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Xoom.com Launches Money Transfer Services to any Bank in Austria, Belgium, Finland, France, Greece, Ireland, Italy, Netherlands, Portugal, Spain and Slovenia

SAN FRANCISCO, CA—August 13, 2008 - Xoom.com, the fastest growing online money transfer company, announced the launch of money transfer services to Austria, Belgium, Finland, France, Greece, Ireland, Italy, Netherlands, Portugal, Spain and Slovenia. Consumers can now send money to any Euro denominated bank account at any bank in these countries. With a direct deposit money transfer, receivers can now conveniently access their funds directly from their bank account.

“Xoom.com is delighted to continue expanding operations to countries worldwide, ensuring a fast, convenient and low cost money transfer service to consumers across the world. With Xoom.com global money transfer service, consumers can now send money to any Euro denominated bank account in these eleven European countries with just a few clicks," said Julian King, Xoom.com Senior Vice President of Marketing and Corporate Development

Sending money with Xoom.com to any bank account is simple. Consumers can visit the Xoom.com website at www.xoom.com, enter sender information, recipient information including bank account details, and the amount of money to send. To fund the money transfer, consumers can use a bank account, credit card, debit card or Paypal.

Julian King added, “With Xoom.com, you can send money without waiting in line at the bank and you are not restricted by the bank’s hours of operation. Consumers can send money from the convenience of the internet directly to any bank account. The money is deposited into the receiver’s bank account – just like a wire transfer, but without the lines, and for a lot less.”

Xoom.com money transfers to Austria, Belgium Finland, France, Greece, Ireland, Italy, Netherlands, Portugal, Spain and Slovenia start at $4.99. Xoom.com uses state-of-the-art technology and proprietary fraud detection mechanisms to secure its customer’s financial transactions and personal information.

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.