From the CEO
ClassWallet is excited to have closed its recent Series Seed round led by Idea Bulb Ventures with participation with Techstars Ventures. The financing comes in the midst of a great deal of momentum for the Company. We are finding a growing trend of organizations abandoning debit cards for the ClassWallet solution. We have already doubled the number of users from last year and we are not even halfway through the year. As the new school year is fast approaching, ClassWallet has seen sales and interest accelerate. The word is spreading fast and we are excited about the summer months ahead.
ClassWallet Enlists More School Districts, Schools and FoundationsMarion County Public Schools, Avant Garde Academy and Portage Township Education Foundation join a growing list of organizations signing up for ClassWallet. While each one is a distinct type of organization, all have the same problem of tracking purchases, previously using mostly paper-based, manual processes.
Many Organizations Abandoning Debit Cards for ClassWalletMany of ClassWallet customers used debit cards to track spending prior to switching to ClassWallet. The problem: debit cards still entail mountains of paperwork. Debit card statements provide merchant-level reporting, but the organizations still track down paper receipts to ensure the purchases were proper. Customers have been drawn to the fact that ClassWallet provides automated SKU-level reporting of each purchase eliminating the need for manual review of paper receipts.
ClassWallet CEO to Address Startup Acceleration Forum and Future of Education Finance SummitWith industry leading startups like Magic Leap, Modernizing Medicine, and Open English, South Florida is growing quickly as destination for innovative startups. Recognizing ClassWallet as a rising star in the South Florida startup ecosystem, CEO Jamie Rosenberg joins the lineup at the Startup Acceleration Forum in Miami June 8th. Soon thereafter, Jamie will be addressing the Future of Education Finance Summit in Baltimore, which is bringing together the leading and most innovative financial technology companies serving the K12 Education market.
Come Find Us. We're Around.Startup Acceleration Forum Miami, FL June 8 - 9 Florida School Boards Association Annual Conference Tampa, FL June 9 - 10 New York State Association of School Business Officers Education Summit and Expo Saratoga Spring, NY June 13 - 15 Florida School Finance Officers Association Ponte Vedra Beach, FL, June 21 -24 Future of Education Finance Summit Baltimore, MD July 22
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.