v3.26.1
Funding Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule Third Party Loans
Funding Debt as of March 31, 2026 (in thousands):

Loan(1)
Loan DateMaturity DatePrincipal Outstanding
Interest Rate
Interest Expense
Interest Payable(2)
Ripple7/11/202511/15/2027$140,030 7.0%$2,495 $427 
__________________
(1) As of March 31, 2026, the Company has pledged credit receivables included in Credit card receivables pledged on the condensed consolidated balance sheets. Total collateral associated with these loans as of March 31, 2026 was approximately $184.0 million.
(2) Outstanding interest balances payable for the securitized debt are included in Funding debt on the condensed consolidated balance sheets as of March 31, 2026.

Funding Debt as of December 31, 2025 (in thousands):

Loan(1)
Loan DateMaturity DatePrincipal Outstanding
Interest Rate(2)
Interest Expense
Interest Payable(3)
Ripple7/11/202511/15/2027$154,120 7.0%$1,477 $254 
__________________
(1) As of December 31, 2025, the Company has pledged credit card receivables included in Credit card receivables pledged on the condensed consolidated balance sheets. Total collateral associated with these loans as of December 31, 2025 was approximately $188.8 million.
(2) On December 26, 2025, the interest rate was increased from 6.5% to 7.0%.
(3) Outstanding interest balances payable for the securitized debt are included in Funding debt on the condensed consolidated balance sheets as of December 31, 2025.