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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 129,128 $ 21,595
Funds held in escrow, including funds in transit 98,186 87,195
Trade and client receivables – net of allowance of $2,832 and $1,577 as of December 31, 2018 and 2017, respectively 22,315 30,762
Prepaid expenses and other current assets 6,253 4,574
Total current assets 255,882 144,126
Property and equipment, net 10,815 3,514
Goodwill 118,219 118,219
Intangible assets, net 6,004 8,672
Other assets, noncurrent 653 658
Total assets 391,573 275,189
Current liabilities:    
Accounts payable 2,073 462
Escrow funds payable 98,186 87,195
Debt, current 5,671 10,342
Accrued expenses and other current liabilities 20,948 16,030
Deferred revenue 722 614
Total current liabilities 127,600 114,643
Debt, noncurrent 18,239 23,491
Other liabilities, noncurrent 1,989 1,936
Total liabilities 147,828 140,070
Commitments and contingencies (Note 5)
Redeemable convertible preferred stock, $0.0001 par value; 76,141,345 shares authorized as of December 31, 2017; 61,279,079 shares issued and outstanding as of December 31, 2017; aggregate liquidation preference of $120,047 as of December 31, 2017 0 166,486
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value; 490,000,000 and 150,000,000 shares authorized as of December 31, 2018 and 2017, respectively; 106,454,321 and 33,740,323 shares issued and outstanding as of December 31, 2018 and 2017, respectively 11 3
Additional paid-in capital 387,233 92,222
Accumulated deficit (143,499) (123,592)
Total stockholders’ equity (deficit) 243,745 (31,367)
Total liabilities, redeemable convertible preferred stock, and stockholders' equity (deficit) $ 391,573 $ 275,189