ClassWallet Resources

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ClassWallet’s $1 Million Week: 10,536 Purchases Reconciled & Paid

ClassWallet reached a new milestone reconciling over 10,000 transactions in one week.  The 10,536 transactions totaled $1,012,841.59, with an average of $96.13 per transaction.  Included in this number are 3,669 reimbursement transactions.  For all purchases, customers did not have to collect a single piece of paper, reconcile an invoice or cut a check.  Our team estimates the man-hour cost savings to customers at over $1 million.

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Heritage Foundation Report Features ClassWallet as Pioneer in Financial Technology

As a financial technology company focused on saving time and money for the school business office, we are excited to be featured as a pioneer in financial technology in a recent Heritage Foundation Education Report.  In the report, Jonathan Butcher, Senior Policy Analyst for the Center for Education Policy, showcases trends in mobile money and digital wallets and explains how school districts can benefit from these new innovations.

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ClassWallet News: Districts Across the U.S. Adopt ClassWallet

ClassWallet is saving time for the school business office and streamlining the procurement workflow for districts throughout the United States.  63,000 teachers and principals in 2,000 schools use ClassWallet to automate processes for transactions, empowering business offices to reallocate precious resources from tracking and reconciling small dollar transactions to more impactful work.

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Financial Education for Students: District Grants from Discover

At ClassWallet we streamline the tracking and distribution of education funds.  Here on our blog we provide tips from financial experts to help you manage your district budget and cover financial information for the education world.  For this post we take a look at financial education for students and the pressing need for it through our chat with Matt Towson, Director of Community Affairs at Discover.

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Why Harrington Park School District Loves ClassWallet: #NYEdTechWeek Feature

There are some office facing solutions that are lights out that I love. The first group that I would talk about is ClassWallet. ClassWallet is a great business office solution and you say, “Wow that is so simple!” ClassWallet talks about student funds and accounts, field trips, things like that, and you go, ‘Oh my God that’s such a low hanging fruit.’ But everyone of us brings that brown envelope down to the office. It’s a nightmare. But ClassWallet digitizes it.

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ClassWallet Announces Minority Investment From Brentwood Associates

ClassWallet, a market-leading platform that streamlines the tracking of education funds, has closed a minority investment from Brentwood Associates (“Brentwood”).  Brentwood is a leading consumer-focused private equity investment firm that has made several investments in the education space.  ClassWallet represents the fifth education-related investment for Brentwood.  Several existing ClassWallet investors also participated in the funding round.

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Student-Based Budgeting: The Case for Transparency of District Funds Allocation

A shift is occurring in school districts across the United States, a shift from top down, centralized budgeting to student-based budgeting, also referred to as weighted student funding.  According to the American Legislative Exchange Council, weighted student funding is defined as “student funding from state sources. It includes additional funds, “weights,” based on percentages of foundation funding revenue to offset the higher education costs associated with certain student and school demographics.”

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