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General Information

Websitexoom.com
CategoryConsumer Web
Phone(415) 777-4800
Employees

Offices

United States
100 Bush Street
Suite 300
94104, USA

People

President and CEO
Co-Founder, Board of Directors
SVP, Marketing and Products
VP, Finance and Administration
Board Member

Funding

Tags

Xoom

Xoom is an international money transfer service that allows users to transer funds from its website to others who are off line and in other countries. The services is a viable alternative to PayPal when you hit some of PayPal’s limitations such as overseas transfers.

Xoom transactions do not require bank accounts on either side. Also, Xoom allows your to transfer your PayPal funds where PayPal itself can’t. Fees range from around 4% for small transactions to 1.1% for large ones. It’s a reasonable rate compared to others, but nothing to brag about.

Xoom has currently raised a generous $50+ million in 5 rounds of venture capital. Appropriately, Sequoia Capital’s Roelof Botha is a lead investor in Xoom and a member of the board. Botha served as the CFO of PayPal before he moved to Sequoia and has made investments in this space before.

Milestones

  • Check
    Xoom — 24/7 cash pickup in Philippines announced through partnership with M. Lhuillier (2/2/09)
    Posted 4/17/09 at 10:06am
  • Dollar
    Xoom received $20M in Series E funding. (9/1/07)
    Posted 10/1/07 at 3:07am
  • Check
    Xoom added Keith Rabois as Board of Directors. (2/03)
    Posted 9/30/07 at 3:00pm
  • Check
    Xoom added Kevin Hartz as Co-Founder, Board of Directors.
    Posted 9/30/07 at 3:00pm
  • Check
    Xoom added Ryno Blignaut as VP, Finance and Administration.
    Posted 9/30/07 at 2:57pm
  • Check
    Xoom added Julian King as SVP, Marketing and Products.
    Posted 9/30/07 at 2:57pm
  • Check
    Xoom added Roelof Botha as Board Member.
    Posted 5/7/08 at 7:52pm
  • Check
    Xoom added John Kunze as President and CEO.
    Posted 4/20/09 at 11:45am

Videos

Screenshots

Products

Xoom

Websitexoom.com
StageLive
Tags money-transfer
Xoom screenshot
Above: Xoom Screenshot -- #1
Uploaded: 2/5/08

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Xoom

Sources

  1. Xoom Raises $20 Million Series E (techcrunch.com) [edit]
  2. Xoom.com Announces 24/7 Cash Pickup in the Philippines (xoom.com) [edit]
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Last Edited 11/10/09

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