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Founded Year

2001

Stage

Acq - P2P | Acquired

Total Raised

$95.54M

Valuation

$0000 View

Revenue

$0000 View

About Xoom

Xoom (NASDAQ: XOOM) provides digital money transfer solutions. The company's main services include enabling consumers to send money, pay international bills, and reload phones for family and friends around the world. It primarily serves the payment industry. The company was founded in 2001 and is based in San Francisco, California. In July 2015, Xoom was acquired by PayPal.

Headquarters Location

425 Market Street 12 Floor

San Francisco, California, 94105,

United States

415-288-2500

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Research containing Xoom

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Xoom in 1 CB Insights research brief, most recently on Jun 6, 2022.

Jun 6, 2022

Analyzing PayPal’s growth strategy: How the payments giant is expanding beyond checkoutView all research

Expert Collections containing Xoom

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Xoom is included in 1 Expert Collection, including Fintech.

FFintech

9,194 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

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Xoom Patents

Xoom has filed 3 patents.

View Patents Chart

Application Date	Grant Date	Title	Related Topics	Status
2/24/2014	2/20/2018	Online remittance system with methodology for predicting disbursement times of online electronic funds transfers	Payment systems, Electronic funds transfer, Banking technology, Interbank networks, Computer memory	Grant

Application Date	2/24/2014
Grant Date	2/20/2018
Title	Online remittance system with methodology for predicting disbursement times of online electronic funds transfers
Related Topics	Payment systems, Electronic funds transfer, Banking technology, Interbank networks, Computer memory
Status	Grant

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Latest Xoom News

Hero MotoCorp Bets On Xoom And Rural Market Boom For A Smooth Ride

May 9, 2024

Hero MotoCorp has earned more on every vehicle sold than ever before, thanks to premiumisation in India’s two-wheeler industry and signs of revival in the rural economy. 09 May 2024, 10:52 AM IST 09 May 2024, 10:52 AM IST WhatsApp (Photo: Unsplash) The Indian two-wheeler market has been been shifting gears as sales have been in an overdrive. Hero MotoCorp Ltd., which announced its quarterly results on May 8, plans to ride the momentum on the back of premiumisation and revival in the rural economy. In January–March 2024, the operational profitability of India’s largest two-wheeler maker grew 25% year-on-year to Rs 1,359 crore—an all-time high. Earnings per vehicle sold rose to 5% sequentially, reaching a new record of Rs 9,800, even as volumes surged 10% over the year earlier. That came on the back of better realisations and higher gross margins, analysts said. Going forward, a Citi report says that the first half the current fiscal should see launches of Xoom 125 and Xoom 160cc premium scooters and this should augure well for the company. Navuma points out the same. "HMCL (Hero MotoCorp Ltd.) is set to bring new products in the premium and EV space can potentially add sales of 30,000 to 40,000 units per month,” said Raghunandan NL of Nuvama Research in a May 9 research report. A revival in the hinterland—where Hero MotoCorp still accounts for nearly one out of two motorcycles sold—is yet another plus. Its widest network is the cherry on top. “FMCG companies, such as Marico and Dabur, are seeing early signs of an uptick in rural demand and are expecting an acceleration in volume growth in FY25,” Nitij Mangal and Sagar Sahu, equity analysts at Jefferies in India, said in a May 9 note. “A pickup in rural demand should be positive for Hero. The company expects two-wheeler industry revenue to grow in double digits in FY25.” Still, there are immediate challenges, such as eroding market share. The wholesale market share of the Splendor maker has slipped from an average of 36% in FY18–22 to 29% in FY24, according to Jefferies. At the same time, Hero MotoCorp did gain market share (74–78%) in the commuter segment, but no one’s buying those bikes anyway. Its share in the 125 cc class—the sweet spot in India’s two-wheeler space—has shrunk to 17% from 39%. There are even fewer takers for its scooters (7% market share from 10% earlier), and until recently it was virtually non-existent in the 250 cc-plus segment—the fastest growing cohort in the world’s largest two-wheeler industry. “Hero’s market share decline and adverse demand profile shifts are concerns, although any success in premium motorcycles, scooters and EVs can enhance growth,” Jefferies said. “We continue to like Hero because we believe two-wheelers are poised for strong double-digit growth over the next three years.” Hero MotoCorp Q4 Results: Key Highlights (YoY) Revenue up 14.6% to Rs 9,519 crore (Bloomberg estimate: Rs 9,401.29 crore) Ebitda up 25.5% to Rs 1,359 crore (Bloomberg estimate: Rs 1,322.93 crore) Ebitda margin at 14.3% versus 13% (Bloomberg estimate: 14.10%) Net profit up 18.4% to Rs 1,016 crore (Bloomberg estimate: Rs 1,048 crore) ALSO READ

Oct 25, 2021Thunes Leans on Xoom for Broader Worldwide ReachJul 16, 2021PYPL Stock Price | PayPal Holdings Inc. Stock Quote (U.S.: Nasdaq) | MarketWatchJul 13, 2021What does London’s biggest ever tech flotation mean for the sector?Jun 9, 2021Payment apps collect and share your data. Here's how to lock them down.Learn more by joining our daily demo

Xoom Frequently Asked Questions (FAQ)

• When was Xoom founded?

  Xoom was founded in 2001.

• Where is Xoom's headquarters?

  Xoom's headquarters is located at 425 Market Street, San Francisco.

• What is Xoom's latest funding round?

  Xoom's latest funding round is Acq - P2P.

• How much did Xoom raise?

  Xoom raised a total of $95.54M.

• Who are the investors of Xoom?

  Investors of Xoom include PayPal, Craft Ventures, New Enterprise Associates, Sequoia Capital, Belvedere Capital Partners and 12 more.

• Who are Xoom's competitors?

  Competitors of Xoom include MoneyGram, Global66, TerraPay, Payall, Globokas and 7 more.

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Compare Xoom to Competitors

Zepz

ZEPZ focuses on providing digital payment solutions. The company offers services enabling users to send money securely with options for bank deposit, cash collection, mobile airtime top-up, and mobile money. ZEPZ primarily serves the global payments industry. Zepz was formerly known as WorldRemit. It was founded in 2010 and is based in London, United Kingdom.

MMoneyGram

MoneyGram operates as a financial services company. The company offers services such as sending money to various locations worldwide, depositing money into bank accounts, and transferring funds to mobile wallets. It primarily serves individuals who need to send or receive money internationally. MoneyGram was formerly known as Integrated Payment Systems, It was founded in 2003 and is based in Minneapolis, Minnesota.

GGlobokas

Globokas operates as a financial services provider specializing in the management of correspondent agent networks and financial inclusion initiatives. The company offers services such as telecommunications recharges, financial transactions, and management of correspondent agent networks, aiming to facilitate secure and efficient financial operations. It primarily serves the financial sector, with a focus on expanding access to banking services. It was founded in 2007 and is based in Lima, Peru.

TTerraPay

TerraPay operates as a cross-border payment network. The company simplifies the movement of money worldwide by providing direct access to global markets through a single connection. Its services primarily cater to partners seeking global financial inclusion. It was founded in 2014 and is based in London, United Kingdom.

TransferGo

TransferGo specializes in digital money transfers and international remittance services. The company offers transfer services to individuals and businesses, enabling them to send funds to over 160 countries. TransferGo's platform supports various payment methods, including bank-to-bank transactions, card-to-card payments, e-wallets, and cash transfers, catering to the diverse needs of its global customer base. It was founded in 2012 and is based in London, United Kingdom.

Revolut

Revolut is a financial technology company offering a suite of money management tools. It provides services such as international money transfers, currency exchange, stock trading, and savings accounts. Revolut caters to both personal and business financial needs, with a focus on providing more control and visibility over users' finances. It was founded in 2015 and is based in London, United Kingdom.

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