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Xoom Launches Money Transfer Services to Any Bank Account in Canada

SAN FRANCISCO, CA, November 12th, 2007 - Xoom.com, the fastest growing online money transfer company, today announced the launch of money transfer services to Canada. Consumers can now send money to any bank account at any bank in Canada. The money is deposited directly into the receiver's account, making it convenient for the receiver to get the money.

"Xoom.com provides customers with a faster and more convenient way to send money to Canada. With Xoom.com's global money transfer service, consumers can now transfer money to any bank account in Canada with just a few clicks," said Julian King, Xoom SVP of Marketing and Product.

Sending money with Xoom.com to any bank account in Canada is simple. Consumers can visit Xoom.com's secure website at www.xoom.com, enter sender information, recipient information including bank account details, and the amount to send. To fund the transaction, consumers can use a bank account, credit/debit card or PayPal.

Julian King added, "With Xoom.com, you can send money to Canada without waiting in line at the bank. Consumers can send money from the convenience of any computer directly to ANY bank account in Canada. The money is deposited into the receiver's bank account - just like a wire transfer, without the lines, and for a lot less."

Xoom.com money transfers to Canada start at $4.99. Xoom.com uses state-of-the-art technology and proprietary fraud detection mechanisms to ensure that its customers' financial transactions and personal information are secure.

About Xoom.com

Xoom.com allows individuals to send money from any Internet-enabled computer to family, friends and businesses worldwide. Xoom Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates, and Fidelity Ventures. For more information about the Xoom.com money transfer service to Canada, visit http://www.xoom.com/canada.