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Xoom Corporation

Unicorn exit · $1.1BAcquired

Founded 2001 · 299 employees on LinkedIn · 7 known investors

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Acquired by PayPal July 2015 · $1.1B (approximately $1.09 billion in cash) · source ↗

Xoom is an online and mobile money-transfer service that lets people send money internationally to friends and family, showing fees and the recipient amount before sending. It offers data encryption, 24/7 fraud monitoring, and multilingual customer support through global service centers.

Also known as Xoom · Xoom, a PayPal Service

Fintech

Founders & leadership

Xoom Corporation was founded in 2001 by Kevin Hartz.

KHKevin Hartz
Kevin HartzFounderKevin Hartz co-founded Xoom, an online money transfer service that went public in 2013 and was acquired by PayPal in 2015, and also co-founded Eventbrite, which held an IPO in 2018. He is currently a General Partner at an investment firm focused on seed and early-stage ventures.
AB
Alan BravermanFounder

Investors · 7

Dag Ventureslisted by Dag VenturesPalo Alto

How we know: Dag Ventures's portfolio page · funding news · pulse2.com · Not right? Tell us

F-Prime Capitallisted by F-Prime CapitalCambridge · $3M – $10M

How we know: F-Prime Capital's portfolio page · Not right? Tell us

Glynn Capital Managementlisted by Glynn Capital ManagementMenlo Park

How we know: Glynn Capital Management's portfolio page · Not right? Tell us

New Enterprise Associates (NEA)listed by New Enterprise Associates (NEA)Menlo Park · $200K – $40M

How we know: pulse2.com · open dataset · 5k.vc investor directory · Not right? Tell us

Sequoia Capitallisted by Sequoia CapitalMenlo Park · $100K – $50M

How we know: funding news · pulse2.com · sequoiacap.com · Not right? Tell us

Also in the syndicate · 1

Fidelity Ventures

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Xoom is an international money-transfer service operating as a PayPal service. Customers can send funds abroad through the Xoom website or mobile app, with transfer options that include deposits to bank accounts and debit cards, delivery to mobile wallets and local payment rails such as UPI and PIX, cash for pickup or delivery, and mobile phone airtime reloads.

The service presents the exact fee and the amount the recipient will receive before a transfer is confirmed, subject to stated fees and limitations. Transaction protection measures include data encryption and 24/7 fraud monitoring, and customer support is provided from service centers in multiple countries and languages. The company states that it has served millions of customers sending money around the world since 2001.

Business model

Xoom charges senders fees on cross-border transfers, with the applicable fee and exchange rate disclosed before the transaction is submitted.

Transfer fees and rates applied to consumer remittances, disclosed to the sender up front.

Traction

The company states that millions of customers have used Xoom to send money internationally since 2001.

▸Full profile — technology, go-to-market, geography

Technology

Web and mobile transfer platform with payout connections to bank accounts, debit cards, mobile wallets, UPI and PIX, and cash pickup/delivery networks, supported by data encryption and round-the-clock fraud monitoring.

Go-to-market

Direct-to-consumer via the Xoom website and mobile apps distributed on Google Play and the Apple App Store, under the PayPal brand association.

Consumers sending money internationally to friends and family.

Geography

Supports transfers to recipients around the world and operates customer service centers across the globe with multilingual support.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Customers served since 2001Jan 2001millions of customers
HeadcountAug 2026299

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 9

WiseWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
RemitlyRemitly is an international money transfer service that enables customers to send money across borders to multiple countries.
RevolutLondon-based digital banking app offering multi-currency accounts, cards, trading and business accounts to 65m+ customers.
JetloreJetlore was a Palo Alto AI startup that turned unstructured retail product data into structured attributes so merchants could personalise what each shopper saw. Founded by Stanford researchers, it raised from Sierra Ventures, Alsop Louie Partners, Fenox Venture Capital, BRM Capital and Mercury Fund, and PayPal acquired it in 2018.
FinderFinder is a personal finance comparison platform that helps consumers find deals on savings accounts, bank bonus offers, and rates. It also publishes money-saving content such as budgeting and savings challenges.
InstaremInstarem operates a cross-border money transfer service enabling individuals and small-to-medium businesses to send funds internationally with competitive exchange rates and low fees. The platform serves customers across more than 60 locations globally, having processed over $6 billion in annual transfers.
SendwaveSendwave provides international money transfer services designed to simplify remittances through digital channels with low fees and fast transfers, serving customers who want to send money across borders without visiting physical locations.
Transfer GoTransferGo is a financial platform that enables money transfers and financial services for people and businesses across borders, serving expatriates, freelancers, and international users in over 160 countries.
WellsfargoWells Fargo provides investment advisory services, wealth management, and retirement planning for individual investors and high-net-worth clients. The company offers digital investment platforms, market insights, and personalized financial guidance through its advisors and digital tools.

Companies working in the same space as Xoom Corporation.

In the news

Xoom Raises $20.29 Million In Series E Fundingpulse2.com · Sep 2007

▸Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Xoom Corporation do?
Xoom is a PayPal-owned online and mobile service for sending money internationally to bank accounts, wallets and cash pickup.
Who founded Xoom Corporation?
Xoom Corporation was founded by Kevin Hartz in 2001.
Who are Xoom Corporation's investors?
Xoom Corporation's investors include Craft Ventures, Dag Ventures, F-Prime Capital, Glynn Capital Management, New Enterprise Associates (NEA), Sequoia Capital.