Christopher Ferro parlayed his run as corporate counsel at PayPal during its early days to a general counsel position at money transfer startup Xoom.
March 22, 2013 at 12:34 AM
1 minute read
Online money transfer company Xoom Corp. is coming off one of the hottest market debuts of the year.
The San Francisco-based company has had several years of rapid growth as it taps into the worldwide remittance market. Revenue jumped from $50 million to $80 million between 2011 and 2012. It is still not profitable, as it continues to reinvest the revenue in its business, but the company’s losses remain stable.
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