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| Company type | Money transfer |
|---|---|
| Industry | Banking |
| Founded | 2001 (2001) |
| Headquarters | San Francisco, California,
U.S.
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| Services | electronic funds transfer remittance provider |
| Parent | PayPal, Inc. |
| Website | xoom |
Xoom Corporation (also known as Xoom, a PayPal Service) is an electronic funds transfer and remittance provider.
Xoom Corporation was founded in 2001 and has its headquarters in San Francisco, California.[1]
In June 2010, Xoom was cited in a study by the Inter-American Dialogue of 79 remittance service providers, as having amongst the highest consumer satisfaction ratings.[2]
In March 2011, and in September 2012, Xoom was listed in The Wall Street Journal's annual "Next Big Thing List" list of the 50 most promising venture-backed companies.[3][4]
In October 2012, in a follow-up survey by the Inter-American Dialogue of 51 remittance service providers for the US to Latin America market, ranked Xoom top for fees charged and countries served.[5]
On September 28, 2007, Xoom closed a first E-series round of financing for $20 million. Peter Thiel was an early investor in Xoom Corporation.[6] Xoom went public on February 15, 2013.[7] In November 2015, PayPal acquired Xoom for $25 a share, to a total of about $1.09 billion.[8][9]
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Online remittance providers
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