Xoom Corporation was founded in 2001 by Alan Braverman and Kevin Hartz,[1] with its headquarters in San Francisco, California.

[2] In June 2010, Xoom was cited in a study by the Inter-American Dialogue of 79 remittance service providers, as having amongst the highest consumer satisfaction ratings.

[4][5] In October 2012, in a follow-up survey by the Inter-American Dialogue of 51 remittance service providers for the US to Latin America market, ranked Xoom top for fees charged and countries served.

[6] On September 28, 2007, Xoom closed a first E-series round of financing for $20 million.

[8] In November 2015, PayPal acquired Xoom for $25 a share, to a total of about $1.09 billion.