Xoom is a digital money transfer provider that allows users to send money, pay international bills, or reload phones. Its digital money services are available across mobile, tablet, and computer platforms.

Employee Rating

3.8More
TypeSubsidiary
Parent CompanyPayPal
HQSan Francisco, US
Founded2001
Websitexoom.com
Xoom was founded in 2001 and is headquartered in San Francisco, US

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Key People/Management at Xoom

Michael Romero

Michael Romero

Senior Director, Mobile Applications
Jorge Guardia

Jorge Guardia

Head Of Business Development Americas
Bobby Aitkenhead

Bobby Aitkenhead

VP Bill Pay and Top Up
Silvia Vasquez-Lavado

Silvia Vasquez-Lavado

Product and Business Development Technologies
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Xoom Office Locations

Xoom has an office in San Francisco
San Francisco, US (HQ)
425 Market Street, 12th Floor
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Xoom Financials and Metrics

Summary Metrics

In total, Xoom had raised $116.5 m. Xoom is a subsidiary of PayPal

Xoom Revenue

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View revenue for all periods
Xoom's revenue was reported to be $159.08 m in FY, 2014 which is a 30.2% increase from the previous period.
Annual
USDFY, 2012FY, 2013FY, 2014

Revenue

80.0m122.2m159.1m

Revenue growth, %

53%30%

Cost of goods sold

26.8m38.1m45.4m

Gross profit

53.2m84.1m113.7m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Revenue

24.3m33.5m32.3m35.9m39.8m39.4m44.4m46.3m42.4m

Cost of goods sold

7.5m10.1m10.4m9.6m13.0m11.1m12.0m13.3m14.6m

Gross profit

16.8m23.4m21.9m26.4m26.9m28.3m32.4m33.0m27.9m

Gross profit Margin, %

69%70%68%73%67%72%73%71%66%
Annual
USDFY, 2012FY, 2013FY, 2014

Cash

45.1m111.0m67.2m

Prepaid Expenses

4.9m4.2m5.4m

Current Assets

99.5m270.1m274.2m

PP&E

3.9m5.1m15.7m
Quarterly
Annual
USDFY, 2012FY, 2013FY, 2014

Net Income

(5.9m)6.3m(26.3m)

Depreciation and Amortization

1.5m2.3m3.9m

Accounts Payable

1.6m1.4m4.6m

Cash From Operating Activities

(750.0k)(8.7m)(40.1m)
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Net Income

(79.0k)4.0m5.2m352.0k1.8m2.1m(1.3m)(3.6m)(19.6m)

Depreciation and Amortization

462.0k972.0k1.6m779.0k1.6m2.7m1.2m2.4m3.5m

Accounts Payable

840.0k707.0k1.6m627.0k767.0k864.0k1.7m3.1m2.4m

Cash From Operating Activities

(7.0m)(13.3m)(21.3m)1.3m5.8m(35.6m)44.2m37.4m7.2m
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Xoom Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
BlueKiteJanuary 10, 2014$14.90 m

Xoom Online and Social Media Presence

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Xoom News and Updates

Xoom expands bank deposit service to South Korea

Xoom, PayPal’s international money transfer service, today announced that customers in the U.S., U.K...

PayPal-owned Xoom is launching sends from 32 European countries (XOOM, PYPL)

This is an excerpt from a story delivered exclusively to Business Insider Intelligence Payments & Commerce subscribers. To receive the full story plus other insights each morning, click here. PayPal-owned digital remittance firm Xoom is launching in 32 markets in Europe, including the UK, Ger…

PayPal launches international money transfer service Xoom across Europe

U.S. payments company PayPal is expanding further in Europe by launching its international money transfers service Xoom in Britain and 31 other countries across the continent.

PayPal launches Xoom in Canada

Today, PayPal launched Xoom, its international money transfer service in Canada.

PayPal brings Xoom money transfer service to Canada ahead of bigger global expansion

PayPal is opening its Xoom international money transfer service outside the U.S. starting with Canada. More markets will be added in the coming months.

PayPal's Xoom partners Ria to accelerate global expansion

Xoom, PayPal’s international money transfer service, today announced a partnership with Ria, a subsi...
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Xoom Frequently Asked Questions

  • When was Xoom founded?

    Xoom was founded in 2001.

  • Who are Xoom key executives?

    Xoom's key executives are Michael Romero, Jorge Guardia and Bobby Aitkenhead.

  • What is Xoom revenue?

    Latest Xoom annual revenue is $159.1 m.

  • Who are Xoom competitors?

    Competitors of Xoom include Skrill, Remitly and TransferWise.

  • Where is Xoom headquarters?

    Xoom headquarters is located at 425 Market Street, 12th Floor, San Francisco.

  • Where are Xoom offices?

    Xoom has an office in San Francisco.

  • How many offices does Xoom have?

    Xoom has 1 office.