Balance Sheet Components

3 Months Ended

Mar. 31, 2021

Other Assets

Other assets consisted of the following:


	December 31,		March 31
	2020		2021
Servicing fees and other receivables	$	11,656	$	18,134
Deposits	7,947		8,165
Prepaid expenses	6,009		14,203
Loan servicing assets (at fair value)	6,831		8,734
Other assets	7,603		2,701
Total other assets	$	40,046	$	51,937

Servicing fees and other receivables represent amounts recognized as revenue but not yet collected in relation to servicing and other agreements with institutional investors and bank partners.

Property, Equipment, and Software, Net

Property, equipment, and software, net consisted of the following:


	December 31,		March 31
	2020		2021
Internally developed software	$	7,906	$	8,362
Computer equipment	1,285		1,711
Furniture and fixtures	1,770		1,770
Leasehold improvements	2,763		2,763
Total property, equipment, and software	13,724		14,606
Accumulated depreciation and amortization	(3,692)		(4,508)
Total property, equipment, and software, net	$	10,032	$	10,098

For the three months ended March 31, 2020 and 2021, depreciation and amortization expense on property, equipment, and software was immaterial. Capitalized internally developed software balances, net of accumulated amortization, were $6.0 million as of both December 31, 2020 and March 31, 2021

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following:


	December 31,		March 31
	2020		2021
Accrued expenses	$	10,974	$	19,791
Accrued payroll	13,834		6,282


Loan servicing liabilities (at fair value)	8,254		10,853
Trailing fee liability (at fair value)	1,276		1,775

Other liabilities	1,331		4,168
Total accrued expenses and other liabilities	$	35,669	$	42,869