Xoom

remittancesmobile/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.

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
Acquisitions

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

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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