 | This article contains promotional content .(June 2023) |
 | |
| Company type | Money transfer |
|---|---|
| Industry | Banking |
| Founded | 2001 |
| Founders | |
| Headquarters | San Francisco, California, U.S. |
| Services | Electronic funds transfer Remittance provider |
| Parent | PayPal (2015–present) |
| 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 by Alan Braverman and Kevin Hartz, [1] with its headquarters in San Francisco, California. [2]
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. [3]
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. [4] [5]
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. [6]
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. [7] Xoom went public on February 15, 2013. [8] In November 2015, PayPal acquired Xoom for $25 a share, to a total of about $1.09 billion. [9] [10]
