Revenue

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenue

The following table provides information about disaggregated revenue from Customers:

	Year Ended December 31,
	2021		2020		2019
Platform services revenue, net	$	502,296	$	283,305	$	138,106
Other services revenue	14,879		6,987		5,161
Total net revenue	$	517,175	$	290,292	$	143,267

Contract Balances

The following table provides information about contract assets and deferred revenue:

Contract balance	Balance sheet line reference	December 31, 2021		December 31, 2020
Contract assets - current	Prepaid expenses and other current assets	$	950	$	118
Contract assets - non-current	Other assets	927		294
Total contract assets		$	1,877	$	412
Deferred revenue - current	Accrued expenses and other current liabilities	$	19,060	$	3,983
Deferred revenue - non-current	Other liabilities	6,107		8,865
Total deferred revenue		$	25,167	$	12,848

Contract assets related to the Company’s conditional right to consideration for the Company’s completed performance under the contract. Deferred revenue relates to payments received in advance of performance under the contract.

Net revenue recognized during the years ended December 31, 2021 and 2020 that was included in the deferred revenue balances at the beginning of the respective periods was $4.1 million and $0.7 million, respectively.

Remaining Performance Obligations

The Company has performance obligations associated with commitments in Customer contracts for future stand-ready obligations to process transactions throughout the contractual term. Remaining performance obligations include related deferred revenue currently recorded and exclude contracts for which the Company recognizes revenue at the amount to which it has the right to invoice for services as performed. The amount and timing of revenue recognition is largely driven by the Customer’s utilization of the Company’s Platform services.

As of December 31, 2021 and 2020, $4.2 million and $4.4 million of the deferred revenue balance represent a material right for discounted revenue share rates provided to a Customer as part of a contractual renewal option.