In today's world, Xoom Corporation has become a topic of great importance and interest to a wide variety of people. From its impact on society to its relevance in politics and economics, Xoom Corporation has managed to capture the attention of experts and fans alike. Whether due to its influence on popular culture or its significance in the academic field, Xoom Corporation has generated a debate in which individuals of all ages and backgrounds actively participate. As Xoom Corporation continues to evolve and take on new nuances, the need to understand it in all its complexity becomes even more evident. In this article, we will explore various facets of Xoom Corporation and its impact on contemporary society.
San Francisco-based digital money transfer company
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.