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About X.com - In The News
The Internet has made traditional ways of managing money nearly obsolete. Already, thousands of people enjoy the benefits of low-cost online trading, thousands more save money through online insurance rate research and financial planning -- but millions of people still pay brick-and-mortar banks for expensive branches and tellers, when they are more intimate with the corner ATM.
X.com's mission, as a purely Internet-based company with no branches and no old, expensive-to-maintain computer infrastructure, is to put those banking fees and hidden charges back into the pockets of our customers, while also providing low-cost solutions for personal investing, insurance, and financial planning. X.com will be the seamless solution for personal finance management.
X.com is the second Internet company of entrepreneur Elon Musk, 28, who sold his first company, Zip2 Corp., to Compaq Computer for more than US$300 million earlier this year. Elon founded X.com in April 1999 and assembled a world-class team of financial services, engineering, and Web development professionals to develop his vision of low-cost, high-tech personal finance management. In addition to funding from the company's founder, X.com is backed by one of the top venture capital firms in the country.
The roll out of X.com will happen in phases. Initially X.com will offer a full suite of online banking services as well as the opportunity for our customers to invest in X.com Funds -- a low-cost family of index mutual funds. However, our proprietary technology platform will allow us to continually evolve and add new features to our website aimed to simplify and consolidate your personal finance management.
Thanks for your interest, and we look forward to introducing you to X.com.
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X.com Corporation © 1999
394 University Avenue Palo Alto, CA 94301
Phone: (650) 833-5460 Fax: (650) 833-5470
Email: info@x.com |
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