RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | 17. RELATED PARTY TRANSACTIONS Revenue and Accounts receivable, net Certain of the Company’s directors, executive officers, and principal owners, including immediate family members, are users of the Company’s platform. The Company recognized revenue from related party customers of $1.6 million and $6.7 million during the three months ended June 30, 2025 and 2024, respectively, and $5.2 million and $13.6 million during the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025 and December 31, 2024, Accounts receivable, net from related party customers were $1.3 million and $2.7 million, respectively. Customer custodial funds and liabilities Customer custodial funds and Customer custodial fund liabilities for related parties were $5.1 million and $44.0 million as of June 30, 2025 and December 31, 2024, respectively. Other assets The Company made strategic investments of an aggregate of $4.7 million and $3.3 million during the three months ended June 30, 2025 and 2024, respectively, and $7.8 million and $3.3 million during the six months ended June 30, 2025 and 2024, respectively, in investees in which certain related parties of the Company held an interest over 10%. Expenses and Accounts payable There were immaterial amounts of professional and consulting services provided by entities affiliated with related parties during the three and six months ended June 30, 2025, compared to $0.3 million and $1.4 million, respectively, during the same periods in 2024. As of June 30, 2025 and December 31, 2024, there were no Accounts payable to related parties.
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