Xoom Corporation

Xoom Corporation (also known as Xoom, a PayPal Service) is an electronic funds transfer and remittance provider.

History
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.

Funding and ownership
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.