The number of accounts receivable purchased at Triumph Bancorp, as well the average invoice size, rose strongly in the fourth quarter of 2020 compared to both the prior quarter and the corresponding quarter of 2019.
Triumph, through conventional channels and through its TriumphPay division, is a major factoring company in the trucking industry.
In the fourth quarter of last year, Triumph purchased 1,189,271 invoices with a value of $2.46 billion. The average size of the invoice purchased was...