rapidly growing Internet penetration and e-commerce growth rates in the world, the business is poised to grow.