In today's world, Xoom Corporation is a topic that arouses great interest and debate in different sectors of society. The impact of Xoom Corporation has been noted in areas such as economy, politics, culture and technology, generating endless different opinions and perspectives. Since its emergence, Xoom Corporation has been the subject of study and research by experts in the field, who seek to understand its implications and consequences in the short, medium and long term. This article will explore the phenomenon of Xoom Corporation in depth, analyzing its causes, effects and possible solutions, in order to shed light on a topic that continues to be a source of controversy and reflection today.
This article contains content that is written like an advertisement. (June 2023) |
Company type | Money transfer |
---|---|
Industry | Banking |
Founded | 2001 |
Headquarters | San Francisco, California, U.S. |
Services | electronic funds transfer remittance provider |
Parent | PayPal, Inc. |
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 and has its headquarters in San Francisco, California.
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.
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.
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.
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. Xoom went public on February 15, 2013. In November 2015, PayPal acquired Xoom for $25 a share, to a total of about $1.09 billion.