ClassWallet News

South Florida Scaleup ClassWallet Raises $95M To Continue Reshaping How Public Agencies Do Business

From "Refresh Miami" | Nancy Dahlberg | Published August 15, 2023 After several years of doubling and tripling its business, ClassWallet, the digital wallet-based purchasing and reimbursement platform for public funds, announced today it closed a growth funding round of $95 million. "ClassWallet has fundamentally transformed the way state agencies and school districts disburse funds, … Continue reading “South Florida Scaleup ClassWallet Raises $95M To Continue Reshaping How Public Agencies Do Business”

Washington’s Tech Play to Streamline School Relief Distribution

From "Government Technology" | News Staff | September 27, 2022 The state has partnered with the financial technology company ClassWallet to help manage the distribution of federal relief funds given to private and other nonpublic schools, an announcement said. Washington state officials have partnered with the fintech platform ClassWallet to help distribute $3.8 million in … Continue reading “Washington’s Tech Play to Streamline School Relief Distribution”

Now with 160 employees, ClassWallet sees 916% 3-year growth. That’s ‘just scratching the surface’

From “Refresh Miami” | Riley Kaminer | September 1, 2022 Hollywood-based ClassWallet helps teachers, maintenance crews, and families get access to the capital they need – so schools can worry less about accounts payable and more on educating the next generation of Americans. Their platform eliminates the manual aspects of purchasing, digitizing the paper trail … Continue reading “Now with 160 employees, ClassWallet sees 916% 3-year growth. That’s ‘just scratching the surface’”

ClassWallet Signs String of New State Contracts

From ‘Payments Dive’ | Jonathan Berr | Published July 19, 2022 Demand for ClassWallet’s education digital payments tools increased during the coronavirus pandemic, and that rise has continued this year in the company’s signing of new state contracts. Demand for education technology surged during the coronavirus pandemic, when school districts sought funding to combat “learning … Continue reading “ClassWallet Signs String of New State Contracts”

Minnesota Department of Education Selects ClassWallet to Distribute Federal EANS and ELC Funds to K-12 Schools to Help Offset Pandemic-Related Disruptions and Support COVID-19 Testing Programs

MIAMI and ROSEVILLE, Minn., Feb. 15, 2022 /PRNewswire/ — The Minnesota Department of Education has selected ClassWallet to distribute up to $55 million from two federal funding programs to help kindergarten through 12th grade schools manage the continuing disruptions caused by COVID-19. The first program, funded with up to $40 million in Emergency Assistance for … Continue reading “Minnesota Department of Education Selects ClassWallet to Distribute Federal EANS and ELC Funds to K-12 Schools to Help Offset Pandemic-Related Disruptions and Support COVID-19 Testing Programs”

N.H.’s ‘Education Freedom Accounts’ Program Partners With National Firm To Administer Money

New Hampshire Public Radio | By Ethan DeWitt – New Hampshire Bulletin Published September 14, 2021 at 10:48 AM EDT New Hampshire’s new program allowing eligible families to pay for private school expenses using public funds continues to see unexpectedly high take-up. This story was originally published by New Hampshire Bulletin. Now, as the state gears up to … Continue reading “N.H.’s ‘Education Freedom Accounts’ Program Partners With National Firm To Administer Money”

New Hampshire’s Department of Education Picks ClassWallet to Administer its ReKINDling Curiosity Program

Innovative Program to Use Federal Funds to Help Children Attend Summer Camp Programs in Order to Shake Off Social, Emotional and Mental Stresses Caused by COVID-19 Disruptions MIAMI and CONCORD, N.H., April 13, 2021 – The State of New Hampshire’s Department of Education has selected Miami-based ClassWallet to administer its highly innovative ReKINDling Curiosity Program. The program … Continue reading “New Hampshire’s Department of Education Picks ClassWallet to Administer its ReKINDling Curiosity Program”

ClassWallet Unveils Expense Tool For School Maintenance

Miami-based FinTech ClassWallet has grown its classroom expense management offering to help with the requirements of custodial and maintenance workers in primary and secondary schools, according to a Monday (Jan. 25) announcement. “We’re making it easier for school employees charged with maintaining school facilities to obtain the supplies they need while automating the reconciliation of … Continue reading “ClassWallet Unveils Expense Tool For School Maintenance”