About Xoom
Xoom is a company based in San Francisco (United States) founded in 2001 was acquired by PayPal in July 2015.. 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. Xoom operates in a competitive market with competitors including Remitly, Euronet Worldwide, BookMyForex, NALA and Azimo, among others.
- Headquarter San Francisco, United States
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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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 Total Funding
- Total Rounds 6
- Last Round Series F — $25.0M
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First Round
First Round
(01 Oct 2003)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2011 | Amount | Series F - Xoom | Valuation | Sequoia Capital | |
| Mar, 2010 | Amount | Series F - Xoom | Valuation | New Enterprise Associates , DAG Ventures |
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| Sep, 2007 | Amount | Series E - Xoom | Valuation | DAG Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Mid-stage venture capital investments and support for tech entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Xoom
Xoom has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BlueKite and Flyswat. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cross-border bill payments and remittances
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1998 | ||||
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Real-time web content is searched and analyzed for keywords.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Xoom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xoom Comparisons
Competitors of Xoom
Xoom operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Remitly, Euronet Worldwide, BookMyForex, NALA and Azimo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cross-border money transfers are facilitated via banking networks.
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| domain | founded_year | HQ Location |
Electronic payments and transaction processing solutions are offered globally.
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| domain | founded_year | HQ Location |
Online foreign exchange and remittance services are facilitated in India.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled online for individuals worldwide.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled via a digital banking channel.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Xoom
Frequently Asked Questions about Xoom
When was Xoom founded?
Xoom was founded in 2001 and raised its 1st funding round 2 years after it was founded.
Where is Xoom located?
Xoom is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Xoom a funded company?
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 E of $20.29M, raised on Oct 01, 2003.
What does Xoom do?
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.
Who are the top competitors of Xoom?
Xoom's top competitors include Azimo, Euronet Worldwide and NALA.
Who are Xoom's investors?
Xoom has 8 investors. Key investors include PayPal, SVB, Sequoia Capital, Keith Rabois, and NEA.
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