PHP Agency Inc. Receives Expansion Financing From Ambina Partners
DALLAS, TX and GREENWICH, CT - August 24, 2017
PHP Agency Inc., one of the fastest growing financial marketing organizations in the US, announced today that the company has closed a $10.0 million expansion financing round to accelerate growth and strategic expansion. The company was founded in 2009 to expand the availability of life insurance and annuities to the middle class and is licensed in 49 states. It has been profitable and fast growing since its inception, generating a trailing CAGR of nearly 50% and a current string of nine consecutive quarters of record revenue as of the time of this investment.
The round was led by Ambina Partners and Atalaya Capital Management, with participation from Brener International Group and retired boxer, successful promoter and entrepreneur Oscar De la Hoya.
Patrick Bet-David, Founder and CEO of PHP Agency Inc., said, "This round is more than a financial transaction. PHP has successfully secured new partners in Ambina Partners, Atalaya Capital Management, Brener International Group and Oscar De La Hoya that care about the clients and insurance agents in the Hispanic market segments PHP is serving. I am confident that this team will be instrumental in enabling PHP to build on the momentum that we have generated to date."
Greg Share, Ambina Partners' founder said, "After reviewing PHP's sustained growth, profitability and highly successful presence in the multi-cultural US middle class markets we came away impressed with PHP and the leadership and passion of Patrick Bet-David."See Full Press Release Here