Xoom
remittances . mobile/online remittance
STATUS: Acquired/Merged
FOUNDING YEAR: 2001
LOCATION: United States
Last Update: 19/01/2021
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About
Xoom, A PayPal Service is a leading digital money transfer provider that enables consumers to send money, pay international bills, or reload phones for family and friends around the world. We offer a superior way to transfer money in a secure, fast and cost-effective way. Our mission is to deliver the fastest, most transparent, and pro-consumer digital money services available across our mobile, tablet and computer platforms. With Xoom, consumers can send money to friends and family in countries across Africa, Asia, Europe, India, Latin America, Middle East and Australia. Xoom was founded in 2001, went public in February 2013 and on November 12, 2015 was acquired by PayPal Holdings, Inc.To learn more about our career opportunities visit www.paypal.com/jobs and search under Xoom. Our teams are primarily located in San Francisco, CA and Guatemala City, Guatemala.
MEDICI Analysis
Xoom is a public listed firm which was acquired by Paypal in July 2015. It offers fast, easy, and secure ways to send money, reload phones, and pay bills for family and friends around the world.
Focus
PRODUCTS & SERVICES
Online/mobile based remittance platform - Users to send money, pay bills and reload mobile phones from the United States to 52 countries. Xoom Money Transfer app is an easy way to send money safely, quickly and conveniently to the friends and family back home.
REVENUE MODEL
Company generates revenue by charging a small percentage fee per transaction.
People
FOUNDERS
Kevin Hartz
BOARD MEMBERS AND ADVISORS
Keith Rabois
Roelof Botha
Murray Demo
Dick Kramlich
NUMBER OF EMPLOYEES
51-200
INVESTORS:
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
6
TOTAL FUNDING
$71.15 M
DATE OF LAST FUNDING
Nov 2011
IPO STATUS
Delisted
IPO AT
Feb 2013
TOTAL FUNDING COMMENT
Total amount received in Series D, E & F funding round.
ESTIMETED REVENUE RANGE
$100M to $500M
FUNDING SERIES
SERIES A · $545 K · Aug 2003
SERIES B · $5.58 M · Feb 2004
SERIES C · $5 M · Feb 2006
SERIES D · $15 M · Jun 2006
SERIES E · $20.03 M · Sep 2007
SERIES F · $25 M · Nov 2011
LISTED
NO
company provided insights
M&A
ACQUIRED BY
PayPal
ANNOUNCED DATE
Jul 2015
PRICE
$890 M
company provided insights
Acquisitions
ACQUIREE NAME
BlueKite
ANNOUNCED DATE
Jan 2014
PRICE
$15 M
company provided insights
Web Traffic
MONTHLY VISITS
5,185,047
AVERAGE VISITS (6 MONTHS)
4,449,254.8
MONTHLY VISITS GROWTH
-7.29%
VISIT DURATION
854
VISIT DURATION GROWTH
184.6%
PAGE VIEWS VISIT
7.24
PAGE VIEWS VISIT GROWTH
6.64%
BOUNCE RATE
37.66%
BOUNCE RATE GROWTH
-4.35%
GLOBAL TRAFFIC RANK
6,939
MONTHLY RANK CHANGE
-305
MONTHLY RANK GROWTH
-4.21%
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