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Xoom Named to the Wall Street Journal’s Top 50 Venture Backed Companies of 2011

Over 5,000 companies considered for annual “Hot List”

SAN FRANCISCO, March 14, 2011 - Today, Xoom.com, the fastest growing online money transfer company, is pleased to announce the inclusion of Xoom in the Wall Street Journal’s 2011 list of Top 50 venture backed companies.

Some 5,743 candidates were considered from a list compiled by VentureSource, a Dow Jones Company. To be eligible for the list, companies must have received an equity round of financing in the past three years and be valued at less than $1 billion.

“We are excited to see the inclusion of Xoom.com in this year’s list. This announcement demonstrates the confidence that our partners, customers and the market continue to place in our business.” said Xoom CEO John Kunze. 

“The past year has been a year of both growth and innovation of the Xoom service. We launched 6-hour door-to-door delivery to the Philippines, expanded our cash pickup and bank deposit network to Brazil with Banco Itaú, to Mexico with Banamex, and to the Philippines with BDO, BPI and PNB, added less-than-1-hour bank transfers to the United Kingdom, and were named the best money transfer company  according to a study by the Inter-American Dialogue,” said Kunze.

For more information about the Xoom.com money transfer service, customers can visit the xoom.com website, call 1-877-815-1531 (toll free) anytime or +1 415-395-4225 for customer service in English, Spanish or Tagalog, or send e-mail to Xoom customer service 24 hours a day, 7 days a week by visiting the Xoom Customer Service Help Center.

About Xoom.com

Xoom.com enables individuals to send money from any Internet-enabled computer to family and friends. Xoom Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures. Visit www.xoom.com today to learn more about the Xoom money transfer service.