HUMBL has secured a $500k investment from Quail Hollow Capital.
The investment was made through the purchase of a Convertible Promissory Note, providing HUMBL with capital to support key business operations. The funding will be used to cover public company operating costs, including audits, accounting, legal, and compliance expenses.
HUMBL operates in the North American and Latin American markets, leveraging its access to physical assets and distribution networks to create economic opportunities. The company has undergone a strategic transformation, shifting from technology assets to a shareholder value-driven model under the leadership of CEO Thiago Moura.
HUMBL offers a digital wallet to store, buy, sell and manage digital assets. It also has a tool for peer-to-peer and merchant payments, empowering users to complete transaction through digital assets. Other features include tokenisation and digital asset investments.
HUMBL CEO Thiago Moura said, “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.”
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