Press Releases

MIAMI, September 14, 2023 – ClassWallet has expanded its integrated online marketplace of top retailers and service providers to include a broad array of arts and crafts and other supplies from MichaelsPro™ Education. ClassWallet, the leading purchasing and distribution platform for public funds, operates a comprehensive ecommerce marketplace for educators, schools and families. The online … Continue reading “MichaelsPro Education Joins ClassWallet’s Online Marketplace”

Second Consecutive Year of Recognition Marked by 1,217% Three-Year Revenue Growth MIAMI, August 15, 2023 – Inc. Magazine has named ClassWallet as the 477th fastest-growing private company in America on its 2023 Inc. 5000 ranking revealed today. It’s the second consecutive year ClassWallet has made the list, rising 302 positions from number 779 in 2022. … Continue reading “ClassWallet Ranks Number 477 on the Inc. 5000 List of Fastest-Growing Private Companies in the U.S.”

Miami, August 15, 2023 – ClassWallet, the leading digital wallet-based purchasing and reimbursement platform for public funds, announced today it closed its first institutional growth capital funding round of $95 million. Guidepost Growth Equity led the raise which included Education Growth Partners (EGP) and Lazard Family Office Partners. The investment builds on ClassWallet’s rapid growth … Continue reading “ClassWallet Closes $95 Million Funding Round to Continue Reshaping the Way State and Local Government Agencies Do Business”

MIAMI, July 11, 2023 – ClassWallet, the leading digital wallet purchasing and distribution platform for public funds, has added consumer electronics retailer Best Buy to its Ecommerce Marketplace. The ClassWallet Ecommerce Marketplace offers a vast selection of resources including lesson plans, educational software, learning materials and professional development courses. The platform employs a simplified process … Continue reading “ClassWallet Adds Best Buy to its Online Marketplace”

MIAMI and RICHMOND, Va., March 16, 2023 – The Virginia Department of Education (VDOE) has chosen ClassWallet to track, report and facilitate the distribution of up to $30 million in Emergency Assistance for Non-Public Schools (EANS) Funds for K-12 Learning Recovery Grants to families to offset the effects of student learning loss caused by the … Continue reading “Virginia Department of Education Selects ClassWallet to Distribute Up to $30 Million in Federal EANS Funds for K-12 Learning Recovery Grants to Eligible Families”

MIAMI, March 21, 2023 – ClassWallet, a leading digital wallet purchasing and reimbursement platform for public funds, today announced it has received a significant minority growth investment from Guidepost Growth Equity. This partnership will further enhance the Company’s ability to help state agencies and educational institutions address the growing fiduciary burden associated with the control … Continue reading “ClassWallet Announces Significant Minority Growth Partnership with Guidepost Growth Equity”

Contract marks the company’s entry into the early child care and pre-school market MIAMI and ATLANTA, March 2, 2023 – The Georgia Department of Early Care and Learning (DECAL) has turned to ClassWallet to track, report and facilitate distribution of some $140 million in four grant programs funded by the federal Child Care and Development … Continue reading “Georgia Department of Early Care and Learning Selects ClassWallet to Distribute Up to $140 Million in Federal Child Care and Development Funds for Four Grant Programs”

Company Named to List for Second Year with Two-Year Revenue Growth of 513% MIAMI, February 28, 2023 – Inc. Magazine today named ClassWallet as number 46 on its Inc. 5000 Regionals Southeast list, the most prestigious ranking of the fastest-growing private companies based in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Puerto Rico, South Carolina … Continue reading “ClassWallet Ranks No. 46 on Inc. Magazine’s List of Fastest-Growing Private Companies in the Southeast Region For Second Consecutive Year”

MIAMI, Nov.16, 2022 – ClassWallet has ranked number 155 on the Deloitte Technology Fast 500TM, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America, now in its 28th year. ClassWallet grew 931% during the three-year 2018 to 2021 fiscal year period. Just 15 of the … Continue reading “ClassWallet Ranked Number 155 Fastest-Growing Company in North America on the 2022 Deloitte Technology Fast 500”

MIAMI, Oct. 12, 2022 /PRNewswire/ — ClassWallet, the leading digital wallet technology for K-12 education and state government agencies, enjoyed significant growth in its 2022 fiscal year ending July 31, 2022, booking more than $1 billion in business, transaction volume increase of 158% and a more than doubling of revenue. “Despite the uncertainties of the … Continue reading “ClassWallet Continues Strong Growth in 2022 Booking Over $1 Billion in Business and a More Than Doubling of Revenue”

MIAMI and OLYMPIA, Wash., September 12, 2022 – Washington State has selected ClassWallet to help it track, report and facilitate the distribution of $3.8 million in federal Emergency Assistance for Non-public Schools (EANS II) program funds for the purchase of resources to offset education disruptions caused by COVID-19. The ClassWallet spend management platform will enable … Continue reading “ClassWallet Awarded Contract from Washington State to Assist in Distribution of Federal EANS II Program Funds for Non-Public Schools”

MIAMI and JEFFERSON CITY, Mo., July 6, 2022 /PRNewswire/ — The Missouri Department of Elementary and Secondary Education (DESE) and the Missouri State Treasurer’s Office have each selected ClassWallet’s digital wallet and accounts payable platform to track, report and facilitate the distribution of funds for two educational support programs that will benefit non-public schools and … Continue reading “Missouri Department of Elementary and Secondary Education and the Missouri State Treasurer’s Office Select ClassWallet to Distribute Grant Funds to Non-Public Schools and Families”