July 26, 2017 7:08 PM ET

Consumer Finance

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. It enables customers to send money to family and friends from the United States to various 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. It has operations in Estonia, Finland, and Lithuania. As ...

425 Market Street

12th Floor

San Francisco, CA 94105

United States

Founded in 2001

295 Employees



Key Executives for Xoom Corporation

Age: 54
Chief Financial Officer
Age: 54
Vice President of Operations
Chief Risk Officer
Age: 44
Compensation as of Fiscal Year 2017.

Xoom Corporation Key Developments

Xoom Expands Money Transfer Service to Japan

Xoom has expanded its reach in Asia by launching fast bank deposit service to Japan. Xoom's service will allow Japanese immigrants in the US to send money to bank accounts in Japan with their US bank accounts, credit cards, or debit cards. Xoom has partnered with Queen Bee Capital to enable fund transfers to major Japanese banks, including Mizuho Bank, The Bank of Tokyo - Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation, Japan Post Bank, Resona Bank.

Xoom Launches Operations in Estonia

Xoom launched operations in Estonia. The list of new countries includes Estonia, Finland and Lithuania.

Xoom Launches New Mobile Recharge Service to Singapore

Xoom announced the launch of Xoom Mobile Recharge service to Singapore. The service enables customers to instantly send airtime credit (recharge) online from the U.S. to prepaid mobile phones from three of the large providers in Singapore – M1, SingTel and StarHub. The company's new Mobile Recharge to Singapore augments company's traditional bank-to-bank transfer service with a very convenient, secure and inexpensive way for customers to provide additional support to their loved ones in Singapore. For example, users can opt to send a traditional money transfer to mom or dad and then send phone recharges to other relatives or friends – all with Xoom. Plus, Xoom customers don’t have to waste time driving to the store and standing in lines since they can instantly recharge their families’ phones from their desktops or their mobile phones through the mobile app. Xoom offers a range of recharge amounts from SGD 3.50 to SGD 1,000. A user only needs a U.S. bank account, debit card or credit card to send a recharge through the Xoom platform. The moment airtime is credited to a prepaid mobile phone account, a free in-language text message is sent to the recipient with confirmation that their account has been recharged and the amount of the recharge. The company securely auto-saves the transaction information, including the mobile number, payment method and amount sent, enabling repeat transactions to be sent.

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