The SVB-backed online money transfer company has raised another $25m from existing investors, with an executive from the former Fidelity Ventures among the deal's signatories.
US-based online money transfer service Xoom secured $25m in financing on Monday from existing investors. Xoom did not disclose the identity of the investors but signatories on the filing indicate participation from Volition Capital (formerly Fidelity Ventures), a corporate venturing division of financial services corporation Fidelity Investments, as well as venture capital (VC) firms Sequoia Capital and New Entreprise Associates.
Xoom’s investors also include SVB Capital, the private equity division of the Silicon Valley Bank, and VC partnership DAG Ventures,…
