Xoom

remittancesmobile/online remittance

STATUS: Acquired/Merged
FOUNDING YEAR: 2001
LOCATION: South Africa
Last Update: 01/05/2020

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About

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

Alan Braverman

BOARD MEMBERS AND ADVISORS

Roelof Botha

Murray Demo

Dick Kramlich

Keith Rabois

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Anne Mitchell

DAG Ventures

Dick Kramlich

Fidelity Ventures

Glynn Capital Management

Keith Rabois

lilian samartino

New Enterprise Associates

Northgate Capital

Roelof Botha

Sequoia Capital

SVB Capital

Momentum

FUNDED

YES

TOTAL FUNDING COMMENT

Total amount received in Series D, E & F funding round.

LISTED

NO

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2001

LOCATION:

South Africa

Views:

121 VISITORS | 248 VIEWS
TOTAL EMPLOYEES
201-500

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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People+
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