Strong Financial Performance
Adjusted EBITDA reached $86 million, up 75% year-over-year, with an EBITDA margin of 55%. Net income was nearly $90 million, more than triple last year's quarter.
Record Consumer Loan Marketplace Volume
Total consumer loan marketplace volume reached almost $2.5 billion, representing a 70% increase year-over-year.
Successful Expansion of Blockchain-Based Solutions
Innovative blockchain-based solutions contributed over $80 million in volume, including crypto-backed loans and DSCR loans.
Growth in Partner Network
Partner network expanded to nearly 250 third parties, with significant growth in the SMB segment and onboarding of a major mortgage servicer.
Introduction of Democratized Prime
Launch of Democratized Prime, a decentralized short-term funding market, offering lower financing rates.
Launch of Blockchain-Native Equity Share Class
Filing of a confidential S-1 for a blockchain-native equity share class on Provenance blockchain.