XE.com

Last updated
Xe.com Inc.
FormerlyXenon Laboratories Inc.
Company type Subsidiary
Industry Foreign exchange services
Financial services
Founded Newmarket, Ontario, Canada (1993)
FounderSteven Dengler
Beric Farmer
Headquarters Newmarket, Ontario, Canada
Key people
Mark Ledsham (CEO)
Products
  • Xe Currency Converter
  • Xe Currency Data
  • Xe Money Transfer
  • Xe Currency App
Number of employees
≈350
Parent Euronet Worldwide
Website www.xe.com

Xe.com (Xe) is a Canada-based online foreign exchange tools and services company headquartered in Newmarket, Ontario. It is best known for its online currency converter application that offers exchange rate information, international money transfers, and other currency-related services via its website, mobile apps, and other online channels. It has been a subsidiary of Euronet Worldwide since 2015. [1]

Contents

As of 2013, independent ranking site Alexa ranked Xe in the top 500 of all sites worldwide by traffic, and a top 100 traffic site in Ireland, South Africa, and the UAE. [2] As of 2016, Xe claimed that its services attracted over 280 million unique visitors annually. [3]

History

Xe's name at founding was Xenon Laboratories Incorporated and originally, the company provided computer consulting and Internet services to businesses. [4] In December 1994, the company registered the domain name Xe.com, choosing the letters Xe from the two-letter atomic symbol for Xenon. A year later, the company launched a currency converter, providing live currency information online.[ citation needed ]

In early 2001, as the Internet became more prevalent, the company formally changed its name to Xe.com Inc. and focused its efforts on its website and online currency tools. In 2002, Xe launched an international money transfer service called Xe Trade. In 2016, Xe Trade was rebranded as Xe Money Transfer. Offered online, this service allows both consumers and businesses to send funds internationally. [5]

On July 6, 2015, electronic payments provider Euronet Worldwide, Inc. announced that it had acquired Xe. [6] [7]

In December 2018, Xe merged with sister company HiFX and the two companies will continue to do business under the Xe brand name.[ citation needed ]

Services

Xe.com offers various free online currency tools, including the Xe Currency Converter, which allows visitors to check live exchange rates of any world currency. [8] The website also offers free historical charts and rate tables. [4] The company provides a foreign exchange service (Xe Money Transfer) and a commercial currency data feed service (Xe Currency Data) that offers accurate and reliable exchange rates for businesses. [9] [ citation needed ]

Other features include customized converters, a currency encyclopedia, travel expense calculator, and forex currency news. [10] In 2009, the company introduced a free mobile app (Xe Currency) on iOS, Android, BlackBerry, Windows Phone, Windows 8, and Firefox OS devices. [11] In early 2013, a paid version (Xe Currency Pro) was made available for iPhone users. In September 2016, the Xe Currency App reached over 55 million downloads.[ citation needed ]

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References

  1. ↑ "In the race to hire the best, small firms pick up speed". The Globe and Mail. Toronto. Retrieved 2008-09-22.
  2. ↑ "Xe.com – Traffic Details from Alexa". Archived from the original on May 19, 2022. Retrieved 2009-02-13.
  3. ↑ "About Xe" . Retrieved 2018-08-01.
  4. 1 2 "Currency Giant Xe.com Built on Friendship, Perseverance" (PDF). Retrieved 2013-02-11.
  5. ↑ "Xe Money Transfer" . Retrieved 2018-08-01.
  6. ↑ "Euronet - Euronet Worldwide Acquires XE, the World's Trusted Currency Authority". ir.euronetworldwide.com. Archived from the original on 2015-07-10.
  7. ↑ "OzForex undeterred after missing out on xe.com buy". Sydney Morning Herald. November 10, 2015.
  8. ↑ "10 travel websites that can save you money". The Star. Toronto. 2010-06-11. Retrieved 2013-02-18.
  9. ↑ "How to Buy Foreign Currency Online". Simify. Retrieved 2023-12-06.
  10. ↑ "Site Converts $1 Into Any Currency" (PDF). Retrieved 2013-02-28.
  11. ↑ "APP OF THE DAY: Xe Currency" . Retrieved 2013-02-28.
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