We came across a bullish thesis on Joint Stock Company Kaspi.kz on Bullseye Investing’s Substack. In this article, we will summarize the bulls’ thesis on KSPI. Joint Stock Company Kaspi.kz's share was trading at $73.72 as of October 10th. KSPI’s trailing P/E was 7.66 according to Yahoo Finance. Is Kaspi.kz (KSPI) the Best Young Stock To Buy and Hold For 10 Years? Kaspi.kz (NASDAQ: KSPI) is a leading fintech company in Kazakhstan, operating a widely adopted Super App through its Kaspi.kz consumer platform ...

Global fintech Acrisure has completed its previously announced acquisition of Heartland Payroll from Global Payments, Inc. for $1.1 billion.Heartland Payroll is considered one of the largest payroll and human capital management (HCM) companies in the United States.The acquisition, first announced in May 2025, will bring Heartland Payroll’s 50,000+ clients under the Acrisure umbrella and significantly expand the company’s current payroll and HCM capabilities.“This transaction is more than an acquisition of a ...

Question-and-Answer SessionGood morning. So Martin, thanks for being here again. I started with a similar question last year where I asked you about the unlock of the value of the ecosystem across fintech and e-commerce. And when you look at the progress that you've made in the year-to-date, it feels like there's been some really important initiatives. Can you talk a little bit about the initiatives between Pago and the marketplace and the results you've driven so far?Martin de Los SantosEVP & CFO Yes, defi ...

Core Insights - MercadoLibre (MELI) has established itself as the leading fintech acquiring engine in Latin America by focusing on small and informal sellers rather than large retailers [1][2] Group 1: Business Growth and Performance - MELI's Acquiring Total Payment Volume (TPV) reached $40.3 billion in Q1 2025, reflecting a 59% year-over-year FX-neutral growth [2] - Mexico and Brazil have experienced nine consecutive quarters of double-digit TPV growth, while Argentina's TPV surged 144% year-over-year, FX-neutral [2][4] - The Zacks Consensus Estimate for Q2 2025 total TPV is approximately $64 billion [4] Group 2: Competitive Landscape - MELI faces competition from StoneCo (STNE) and DLocal (DLO), both of which are expanding in key Latin American markets [5][6] - StoneCo processed R$133.5 billion ($24.7 billion) in TPV in Q1 2025, with a client base of 4.4 million [5] - DLocal achieved $8.1 billion in TPV in Q1 2025, marking a 53% year-over-year increase [6] Group 3: Strategic Focus and Future Outlook - MELI is concentrating on serving small and medium-sized businesses while enhancing support for micro-sellers [3] - The company is improving recurring payment features, adding point-of-sale devices, and providing business tools for inventory and billing [3] - By integrating credit, banking, payments, and software, MELI aims to facilitate digital participation for more individuals and businesses [4] Group 4: Stock Performance and Valuation - MELI shares have increased by 41.2% year-to-date, outperforming the Zacks Internet – Commerce industry and the Zacks Retail-Wholesale sector [7] - The stock is currently trading at a forward 12-month Price/Sales ratio of 3.90X, compared to the industry's 2.17X [11] - The Zacks Consensus Estimate for Q2 2025 earnings is $12.01 per share, indicating a 14.60% year-over-year growth [15]

Group 1 - The core growth of MercadoLibre is driven by the expansion of its marketplace and the consolidation of its fintech ecosystem, particularly through Mercado Pago, which has evolved from a payments platform [1] Group 2 - Mercado Pago plays a significant role in the company's overall strategy, indicating a strong integration of financial technology within its business model [1]