Xoom, a US-based money transfer service, has reportedly filed for an initial public offering.
The company has confidentially filed with US regulator Securities and Exchange Commission, and has hired US-based bank Goldman Sachs as lead underwriter, according to news provider Reuters.
Last year US-based online money transfer service Xoom secured $25m in financing on Monday from existing investors.
Signatories of the the filing included executives from Volition Capital (formerly Fidelity Ventures, a corporate venturing division of financial services corporation Fidelity Investments, before its independence), as well as venture capital firms Sequoia Capital and New Enterprise Associates.
Xoom’s investors also include SVB Capital, the private equity division of the Silicon Valley Bank, and VC partnership DAG Ventures, though it is unclear whether either were involved in the latest funding round.
Xoom’s series F round in March 2010 raised $33.3m. The 2011 investment took Xoom’s overall funding to $102m since it was founded in 2001.