From the CEO
July marked another great month for ClassWallet. Three organizations – the Education Foundation of Martin County, the Education Foundation of Palm Beach County and the Foundation for Newark’s Future – signed with ClassWallet to distribute funding to the schools, teachers and programs they serve. ClassWallet was awarded top prize at the Education Industry Association Innovation Lab; and lastly, we closed our seed round of financing which included many great investors. We couldn’t be more excited by all this momentum going into the 2015/16 school year.
ClassWallet Wins Education Industry Association Innovation Lab Top Prize!The Education Industry Association, the leading professional association of education service providers, honored ClassWallet with its Innovation Lab top prize at its annual conference in July.
PYMNTS.COM Interviews ClassWallet President Neil SteinhardtPYMTS.com is one of the leading financial technology blogs. On July 29th, it interviewed ClassWallet President Neil Steinhardt about ClassWallet’s innovative delivery of financial technology to education. Click here to read the entire interview.
ClassWallet Closes $1.9 Million Seed Round of FinancingWe are excited to have closed our $1.9 million seed round of financing and to have such great investors as NewSchools Venture Seed Fund, Kaplan Ventures, Corigin Ventures, MaverixLabs,and AGP Miami. The announcement of our close was covered by a wide range of media including CNBC, Fortune, EdSurge and PYMTS.com. Click here for the full press release.
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.