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November 28, 2015 11:24 PM ET

Internet Software and Services

Company Overview of Xoom Corporation

Company Overview

Xoom Corporation provides digital consumer-to-consumer online money transfers services worldwide. The company offers money transfer services over the Internet or through a mobile device on its Website at, or through its mobile application, the Xoom App. Its customers send money to family and friends from the United States to 32 countries. The company also provides cross-border bill payment services from the United States to five countries. In addition, it offers mobile phone reload services and instant bank deposit services. Xoom Corporation was founded in 2001 and is headquartered in San Francisco, California. As of November 12, 2015, Xoom Corporation operates as a subsidiary of Pa...

425 Market Street

12th Floor

San Francisco, CA 94105

United States

Founded in 2001

295 Employees



Key Executives for Xoom Corporation

Age: 52
Chief Financial Officer
Vice President of Operations
Chief Risk Officer
Age: 42
Compensation as of Fiscal Year 2015.

Xoom Corporation Key Developments

Xoom Corporation(NasdaqGM:XOOM) dropped from Russell 3000 Index

Xoom Corporation(NasdaqGM:XOOM) dropped from Russell 3000 Index

Xoom Corporation(NasdaqGS:XOOM) dropped from NASDAQ Composite Index

Xoom Corporation will be removed from Nasdaq Composite Index.

Xoom Corporation Announces Management Changes

On November 12, 2015, pursuant to the Agreement and Plan of Merger, dated as of July 1, 2015 (the Merger Agreement), by and among Xoom Corporation (Xoom), Timer Acquisition Corp. (Merger Sub), PayPal Inc. (PayPal), and PayPal Holdings Inc. (Holdings), Merger Sub merged with and into Xoom, with Xoom continuing as the surviving corporation and a wholly-owned subsidiary of PayPal. Pursuant to the terms of the Merger Agreement, the members of the board of directors of Xoom resigned as directors of Xoom, effective as of immediately prior to the Effective Time. Daniel Schulman and Gene Truono were elected to the Xoom board of directors effective as of the Effective Time. Effective as of the Effective Time, the former executive officers of Xoom will remain Xoom employees and the following will serve as officers of Xoom: John Kunze, President; Christopher Ferro, Secretary; Patrick Dupuis, Chief Financial Officer; Anthony Glasby, Treasurer; and Gene Truono, Chief Compliance Officer.

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