v3.25.1
Brazilian accounts receivable securitization program (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The following table summarizes the collateralized debt as of December 31, 2024:

SPVCollateralized debtInterest rateCurrencyMaturity
Koin K-FIDC - Current$5,919 
CDI +5.25% (*)
Brazilian ReaisRevolving
Total$5,919 

(*) As of December 31, 2024, CDI equals 12.15%

The assets and liabilities of the SPV included in our consolidated financial statements as of December 31, 2024 and 2023 are as follows:


K-FIDC:

As of December 31,
2024
As of December 31,
2023
Restricted cash and cash equivalents$2,937 $4,108 
Loans receivable10,185 10,702 
Allowance for credit losses(3,887)(1,718)
Other receivables and prepaid expenses1,583 749 
Total current assets10,818 13,841 
Total assets$10,818 $13,841 
As of December 31,
2024
As of December 31,
2023
Accounts payable$14 $15 
Collateralized debt5,919 7,533 
Total current liabilities$5,933 $7,548 
Total liabilities$5,933 $7,548