What would you do if you could rewind the clock 20 years and buy Amazon stock? I would guess just about everybody would buy it knowing what they do today -- and watch their investment gain more than 7,000%.

Since you can't turn back the clock, you might be interested in buying stock in a company that, in many ways, is quite similar to Amazon, but reporting even higher growth rates than Amazon did 20 years ago. (NASDAQ: MELI) stock has gained about 6,000% in its lifetime -- but you should still buy it. Here's why.

MercadoLibre operates an e-commerce platform in 18 Latin American countries that's similar to Amazon, and it also offers many fintech services that were developed as a way to help underbanked customers shop on its platform. Both of these segments have reliably reported high growth over the past few years despite changes in multiple economic variables.

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Source Fool.com