Xoom Webagent – international money transfer system

Another player in this field with an impressive list of countries, although its hard to tell how many actual endpoints they have set up at this point.  One to watch in this niche space, that includes, CitiBank, Paypal, & Moneygram.

Finextra: Xoom raises $15m; introduces WebAgent remittance system

San Francisco-based money transfer outfit Xoom has raised $15 million in a funding round led by Boston-based Fidelity Ventures and including previous investors Sequoia Capital, New Enterprise Associates and SVB Capital.

Commenting on the new service, the vendor’s newly-appointed senior vice president Gene Gutierrez – an ex-senior banker who helped build the global remittance division at Wells Fargo – says: “Xoom’s turn-key global remittance service is the first of its kind.  Retailers and financial services companies can now launch new money transfer services in record time while remaining in control of branding and pricing.”