Security First International Holdings, Inc. Set to Offer Proof of Funds to the Hemp Industry
August 24, 2018 at 06:43 am EDT
Security First International Holdings, Inc. announced the launch of proofup.io an online proof of funds (POF) issuance platform for hemp supply brokers and intermediaries. Proof of funds (POF) refers to a document that demonstrates a person or entity has the ability and funds available for a specific transaction. Proof of funds usually comes in the form of a bank, security or custody statement. The platform provides customers with access to proof of funds letters for use in large hemp biomass and cannabidiol transactions. Hemp-derived cannabidiol (CBD) is projected to be a billion-dollar market in just three years. Hemp CBD sales has already hit 170 million and with a 55% compound annual growth rate. Customers can lease up to 1 million dollars in proof of funds and have letters delivered within 24 hours. All letters are delivered through secure email and self-destruct after the letters expiration date.