HUMBL Secures $500K Funding to Boost Expansion in North and Latin America

HUMBL Secures $500K Funding to Boost Expansion in North and Latin America

HUMBL has recently announced a significant financial boost with a $500,000 investment from Quail Hollow Capital. This strategic funding was facilitated through the acquisition of a Convertible Promissory Note, providing HUMBL with essential capital to enhance its business operations. The investment will primarily address important public company expenses, which include audits, accounting, legal services, and compliance costs.

Funding Details and Strategic Use

The recent funding from Quail Hollow Capital will enable HUMBL to:

  • Cover operational costs associated with being a public company.
  • Facilitate audits and ensure compliance with legal standards.
  • Enhance accounting practices and financial reporting.

HUMBL’s Market Operations

HUMBL operates in both North American and Latin American markets, utilizing its access to physical assets and distribution networks to create economic opportunities. The company has undergone a strategic transformation under the leadership of CEO Thiago Moura, shifting focus from technology assets to a model that prioritizes shareholder value.

Digital Wallet and Payment Solutions

HUMBL offers a comprehensive digital wallet that allows users to:

  • Store, buy, and sell digital assets.
  • Manage peer-to-peer and merchant payments.
  • Invest in digital assets and enjoy tokenization features.

CEO’s Vision for Growth

In a statement regarding the investment, CEO Thiago Moura emphasized the importance of Quail Hollow’s support. He stated, “Quail Hollow’s investment will support critical public company operating costs, including audits, accounting, legal, and compliance. Additionally, this capital allows for strategic growth and sales expansion between our North American and Latin American operations.”

For more insights into HUMBL’s operations and future plans, visit their official website. You can also check out related news on Business Insider.

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