# Xoom Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xoom

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.xoom.com
- Total disclosed funding: $106M
- Latest round: Series F (Nov 21, 2011)
- Investors on record: 6

## About

Xoom Corporation operates as a digital money transfer service, facilitating fast and secure remittances for individuals and families worldwide, primarily through its integration with PayPal.Xoom Corporation, founded in 2001 and headquartered in San Francisco, US, specializes in digital money transfers. The company was acquired by PayPal in July 2015 for USD 890 mn. Laila Faisal, the founder, has a background in technology and finance. Xoom has completed a total of 8 deals, with its most recent deal occurring on February 15, 2013, during which it raised USD 890 mn in its IPO.Xoom, a PayPal service, specializes in fast and secure money transfer solutions, catering to individuals and families globally. Its core offerings include the ability to send money directly to bank accounts, debit cards, mobile wallets, and options for cash pickup and delivery. The platform provides flexible services that allow users to reload mobile phones and pay bills, addressing the needs of customers who require efficient financial transactions without geographical constraints. Established in 2001, Xoom has gained the trust of millions of users, particularly in markets across North America, South America, Europe, and Asia, ensuring that customers can stay connected with their loved ones regardless of distance. The company’s commitment to transparency is highlighted by its upfront fee structure, enabling users to see the exact costs and anticipated recipient amounts before completing a transaction.Xoom generates revenue primarily through transaction fees charged for its money transfer services, which may vary based on the speed and method of delivery chosen by users. In its most recent financial year, 2014, the company reported revenues of USD 159.08 mn, while its EBITDA for the same year was USD -18.85 mn. The firm operates on a structure that predominantly serves direct-to-consumer transactions, where individual users can send funds to recipients internationally. The company emphasizes its competitive pricing, ensuring that users are aware of the costs associated with each transfer, while also promoting a user-friendly experience through its mobile app and web platform. Xoom leverages its established brand reputation, as part of PayPal, to maintain customer loyalty and foster growth in its transaction volume.Xoom's future growth strategy includes plans for expanding into new markets and geographic regions to enhance its service offerings. Following its acquisition by PayPal, the company aims to leverage PayPal's global reach to penetrate additional markets in Asia and Latin America by 2025. Recent funding from its trade sale in February 2013, which raised USD 890 mn, is expected to support product development and marketing initiatives to facilitate this expansion.

## Funding rounds

- Series F, Nov 21, 2011, $25M — Hong Shan
- Series F, Mar 18, 2010, $33M — Glynn Capital
- Series E, Sep 14, 2007, $20M — New Enterprise Associates, Hong Shan, DAG Ventures, Eight Roads Ventures
- Series D, May 12, 2006, $15M — New Enterprise Associates, Hong Shan, SVB Capital, Eight Roads Ventures
- Series C, Jan 13, 2005, $12M — New Enterprise Associates, Hong Shan

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series C, Series D, Series E
- Hong Shan — Series C, Series D, Series E, Series F
- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series D
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series D, Series E
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series E
- Glynn Capital (https://capitalatlas.ai/funds/glynn-capital) — Series F