Press Releases

ClassWallet Appoints Stephen Lindeman as Chief Operating Officer

MIAMI, December 5, 2023 – Stephen Lindeman, a senior operations and strategic governance expert with more than 35 years of broad technology and enterprise software experience, has been appointed COO at ClassWallet – a new position for the rapidly growing company. He joins ClassWallet at an exciting inflection point for the company as it focuses … Continue reading “ClassWallet Appoints Stephen Lindeman as Chief Operating Officer”

ClassWallet Ranks Number 114 on the 2023 Deloitte Technology Fast 500 Fastest-Growing Companies in North America

MIAMI, November 8, 2023 – ClassWallet has placed number 114 on the Deloitte Technology Fast 50™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America. Marking its second year on the list, ClassWallet grew 1,263%, rising 41 places from last year’s ranking. ClassWallet was one … Continue reading “ClassWallet Ranks Number 114 on the 2023 Deloitte Technology Fast 500 Fastest-Growing Companies in North America”

Fintech Pioneer Anil Arora Joins ClassWallet’s Board of Directors

MIAMI, November 6, 2023 – Anil Arora, a fintech industry pioneer and a highly successful business executive in the technology, financial services and consumer goods industries, has been appointed to ClassWallet’s board of directors. Arora, currently the senior partner and board member at The Tifin Group, brings more than 25 years of executive leadership and … Continue reading “Fintech Pioneer Anil Arora Joins ClassWallet’s Board of Directors”

MichaelsPro Education Joins ClassWallet’s Online Marketplace

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”

ClassWallet Ranks Number 477 on the Inc. 5000 List of Fastest-Growing Private Companies in the U.S.

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.”

ClassWallet Closes $95 Million Funding Round to Continue Reshaping the Way State and Local Government Agencies Do Business

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”

ClassWallet Adds Best Buy to its Online Marketplace

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”

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 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”

ClassWallet Announces Significant Minority Growth Partnership with Guidepost Growth Equity

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”

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

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”

ClassWallet Ranks No. 46 on Inc. Magazine’s List of Fastest-Growing Private Companies in the Southeast Region For Second Consecutive Year

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”