HUMBL
Holding company focused on undervalued assets in Latin America.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | $20.0m | Post IPO Equity | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | 11 % | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | (953 %) | (921 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | (1984 %) | (1754 %) | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | - | - | 85 % | 85 % | - | - |
Source: Company filings or news article
HUMBL, Inc. has transitioned from a Web3 digital commerce company to a holding company with a strategic focus on acquiring undervalued assets and businesses, particularly in Brazil and Latin America. The company was founded by Brian Foote and is headquartered in San Diego, California. Foote has a background in consumer technology, having worked at companies like Epson America Inc. before founding HUMBL.
Originally, HUMBL aimed to connect consumers and merchants through a suite of digital products, including the HUMBL Pay mobile wallet for borderless transactions, HUMBL Marketplace for online commerce, and HUMBL Financial for digital asset investing. The platform intended to integrate multiple currencies, payment methods, and blockchain technologies into a single user experience. The company also explored non-fungible tokens (NFTs) through its HUMBL NFT Gallery.
Following a significant strategic pivot, HUMBL sold its digital commerce assets and is now positioned as a holding company. A key acquisition in this new strategy is a 99% interest in FinCapital, a Brazilian entity holding substantial magnesium silicate deposits, diversifying HUMBL's portfolio into industrial raw materials. The company has also entered into a joint venture with Multicortex, LLC to focus on artificial intelligence. This shift moves HUMBL away from its digital service offerings to a model centered on its subsidiaries and mineral resource assets. The company now operates through two main divisions: Consumer and Commercial, with its core services being a digital wallet and a web platform that utilizes verified profiles to connect users, businesses, and governments.
Keywords: holding company, Latin America investment, undervalued assets, mineral resources, magnesium silicate, digital wallet, strategic pivot, asset acquisition, Brazilian market, commercial services, consumer platform, AI joint venture, Brian Foote, FinCapital, Multicortex LLC