About Xoom
Xoom is a Financial Services company based in San Francisco (United States) founded in 2001, and was acquired by PayPal in July 2015. Cross-border money transfers are enabled via banking channels. Xoom has raised $106.44 million across 6 funding rounds from investors including PayPal, SVB and Sequoia Capital. Xoom has completed 2 acquisitions, including BlueKite and Flyswat. Its website xoom.com draws about 2.4 million monthly visits. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance. Its competitors include Remitly and Euronet Worldwide; 1 of its 2 listed competitors has raised funding.
Company details
Xoom was founded in 2001 in San Francisco, United States, operating in the fintech sector focused on international payments. Cross-border transfers are supported through bank accounts and cash pickup options, with services extended to bill payments worldwide. Transaction tracking and status updates are provided to users, facilitating secure global remittances primarily from the U.S. to various countries.
Apps and channels of Xoom
Xoom publishes 1 mobile app with over 5M+ downloads.
Funding Insights of Xoom
Xoom has successfully raised a total of $106.44M across 6 strategic funding rounds. The most recent funding activity was a Series F round of $25 million completed in November 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $106.44M
- Total Rounds 6
- Last Round Series F — $25M
- First Round $800,000
(Oct 2003)
- Investors Count 7
All 6 funding rounds of Xoom with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2011 | $25M | Series F | – | Sequoia Capital | |
| Mar 2010 | $33.25M | Series F | – | New Enterprise Associates, DAG Ventures | – |
| Sep 2007 | $20.29M | Series E | – | DAG Ventures | |
| Jun 2006 | $15M | Series C | – | Fidelity Ventures | |
| Jan 2005 | $12.1M | Series B | – | – | – |
| Oct 2003 | $800,000 | Series A | – | Clarium | – |
8 investors in total: 7 institutional and 1 angel.
Investors in Xoom
Xoom has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include PayPal, SVB and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Mid-stage venture capital investments and support for tech entrepreneurs. | dagventures.com | |||
Venture capital funding is provided by Fidelity-backed Fidelity Ventures. | fidelityventures.com | Boston, United States | ||
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
| clarium.com | ||||
Online payment solutions are offered to consumers and businesses. | 1998 | paypal.com | San Jose, United States | |
KR Keith Rabois | Venture capitalist, angel investor, ex-PayPal Mafia, active in Indian startups | unknown_8b71daf5318048b89 |
Investor details for Xoom
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Investments & Acquisitions by Xoom
Xoom has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BlueKite and Flyswat.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cross-border bill payments and remittances | bluekite.com | Miami, United States | 1998 | Feb 2014 | •••• | |
Real-time web content is searched and analyzed for keywords. | flyswat.com | San Francisco, United States | 1997 | May 2000 | •••• |
Complete acquisition details for Xoom
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Timeline of Xoom
7 dated milestones of Xoom across 15 years, from founding to its latest funding, stage changes and deals.
Competitors of Xoom
Xoom has 2 listed competitors in our database, 1 of them funded. They include Remitly and Euronet Worldwide.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| remitly.com | 2011 | Seattle, United States | $435.93M | 2,700 | Cross-border money transfers are facilitated via banking networks. | |
| euronetworldwide.com | 1994 | Leawood, United States | 10,000 | Electronic payments and transaction processing solutions are offered globally. |
Detailed competitors of Xoom
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Web traffic of Xoom
The website of Xoom (xoom.com) receives about 2.4M visits a month and ranks #14,213 among all websites worldwide, #925 in Financial Planning and Management.
- Monthly visits2.4M
▼ 14.8% vs previous month
- Unique visitors1.3M
per month
- Global rank#14,213
among all websites
- Category rank#925
Finance · Financial Planning and Management
- Bounce rate31%
- Pages per visit6.5
- Average visit3 min 48 sec
- DevicesDesktop 38% · Mobile 62%
Websites whose visitors overlap most with Xoom. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| westernunion.com | 100% | 10.6M | #3,540 | View details | |
| moneygram.com | 98% | 3.4M | #13,762 | View details | |
| remitly.com | 77% | 7M | #7,256 | View details | |
| wmtransfer.com | 76% | #146,264 | View details | ||
| transfermate.com | 76% | 37K | #760,133 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Xoom
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Xoom (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | 16,622 | ||
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Xoom
Complete news archive for Xoom
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Frequently Asked Questions about Xoom
Xoom was founded in 2001 and raised its 1st funding round 2 years after it was founded.
Xoom is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Xoom is a funded company, having raised a total of $106.44M across 6 funding rounds to date. The company's 1st funding round was a Series A of $800K, raised on Oct 2003.
Xoom was founded in 2001 in San Francisco, United States, operating in the fintech sector focused on international payments. Cross-border transfers are supported through bank accounts and cash pickup options, with services extended to bill payments worldwide. Transaction tracking and status updates are provided to users, facilitating secure global remittances primarily from the U.S. to various countries.
Xoom's top competitors include Euronet Worldwide and Remitly.
Xoom has 8 investors. Key investors include PayPal, SVB, Sequoia Capital, Keith Rabois, and NEA.
Yes. Xoom was acquired by PayPal in July 2015.
Yes. Xoom publishes Xoom: Send Money & Transfer, with over 5 million downloads.
The website of Xoom receives about 2.4 million visits a month and ranks #14,213 among all websites worldwide.