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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Loss for the year $ (5,631) $ (15,887) $ (37,509)
Adjustments required to reflect the cash flow from operating activities (see Appendix A) 48,533 24,685 9,962
Net cash provided by (used in) operating activities 42,902 8,798 (27,547)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capitalized development costs (21,893) (15,948) (13,706)
Acquisition of property and equipment (3,081) (611) (1,518)
Loans granted to related company (559) (1,432) 0
Increase in bank deposits (7,952) (2,154) (480)
Payments for acquisitions of subsidiaries, net of cash acquired (14,934) (18,329) 440
Payment of deferred consideration with respect to business combinations (555) 0 (4,500)
Interest received 3,108 1,683 76
Investments in financial assets (283) (195) (6,856)
Proceeds from sub-lessee 243 155 0
Net cash used in investing activities (45,906) (36,831) (26,544)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of ordinary shares 62,686 0 0
Interest paid (4,549) (2,651) (504)
Changes in short-term bank credit and short term loan (23,315) 39,135 5,874
Transactions with non-controlling interests 0 0 (186)
Receipt of long-term bank loans 22,835 0 0
Repayment of long-term bank loans (3,177) (998) (2,282)
Receipt of long-term loans from others 0 0 6,908
Repayment of long-term loans from others (3,837) (3,626) (2,577)
Repayment of other long-term liabilities (1,100) (304) (328)
Employee options exercised 3,956 2,177 1,152
Principal lease payments (2,655) (2,182) (1,851)
Net cash provided by financing activities 50,844 31,551 6,206
Increase (Decrease) in cash and cash equivalents 47,840 3,518 (47,885)
Balance of cash and cash equivalents at beginning of year 38,386 33,880 87,332
Gains (losses) from exchange differences on cash and cash equivalents (2,688) 906 (6,189)
Gains (losses) from translation of cash and cash equivalents of foreign activity (408) 82 622
Balance of cash and cash equivalents at end of year 83,130 38,386 33,880
Adjustments in respect of:      
Depreciation and amortization 21,370 12,505 9,028
Post-employment benefit obligations, net (17) 25 (107)
Deferred taxes (1,358) (294) (181)
Finance expenses, net 6,570 750 4,544
Expenses in respect of long-term employee benefits 634 237 245
Share of loss of equity method investee 1,270 1,555 1,794
Long-term deferred income 2,355 (85) (104)
Expenses in respect of share-based payment 7,187 6,027 8,747
Total adjustments 38,011 20,720 23,966
Changes in operating asset and liability items:      
Increase in restricted cash transferable to customers for processing activity (10,441) (15,739) (10,424)
Increase in receivables from processing activity (1,810) (17,880) (10,986)
Increase in trade receivables (10,683) (12,487) (8,272)
Increase in other current assets (892) (1,073) (936)
Decrease (increase) in inventory 2,069 3,239 (12,592)
Increase in payables in respect of processing activity 26,435 41,187 20,510
Increase in trade payables 3,361 1,189 4,519
Increase in other payables 2,483 5,529 4,177
Total changes in operating asset and liability items 10,522 3,965 (14,004)
Total adjustments required to reflect the cash flow from operating activities 48,533 24,685 9,962
Appendix B – Information regarding investing and financing activities not involving cash flows:      
Purchase of property and equipment on credit 152 97 215
Recognition of right-of-use assets through lease liabilities 1,653 338 2,048
Recognition of Sub lease asset 0 455 0
Share based payments costs attributed to development activities, capitalized as intangible assets $ 718 $ 825 $ 909