NASDAQ Welcomes Pioneer in International Money Transfer, Xoom Corporation, to the NASDAQ Global Select Market
Xoom is a pioneer and leader in the online consumer-to-consumer international money transfer industry. Through extensive partnerships with major banks and leading retailers, Xoom has created a global disbursement network stretching across 30 countries and delivers high-quality service through regionally-recognized, trusted brands. Xoom technology enables easy-to-use online and mobile sender interfaces, effective risk management and seamless integration with their disbursement partners’ systems. Since January 2008, $6.6 billion dollars has been sent using the company’s platform.
“Xoom has redefined the online and mobile payment industries and has made it convenient, fast and cost-effective for customers to transfer money around the globe,” said Bob McCooey, Senior Vice President, NASDAQ OMX Corporate Client Group. “NASDAQ is proud to welcome the world’s greatest innovators to our markets, and we look forward to supporting Xoom and its shareholders in its endeavors as a publicly listed company.”
Since its inception, NASDAQ has consistently been the exchange of choice for innovative and progressive information technology companies like Xoom. In total, NASDAQ is home to 75% of all info tech companies listed on US exchanges.
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Xoom is a global online money transfer provider, focused on helping consumers send money in a secure, fast and cost-effective way using their mobile phone, tablet or computer. During the 12 months ended December 31, 2012, Xoom’s more than 750,000 active customers sent more than $3.2 billion to family and friends in 30 countries worldwide. The company is headquartered in San Francisco and can be found online at www.xoom.com.
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