Emerging Trends and Challenges
FTPartnersResearch-GlobalMoneyTransferTrends
FTPartnersResearch-GlobalMoneyTransferTrends
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“<strong>Emerging</strong> Consumer Remittance Providers”<br />
Selected Company Profiles (cont.)<br />
Products & Services Overview<br />
CEO:<br />
Headquarters:<br />
Acquired by<br />
Company Overview<br />
John Kunze<br />
San Francisco, CA<br />
Founded: 2001<br />
• Xoom Corporation is a prominent digital money transfer<br />
provider that targets consumers who need to transfer money<br />
from the US to any of 33 countries<br />
‒ The Company serves people in the United States that<br />
need to make payments or reload mobile phones for<br />
their friends <strong>and</strong> family in another country<br />
‒ Primary countries served by Xoom include China, India,<br />
Mexico <strong>and</strong> the Philippines among others<br />
• Xoom provides its platform through desktops, its mobile site<br />
<strong>and</strong> mobile app<br />
Transaction History<br />
Date $ mm Type Acquirer / Investor (s)<br />
07/01/15 $890 M&A PayPal<br />
01/11/13 101 IPO Public<br />
Transparent Costs – Low fees <strong>and</strong> locked-in exchange<br />
rates allow customers to know the amount each transaction<br />
will cost them before they execute them<br />
Text Updates – Text message updates keep the user in the<br />
loop about each transfer, giving them peace of mind<br />
throughout the process<br />
Mobile Platform – Mobile app <strong>and</strong> website allow users to<br />
send money at home or on the go quickly <strong>and</strong> easily<br />
Pay Bills – Xoom now offers remote bill payment in Mexico<br />
<strong>and</strong> Central America for electricity, phone, gas <strong>and</strong> more<br />
Phone Reload – Reload prepaid phones in moments from<br />
anywhere at anytime<br />
Revenue Composition by Country<br />
India Philippines Mexico All Other<br />
11/22/11 25 Financing<br />
03/23/10 33 Financing<br />
09/28/07 20 Financing<br />
Sequoia Capital; New Enterprise<br />
Associates; DAG Ventures;<br />
Northgate Capital<br />
C2 Capital; Glynn Capital<br />
Management<br />
Volition Capital; DAG Ventures;<br />
Sequoia Capital; NEA<br />
2013<br />
2012<br />
33%<br />
25%<br />
27%<br />
35%<br />
17%<br />
14%<br />
23%<br />
26%<br />
06/19/06 15 Financing<br />
Volition Capital; NEA ; Sequoia<br />
Capital; SVB Capital<br />
Source: Company website, FT Partners proprietary database, Capital IQ, Crunchbase.<br />
2011<br />
15%<br />
42%<br />
14%<br />
29%<br />
56
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