Compass Receivables Fund SPE is a Bulgaria-based special purpose investment company specializing in the securitization, acquisition, and management of receivables portfolios. Headquartered in Sofia, Bulgaria, the company invests capital raised through the issuance of securities into diversified debt assets, operating primarily across the Bulgarian domestic market and the broader Southeastern European region. The company operates through two core business segments: Receivables Securitization and Credit Portfolio Management. Its primary products and services include the direct acquisition and servicing of performing, underperforming, and non-performing loan (NPL) portfolios; purchasing commercial trade receivables, supplier claims, and promissory notes; factoring and reverse factoring asset management; consumer credit pool securitization; mortgage and collateralized debt administration; and comprehensive debt collection, legal enforcement, and recovery management. In addition, the fund structures asset-backed securities and debt instruments tailored for institutional and private qualified investors seeking fixed-income yields linked to credit recovery cash flows. In recent developments, Compass Receivables Fund SPE has expanded its operational footprint through the acquisition of distressed retail and commercial credit portfolios from regional financial institutions, while establishing strategic partnerships with third-party debt collection agencies to accelerate recovery cycles. The company has also modernized its portfolio monitoring infrastructure by integrating automated credit evaluation and scoring tools, completed structured debt refinancing initiatives on the Bulgarian Stock Exchange, and expanded its underwriting criteria to include municipal and utility receivable tranches.