Technology and Development Expenses (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Of Attribution Of Expenses By Nature To Their Function [Line Items]

Summary of Technology and Development Expenses

Technology and development expenses consist of the following:


	2024		2023		2022
Salaries and wages (i)		12,626		5,805		2,969
Software licenses (ii)		5,723		3,213		1,294
Infrastructure expenses (iii)		4,871		2,279		1,496
Information and technology security expenses (iv)		336		442		298
Other technology expenses		2,069		911		291
Total		25,625		12,650		6,348

(i)

Consists primarily of full-time equivalents (“FTE”)’ compensation related to product and technology development, excluding capitalized salaries and wages related to internally generated software. For further detail on total salaries and wages refer to Note 9: Employee Benefits.

(ii)

Consists of software licenses used exclusively by the technology development department for the development of the platform.

(iii)

Represents information technology costs to support the Group’s infrastructure and back-office operations.

(iv)

Represents expenses incurred to monitor the security of our network and platform.