Press Releases

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”

MIAMI, August 16, 2022 – Inc. Magazine today named ClassWallet as number 779 on its Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies based in the U.S. ClassWallet earned this recognition by achieving 916% revenue growth between 2018 and 2021 while increasing its employee headcount from 23 to 84. In Inc. … Continue reading “With Three-Year Revenue Growth of 916%, ClassWallet Ranks No. 779 on Inc. Magazine’s List of Fastest-Growing Private Companies in the U.S.”

MIAMI and LADY’S ISLAND, S.C., Aug. 8, 2022 /PRNewswire/ — Cary Schoener, an education sales and market development specialist with more than two decades’ industry experience, has been appointed vice president, Business Development, Government at ClassWallet. In his position, Schoener will be responsible for the company’s go-to-market strategy for its government sales division. Previously, he … Continue reading “ClassWallet Appoints Cary Schoener as Vice President, Business Development”

MIAMI and INDIANAPOLIS, Aug. 9, 2022 /PRNewswire/ — Indiana has selected ClassWallet to help it track, report and facilitate distribution of $87 million in federal and state funds to non-public school students and their families, as well as families of special education students, impacted by COVID-19 learning disruptions. The first program, called The Indiana Education … Continue reading “Indiana Turns to ClassWallet to Track, Report and Distribute Funds from Federal EANS II and State ESA Programs for Non-Public School Students and their Families”

MIAMI, March 15, 2022 /PRNewswire/ — Inc. Magazine today named ClassWallet as number 33 on its third annual 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 and Tennessee. Born from the annual Inc. 5000 franchise, the … Continue reading “With a Two-Year Revenue Growth of 377%, ClassWallet Ranks No. 33 on Inc. Magazine’s List of the Southeast Region’s Fastest-Growing Private Companies”

MIAMI and LANSING, Mich., Nov. 30, 2021 /PRNewswire/ — ClassWallet has been selected by the Michigan Department of Education to distribute up to $173 million in federal EANS funds to non-public and private schools to help offset the educational disruption caused by COVID-19. The three-year contract provides access to ClassWallet’s accounts payable automation platform to school administrators throughout the state. Each will receive … Continue reading “ClassWallet Selected by Michigan Department of Education to Support Distribution of EANS Funds to Non-Public Schools to Help Offset Educational Disruptions Caused by COVID-19. Participating Schools to Receive Share of Up to $173 Million in Funds from Coronavirus Response and Relief Supplemental Appropriations Act of 2021 and American Rescue Plan Act.”

MIAMI, Oct. 4, 2021 /PRNewswire/ — ClassWallet, the leading digital wallet technology for K-12 education, experienced record-breaking growth in its 2021 fiscal year ending July 31 with a more than sevenfold increase in gross business, triple digit growth in both transaction volume and revenues, a significant number of federal, state and district contracts and a nearly tripling of staff requiring … Continue reading “ClassWallet Achieves Significant Growth in 2021 Fiscal Year with 700% Increase in Business and Triple Digit Increases in Transaction Volume and Revenue”

MIAMI and CONCORD, N.H., Sept. 13, 2021 /PRNewswire/ — Children’s Scholarship Fund, which administers the education tax credit scholarships for New Hampshire students – including low- and moderate-income families – has selected ClassWallet to process payments and provide the digital wallet and payment platform  for the state’s Education Freedom Account (EFA) program. The new program is designed to help expand educational opportunities for New Hampshire children. Beginning … Continue reading “New Hampshire’s Children’s Scholarship Fund Selects ClassWallet to Provide Digital Wallet Technology for Statewide Education Freedom Accounts”

MIAMI and ATLANTA, Aug. 2, 2021 /PRNewswire/ — ClassWallet will distribute grants from the Centers for Disease Control and Prevention (CDC) to schools in Georgia that are  voluntarily opting into the Epidemiology Laboratory Capacity (ELC) Reopening Schools Program. The program will help offset direct and indirect costs associated with COVID-19 testing for faculty and staff, students and those involved in school athletic programs. … Continue reading “ClassWallet Selected To Support Reopening Schools Program In Georgia”

MIAMI and SANTA FE, N.M., July 12, 2021 /PRNewswire/ — The New Mexico Secretary of Education has awarded a contract to ClassWallet to implement its innovative TeacherWallet fintech spending management platform for teachers helping to transition special education students back into regular classroom routines for the 2021-22 school year. TeacherWallet will enable the New Mexico Public Education Department to provide special education … Continue reading “New Mexico Selects the TeacherWallet Spending Management Platform to Distribute Funds to Help Transition Special Education Students Back into Regular Classroom Routine”