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Revenue Recognition
 3 Months Ended
Mar. 31, 2023
Revenue Recognition [Abstract]  
Revenue and Recognition

Note 2. Revenue and Recognition

The following tables present revenue disaggregated by geographical area and major solutions. The categorization of revenue by geographical location is determined based on the location of where the client resides.

 

Three Months Ended March 31,

 

(in thousands)

 

2023

 

 

2022

 

Primary geographical markets

 

 

 

 

 

 

Americas

 

$

60,165

 

 

$

48,714

 

EMEA

 

 

21,661

 

 

 

12,570

 

APAC

 

 

12,531

 

 

 

3,269

 

Total revenue

 

$

94,357

 

 

$

64,553

 

Major solutions

 

 

 

 

 

 

Transactions

 

$

76,302

 

 

$

48,687

 

Platform and usage-based fees

 

 

18,055

 

 

 

15,866

 

Total revenue

 

$

94,357

 

 

$

64,553

 

Contract Balances from Contracts with Clients

The following table provides information about accounts receivable, unbilled receivables and deferred revenue from contracts with clients (in thousands):

 

March 31,
2023

 

 

December 31,
2022

 

Accounts receivable, net of allowance

 

$

17,938

 

 

$

13,697

 

Unbilled receivables

 

 

4,021

 

 

 

5,268

 

Deferred revenue – current

 

 

3,755

 

 

 

5,223

 

Deferred revenue – non-current

 

 

73

 

 

 

131

 

 

For the three months ended March 31, 2023 and 2022, the Company recognized $2.2 million and $2.1 million in revenue from amounts that were included in deferred revenue as of December 31, 2022 and 2021, respectively.