From the CEO
This pandemic has wreaked havoc on so many stakeholders in the education ecosystem, districts, schools, families, and ultimately our students.
I am grateful that ClassWallet has been part of the solution to remediate. Contracted by several states, ClassWallet has distributed $100 million to the neediest of families, easing the way for them to obtain vital educational services and resources while learning remotely.
It has been rewarding to witness how our financial technology can lower the administrative overhead for these state and federal programs, so assistance can reach its intended end-user with greater speed and efficiency.
ClassWallet Announces the Launch of MaintenanceWalletMaintenance and custodial operations in local education agencies face the same challenges in buying and paying for unplanned supplies as do teachers, lots of paperwork, manual processes and chasing staff down for receipts. MaintenanceWallet enables school maintenance crews and custodial staff to purchase supplies needed to close work orders, while providing facilities managers with complete oversight and eliminating paperwork. For more information about MaintenanceWallet, click here. MaintenanceWallet was the topic of two articles in the leading fintech news outlet PYMNTS.com:
Texas Education Agency Signs with ClassWallet for Its FamilyWallet ProductThe Texas Education Agency (TEA) selected ClassWallet and its FamilyWallet product to manage its new Supplementary Special Education Services (SSES) program for families of students with significant cognitive disabilities and impacted by COVID-19 schooling disruptions. Under the program, nearly 59,000 qualified students statewide are eligible to receive a one-time grant of up to $1,500, capped at $30 million, for the purchase of a broad range of educational resources and services. Texas joins Oklahoma and Idaho as states using the FamilyWallet product to bring relief to families impacted by Covid. For more information click here.
ClassWallet Fields Demand to Manage Emergency Assistance for Non-Public Schools (EANS) State ProgramsThe Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (CRRSA Act) provides $2.75 billion for the Emergency Assistance for Non-Public Schools (EANS) program, which is part of the Governor's Emergency Education Relief Fund. Faced with challenges in how to operationalize the program, multiple state education agencies have turned to ClassWallet for solutions. To learn more click here
New Mexico Association of Business Officers(NMASBO)2021 Virtual Winter Conference, February 6 - 19th, 2021
ClassWallet addresses the pain of managing checks, reimbursements, paper receipts, and the paperwork associated with tracking expenditures for school systems. The platform makes the accounting and audit trail very easy and helps reduce administrative costs.