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July 30, 2015 9:02 AM 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 xoom.com, 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.

425 Market Street

12th Floor

San Francisco, CA 94105

United States

Founded in 2001

295 Employees

Phone:

415-777-4800

Key Executives for Xoom Corporation

Chief Executive Officer, President, Director and Chairman of Compliance Committee
Age: 52
Total Annual Compensation: $400.0K
Acting Chief Financial Officer and Chief Risk Officer
Age: 42
Total Annual Compensation: $336.4K
Chief Compliance Officer, Vice President of Legal & Compliance, General Counsel and Secretary
Age: 44
Total Annual Compensation: $265.8K
Senior Vice President of Marketing & Corporate Development
Age: 45
Total Annual Compensation: $325.8K
Compensation as of Fiscal Year 2014.

Xoom Corporation Key Developments

Xoom Adds Instant Mobile Reload to Money Transfer and Bill Pay Services

Xoom Corporation has launched Xoom Mobile Reload. The cutting-edge service allows customers to instantly send airtime credit online from the U.S. to prepaid mobile phones in 22 countries, including India, Mexico, the Philippines and more. By adding Mobile Reload, Xoom expands its offerings, enabling customers to do more for their friends and family with less hassle.

Xoom Corporation Expands its Service to Include Austria, Belgium, Greece and Portugal

Xoom Corporation has expanded its service to include Austria, Belgium, Greece and Portugal. Xoom offers fast deposits and can deposit money in as little as 24 hours when customers send by 4:00 p.m. IST (Irish Standard Time). Transactions submitted after that time will be deposited in two business days. Sending money to Austria, Belgium, Greece and Portugal with Xoom is easier and more affordable than going to a bank. Consumers no longer need to waste time going to the bank and standing in line to wire funds. The cost to send money with Xoom when paying with a U.S.-based bank account is $4.99 to send up to $2,999. Recipients will not be charged fees from the receiving bank, which is typical on wire transfers.

Xoom Corporation Appoints Tom Killalea to Serve as a Member of the Compliance Committee and as Chairperson of the Strategy Committee of the Board of Directors

On May 28, 2015, the Board of Directors of Xoom Corporation appointed Mr. Tom Killalea to serve as a member of the Compliance Committee and as Chairperson of the Strategy Committee of the Board of Directors. Mr. Killalea was appointed to the Board of Directors of the Company on March 26, 2015 to serve as a Class III director to hold office until the Company's 2016 annual meeting of stockholders or until his successor has been duly elected and qualified, subject to his earlier resignation or removal.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 1, 2015
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