Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of reconciliation of cash, cash equivalents, and restricted cash

	December 31,
	2022		2023		2024
Cash and cash equivalents	$	165,033	$	200,081	$	254,620
Cash and cash equivalents included in funds receivable	$	46,302	$	68,334	$	76,881
Restricted cash included in other assets	$	187	$	182	$	181
Total cash, cash equivalents, and restricted cash	$	211,522	$	268,597	$	331,682

Schedule effect of foreign currency contracts designated as cash flow hedge on the consolidated statements of operations

	Year Ended December 31,
	2024
Cost of revenue	$	46
Research and development		156
Sales and marketing		22
General and administrative		55
Total profit	$	279

Schedule of accumulated other comprehensive income

	Unrealized gain (loss) on marketable securities			Unrealized gain on Hedging transactions
Beginning balance as of January 1, 2022	$	(159	)	$	-
Net current period other comprehensive loss		(1,840	)		-
Reclassification adjustments for losses included in net income		73			-
Balance as of December 31, 2022		(1,926	)		-
Other comprehensive income (loss) before reclassifications		475			-
Net realized gains (loss) reclassified from OCI		31			-
Net current period other comprehensive income		506			-
Balance as of December 31, 2023		(1,420	)		-
Other comprehensive income before reclassifications		197			1,728
Net realized loss (gains) reclassified from OCI		289			(279	)
Net current period other comprehensive income		486			1,449
Balance as of December 31, 2024	$	(934	)	$	1,449

Schedule of estimated useful lives of property plant and equipment

Computer and software	3 years
Furniture and office equipment	3 – 7 years
Leasehold improvements	Shorter of remaining lease
	term or estimated useful life

Schedule of estimated useful lives intangible assets

	Years
Technology	2-7
Partnership Agreement	6
Customer Relationships	1-5
Trademark	2
Marketing Asset	5
GTS Duty Calculator	9

Schedule of revenue by category

	Year Ended December 31,
	2022					2023					2024
	Amount		Percentage of Revenue			Amount		Percentage of Revenue			Amount		Percentage of Revenue
	(in thousands, except percentages)
Service fees	$	181,887		44	%	$	262,255		46	%	$	350,311		47	%
Fulfillment services		227,162		56	%		307,692		54	%		402,453		53	%

Total revenue $ 409,049 100 % $ 569,946 100 % $ 752,764 100 %

	Year Ended December 31,
	2022					2023					2024
	Amount		Percentage of Revenue			Amount		Percentage of Revenue			Amount		Percentage of Revenue
	(in thousands, except percentages)
United States	$	173,967		43	%	$	285,619		50	%	$	399,596		53	%
United Kingdom		146,562		36	%		173,584		30	%		182,904		24	%
European Union		78,491		19	%		92,566		16	%		125,547		17	%
Israel		1,357		*	)		1,806		*	)		2,746		*	)
Other		8,672		2	%		16,371		3	%		41,971		6	%

Total revenue           $ 409,049 100 % $ 569,946 100 % $ 752,764 100 %

*) Less than 1%

Schedule of deferred contract acquisition costs

Cost to obtain a contract:

	Year Ended December 31,
	2022			2023			2024
	(in thousands)
Beginning balance	$	1,801		$	2,562		$	3,157
Additions to deferred contract acquisition costs		1,378			1,463			2,010
Amortization of deferred contract acquisition costs		(617	)		(868	)		(1,134	)
Ending balance	$	2,562		$	3,157		$	4,033
Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	$	737		$	970		$	1,280
Deferred contract acquisition costs, noncurrent		1,825			2,187			2,753
Total deferred contract acquisition costs	$	2,562		$	3,157		$	4,033

Cost to fulfill a contract:

	Year Ended December 31,
	2023			2024
	(in thousands)
Beginning balance	$	-		$	613
Additions to deferred contract acquisition costs		659			956
Amortization of deferred contract acquisition costs		(46	)		(212	)
Ending balance	$	613		$	1,357
Deferred contract acquisition costs (to be recognized in next 12 months included in other current assets)	$	133		$	323
Deferred contract acquisition costs, noncurrent		481			1,034
Total deferred contract acquisition costs	$	613		$	1,357

Schedule of revenue by geographical region

	December 31,
	2022			2023			2024
	(in thousands)
Revenue	$	409,049		$	569,946		$	752,764
Less:
Compensation expenses (1)		(99,578	)		(104,231	)		(116,316	)
Other segment items (2)		(504,876	)		(599,520	)		(711,996	)
Net loss	$	(195,405	)	$	(133,805	)	$	(75,548	)

(1) Compensation expenses includes employee salaries and commissions, payroll taxes, benefits, outsourced labor costs, excluding share-based compensation expenses.

(2) Other segment items include acquisition-related costs, amortization of intangibles, depreciation of property and equipment, share-based compensation expenses, fulfilment costs, clearing and chargeback costs, hosting costs, marketing expenses, professional service fees, referral expenses, software and subscription costs, other overhead expenses, interest and other income, net, and income tax expenses.

Schedule of property and equipment, net by geographical region

	December 31,
	2022		2023		2024
	(in thousands)
Israel	$	22,823	$	23,113	$	23,314
United Kingdom		3,279		2,799		3,964
United States		3,828		7,265		6,379
Rest of world		71		111		1,212
Total assets, net	$	30,001	$	33,288	$	34,869