GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

NOTE 4: GOODWILL AND INTANGIBLE ASSETS

Goodwill

The carrying amount of goodwill for the period indicated was as follows:

(in thousands)	Carrying Amount
As of December 31, 2020	$	—
Additions due to business combinations	95,564
As of September 30, 2021	$	95,564

Substantially all of the additions related to the Say Technologies acquisition as disclosed in Note 3 and the remainder related to an immaterial business acquisition. There was no impairment of goodwill during the three and nine months ended September 30, 2021.

Intangible Assets

The components of intangible assets, net as of September 30, 2021 were as follows:

(in thousands, except years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life - Years
Finite-lived intangible assets
Developed technology	$	22,000	$	(964)	$	21,036	3
Customer relationships	12,000		(158)		11,842		10
Trade names	600		(26)		574		3
Domain names	163		(40)		123		12
Indefinite-lived intangible assets	1,652		—		1,652		N/A
Total	$	36,415	$	(1,188)	$	35,227

As of September 30, 2021, the estimated future amortization expense of finite-lived intangible assets was as follows:

(in thousands)	Intangible Assets
Remainder of 2021	$	2,210
2022	8,768
2023	8,768
2024	5,890
2025	1,199
Thereafter	6,740
Total	$	33,575

Amortization expense of intangible assets was not material for three and nine months ended September 30, 2020.

There was no impairment of intangible assets during the three and nine months ended September 30, 2020 and 2021.