5 Most Promising Fintech Stocks to Buy Now

4. MercadoLibre, Inc. (NASDAQ:MELI)

Number of Hedge Fund Holders: 102

MercadoLibre, Inc. (NASDAQ:MELI) is one of the most promising fintech stocks to buy now. On July 8, Citi maintained its Hold rating on MercadoLibre, Inc. (NASDAQ:MELI) with a price target of $1,950 on the stock.

The research firm noted that MercadoLibre, Inc. (NASDAQ:MELI) continues to deliver solid credit performance, with no signs of weakening. In its Q1 2026 results, the company said its fintech business remained strong. Monthly active users (MAUs) climbed 29% year-over-year to reach 83 million. MercadoLibre, Inc. (NASDAQ:MELI) added nearly 20 million users in one year. The company also said that growth accelerated in both Brazil and Mexico, while new customers are showing the highest levels of retention and engagement the company has seen.

Assets under management (AUM) reached nearly $20 billion, up 77% year-over-year. The company said this growth was more than double the pace of MAU growth, showing that users are keeping more of their money in Mercado Pago. According to MercadoLibre, Inc. (NASDAQ:MELI), customers are attracted by deposit returns that are difficult for incumbent banks to match.

The company also said the expansion of its credit portfolio reflects higher user engagement and the company’s ability to monetize its cross-sell of fintech services. MercadoLibre, Inc. (NASDAQ:MELI) credit portfolio grew 87% year-over-year to $14.6 billion in the first quarter of 2026, marking the largest quarterly increase in nominal terms.

MercadoLibre, Inc. (NASDAQ:MELI) is the leading e-commerce and financial technology company in Latin America with a presence in 18 countries.