Washington D.C., July, 22nd, 2021- MercadoLibre joins the SME Finance Forum as the newest member of our global membership network. Our members are SME Financing experts from 80+ countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation.
“40 percent of small and medium businesses worldwide struggle to get access to the credit and capital that they need to grow their enterprises. We are delighted to welcome MercadoLibre to our network of over 220 member institutions who are working to eliminate the finance gap for SMEs,” said Matthew Gamser, CEO of the SME Finance Forum.
As the largest online commerce and payments ecosystem in Latin America, MercadoLibre’s main focus is to deliver compelling technological and commercial solutions that address the distinctive cultural and geographic challenges of operating these platforms in the region. To promote financial inclusion with new digital payment opportunities safely and simply, MercadoLibre facilitates access to tools and solutions for entrepreneurs to learn and grow in a new economy.
“Through our online commerce platform, payments and other related services, we provide our users with robust tools that not only contribute to the development of a large and growing digital community in Latin America, but also foster entrepreneurship and social mobility. We believe that joining SME Finance Forum will enable us to further enhance our services in the region,” said Facundo Jose Cuppi, COO of Mercado Crédito at MercadoLibre.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research, and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative.
To see all SME Finance Forum members, please visit: https://www.smefinanceforum.org/members/member-list
MercadoLibre, Inc (MELI). is the largest online commerce ecosystem in Latin America, presenting in 18 countries. Its platform is designed to provide users with a complete portfolio of services to facilitate commercial transactions both digitally and offline, including the Mercado Libre Marketplace, the Mercado Pago FinTech platform, the Mercado Envíos logistics service, the Mercado Libre Ads solution, the Mercado Libre Classifieds service, and the Mercado Shops online storefronts solution.
The company launched Mercado Crédito, its credit solution, in 2016 in Argentina and 2017 in Brazil and Mexico. Mercado Crédito leverages its user base, which is not only loyal and engaged, but has also been historically underserved or overlooked by financial institutions and suffers from a lack of access to needed credit.
Learn more about their initiatives in different countries at https://www.mercadolibre.com/