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Company Description (as filed with the SEC)
Xoom is a leader in the digital consumer-to-consumer international money transfer industry. Our customers use Xoom to send money to family and friends in 31 countries. The traditional global money transfer market is highly fragmented and is primarily based on antiquated technology, with the majority of offline money transfers relying on physical infrastructure. In contrast, our modern digital platforms disrupt the traditional forms of money transfer and deliver our customers a convenient, fast and cost-effective way to send money. Our typical customers left their home countries and moved to the United States to seek better employment opportunities and to support their family and friends back home. Our customers represent a broad range of professions and education levels, but share common traits in that they have bank accounts and actively use the Internet or mobile devices. ... More ...
|Annual EPS Est:||$0.17|
|Quarterly EPS Est:||-0.08|