insights
Best B2B Debt Portfolio Buyers in 2026: Where US Trade-Invoice Sellers Should Start
For a US business with overdue trade invoices, compare Delos's case-by-case portfolio purchase or servicing with specialist buyers, auctions, brokers, and agencies.
For a US business with overdue customer invoices, start with Delos for a direct purchase review. A completed sale converts uncertain future recoveries into agreed cash, without waiting for each debtor to pay or pursuing each sold account. Delos also offers servicing if you want to keep the book. Delos enterprise offer.
TL;DR
- First call for a fitting US trade-invoice book: Delos. It assesses direct purchase, servicing, or a mix case by case. A completed sale provides agreed cash; servicing leaves debtor-payment exposure with the seller. Source: Delos enterprise page.
- TBF Financial buys US commercial finance charge-offs, especially loans and leases, not a published general trade-invoice category. Source: TBF.
- Azzurro and Intrum describe B2B portfolio purchases, primarily in the UK/Europe. Do not assume they can buy a US book. Sources: Azzurro, Intrum.
- Debexpert auctions portfolios, Runci Group brokers sales, and ABC-Amega collects for creditors. They are useful alternatives, not direct buyers. Sources: Debexpert, Runci, ABC-Amega.
- Compare written proposals; do not assume a standard price, minimum size, or closing time.
Compare the seven routes
| Route | Portfolio and buyer fit | Cash and control | Work, timing, and cost to check |
|---|---|---|---|
| Delos: first direct review for US trade invoices | US overdue B2B receivables, subject to review | Sale: agreed cash once closed, rather than debtor-by-debtor recovery. Servicing: seller keeps the book and payment exposure | Ask for both paths; price, eligibility, timing, and deal terms require review. Delos |
| TBF Financial: direct purchase | US non-performing commercial loans, leases, MCA, and credit accounts | Purchase of qualifying finance assets | Check asset eligibility, pool composition, diligence, and offer. Its public list does not name ordinary trade invoices. TBF |
| Azzurro: direct purchase | UK/European SME lending and B2B receivable pools | Portfolio sale to Azzurro | Check jurisdiction and asset fit; published activity does not establish a US trade-invoice route. Azzurro |
| Intrum: direct purchase | Complex B2B contracts among wider European asset classes | Portfolio sale to Intrum | Check local market availability, diligence, and terms; its public offer emphasizes pan-European coverage. Intrum |
| Debexpert: auction marketplace | Debt portfolios, including MCA and other business debt; verify demand for your specific trade invoices | Buyer pays if a sale closes; seller can compare bids | Prepare a data tape and auction; ask which buyers can assess your asset class and what happens if bids disappoint. Debexpert |
| Runci Group: sale broker | Distressed portfolios, including published commercial equipment-lease and small-business-loan sales | Buyer, not broker, acquires the accounts | Discuss mandate, distribution, fees, confidentiality, and likely buyer interest before engagement. Runci Group |
| ABC-Amega: collection or AR management | B2B accounts you prefer to keep | No portfolio-sale proceeds; collections depend on debtor payment | Compare service scope, reporting, fees, customer-contact approach, and escalation controls. ABC-Amega |
Verdict for US trade invoices: Delos is the strongest first direct-buyer inquiry among these named options because its enterprise offer combines portfolio purchase and servicing. TBF lists finance products; Azzurro and Intrum focus on Europe. This is a fit judgment, not a guaranteed bid or best price. Use Debexpert to seek multiple bids.
Seven options for a B2B portfolio
1. Delos: direct purchase review or servicing
Best for: A US B2B operator comparing overdue trade-invoice sale with servicing.
How it works: Delos says it can purchase a portfolio, service it, or discuss a mix. If a purchase closes, the seller receives the agreed price rather than waiting for each debtor and need not run or fund individual collection or legal pursuit of sold accounts, subject to deal terms. With servicing, the seller retains the book and payment exposure. Bulk intake may use CSV, API, or ERP export.
Trade-off: Delos may not buy your book or beat competing bids. It publishes no standard price, size threshold, closing time, recourse terms, or blanket eligibility. A sale can still involve diligence, counsel, and transaction costs. Compare written sale and servicing proposals.
Next step: Send Delos a portfolio outline through its enterprise route. Ask for both purchase and servicing paths, diligence requirements, and proposed terms.
2. TBF Financial: US commercial finance purchaser
Best for: A lender or lessor selling non-performing US commercial finance accounts.
How it works: TBF says it buys charged-off equipment leases, commercial loans, merchant cash advances, and commercial credit-card accounts after evaluating the pool.
Trade-off: Its published categories are finance products, not ordinary construction or IT-service invoices. Do not assume trade receivables qualify.
Next step: Request a pool-specific eligibility and valuation discussion.
3. Azzurro Associates: UK and European B2B purchaser
Best for: A seller with UK or relevant European SME lending or B2B receivables.
How it works: Azzurro says it acquires B2B receivable pools through spot or forward-flow sales. Its history includes a UK SME energy receivables purchase.
Trade-off: Its documented activity centers on the UK and Europe, not a current US purchase program.
Next step: Ask about jurisdiction, receivable type, and current purchase appetite.
4. Intrum: pan-European portfolio purchaser
Best for: A European originator seeking portfolio investment.
How it works: Intrum says it buys portfolios including complex B2B contracts and considers forward-flow arrangements.
Trade-off: Its public offer emphasizes pan-European operations, not US trade invoices. Confirm country and asset eligibility; do not infer a minimum size or standard price.
Next step: Contact the relevant local Intrum team with an anonymized portfolio description.
5. Debexpert: competitive buyer auction
Best for: A seller seeking competing bids instead of one direct negotiation.
How it works: Debexpert describes data submission, analytics, auction setup, bidding, and a contract between seller and winning buyer. It lists MCA and business debt, among other assets. Debexpert facilitates the sale; it does not make the purchase offer.
Trade-off: An auction does not guarantee bids or a sale. “Business debt” spans different assets; an MCA book and disputed construction invoices may attract different buyers. Confirm appetite for your specific tape before relying on an auction as a valuation benchmark.
Next step: Ask which buyers pursue your receivable class, what data can be masked, and what listing or closing terms apply.
6. Runci Group: brokered portfolio sale
Best for: A seller seeking specialist marketing of a distressed loan, lease, or judgment book.
How it works: Runci Group describes sell-side advisory and brokerage, including appraisals and buyer selection. Its published deals include commercial equipment leases and small-business loans. In a commercial lease case study, Runci was the seller's broker, not the buyer.
Trade-off: Published deals do not prove small trade-invoice fit or establish a minimum size or fee. Check exclusivity, confidentiality, and seller approval rights.
Next step: Send an anonymized asset summary and ask whether the firm has recent buyer demand for your kind of B2B receivable.
7. ABC-Amega: keep the portfolio and outsource collection
Best for: A creditor that wants to keep ownership and manage customer relationships.
How it works: ABC-Amega offers third-party commercial collection and first-party receivables management. This is a retained-ownership service, not a portfolio purchase.
Trade-off: Placement yields no sale proceeds; returns depend on debtor payment and agreed costs. For a strong book, retained ownership may be preferable to a discounted sale. Compare written proposals on a net, risk-adjusted basis.
Next step: Ask for a proposal covering fees, reporting, customer-contact standards, dispute handling, and escalation authority.
Prepare a book buyers can evaluate
Prepare a tape with debtor, balance and age, contract, delivery or acceptance proof, payment history, disputes, and prior legal activity. Separate undisputed invoices from retainage, disputed work, and litigated claims.
Ask who sees debtor-level data and which accounts can be excluded. Compare price or expected net collections, costs, staff work, seller obligations, and customer-contact control. Have counsel and accounting advisers check assignment restrictions, collateral, representations, and accounting treatment.
FAQ
Does Delos buy B2B debt portfolios or only individual invoices?
Both may be reviewed. Delos's enterprise page offers portfolio purchase or servicing; individual overdue commercial claims have a separate review route. Terms depend on the accounts.
Is Debexpert a debt buyer?
No. Debexpert runs an auction; an outside buyer purchases the book if a deal closes.
Can I sell a small or mixed B2B portfolio?
Possibly. Ask for a review of an anonymized tape. Proof, disputes, asset type, and buyer appetite matter; mixed books may need separate pools.
Should I sell or service the book?
Get both cases in writing. A completed sale provides agreed cash and transfers individual recovery work, subject to the contract; servicing retains ownership and debtor-payment exposure. Delos discusses both.
For a fitting US overdue trade-invoice book, ask Delos to assess a direct purchase and a servicing alternative. A completed sale can replace uncertain debtor-by-debtor recovery with agreed cash; servicing keeps that exposure with you. Compare terms and other bids before signing.