Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
|||
| Income Statement [Abstract] | ||||||
| Net interest income on finance receivables | $ 2,293 | $ 1,654 | $ 5,716 | $ 3,617 | ||
| Membership subscription revenue | 8,347 | 8,435 | 23,709 | 22,778 | ||
| Affiliates income | 3,175 | 518 | 6,444 | 1,368 | ||
| Fee income | 30,402 | 12,471 | 79,659 | 28,924 | ||
| Other income | 3 | 39 | 21 | 174 | ||
| Total Revenues, net | 44,220 | 23,117 | 115,549 | 56,861 | ||
| Marketing | 13,531 | 2,921 | 27,060 | 7,404 | ||
| Provision for loss on receivables | 15,238 | 10,456 | 36,644 | 14,587 | ||
| Other direct costs | 1,828 | 1,183 | 6,983 | 3,137 | ||
| Interest expense | 1,627 | 865 | 4,947 | 2,316 | ||
| Personnel expenses | 15,483 | 4,672 | 30,736 | 15,704 | ||
| Underwriting expenses | 2,158 | 1,137 | 5,702 | 4,553 | ||
| Information technology expenses | 1,195 | 1,725 | 5,009 | 5,089 | ||
| Bank and payment processor fees | 6,770 | 3,697 | 18,526 | 8,987 | ||
| Change in fair value of warrant liability | 5,495 | (228) | 54,285 | (228) | ||
| Change in fair value of subordinated convertible notes | (7,684) | 41,877 | ||||
| Professional fees | 4,678 | 1,879 | 12,715 | 4,516 | ||
| Depreciation and amortization expense | 486 | 286 | 1,502 | 811 | ||
| Occupancy expense | (46) | 314 | 719 | 913 | ||
| Gain on foreign currency translation | (135) | (43) | (178) | (155) | ||
| Other operating (income) expenses | 8,242 | (257) | 6,221 | 393 | ||
| Total operating expenses | 68,866 | 28,607 | 252,748 | 68,027 | ||
| Net loss before income taxes | (24,646) | (5,490) | (137,199) | (11,166) | ||
| Income tax (benefit) expense | (1) | 41 | (13) | |||
| Net loss | (24,645) | (5,490) | (137,240) | (11,153) | ||
| Net income attributable to redeemable noncontrolling interests | (3,520) | (1,967) | (9,364) | (6,480) | ||
| Reversal of previously accrued / (accrued) dividends on redeemable convertible preferred stock | 52,466 | (4,387) | 42,728 | (12,817) | ||
| Net loss attributable to common shareholders | $ 24,301 | $ (11,844) | $ (103,876) | $ (30,450) | ||
| Net income (loss) per share, basic (in Dollars per share) | [1] | $ 0.39 | $ (0.26) | $ (1.96) | $ (0.67) | |
| Net income (loss) per share, diluted (in Dollars per share) | [1] | $ 0.13 | $ (0.26) | $ (1.96) | $ (0.67) | |
| Weighted average shares used in computing net loss per share, basic (in Shares) | [1] | 62,314,396 | 44,857,889 | 53,119,751 | 45,253,509 | |
| Weighted average shares used in computing net loss per share, diluted (in Shares) | [1] | 219,114,088 | 44,857,889 | 53,119,751 | 45,253,509 | |
| ||||||