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| Company type | Money transfer |
|---|---|
| Industry | Banking |
| Founded | 2001; 25 years ago (2001) |
| Founders | |
| Headquarters | San Francisco, California, U.S. |
| Services | Electronic funds transfer Remittance provider |
| Parent | PayPal (2015–present) |
| Website | xoom |
Xoom Corporation (also known asXoom, a PayPal Service) is anelectronic funds transfer andremittance provider.
Xoom Corporation was founded in 2001 byAlan Braverman andKevin Hartz,[1] with its headquarters inSan Francisco, California.[2]
In June 2010, Xoom was cited in a study by theInter-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 inThe 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 theInter-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] Xoomwent 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]
