This article contains content that is written like
an advertisement. (June 2023) |
Company type | Money transfer |
---|---|
Industry | Banking |
Founded | 2001 |
Headquarters |
San Francisco, California, U.S. |
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]