Over 3600 schools use ClassWallet to automate processes for transactions for nearly 170,000 teachers and principals, freeing up hundreds of thousands of man hours.
We have a suite of solutions:
TeacherWallet
A virtual wallet for teachers to purchase classroom supplies via:
- Virtual wallet
- Integrated e-commerce marketplace
- Reimbursement management
MaintenanceWallet
A virtual wallet for maintenance crews to quickly buy the supplies they need, via:
- Virtual wallet
- Purchase card
- Integrated e-commerce marketplace
FamilyWallet
A virtual wallet for grant and scholarship recipients to pay for tuition, goods and services via:
- Virtual wallet
- DirectPay
- Integrated e-commerce marketplace
Used by:
- K-12 Education
- Public sector
- Nonprofit
Features:
- Virtual wallet that enables organizations to fund users electronically
- Integrated e-commerce marketplace curated with merchants designed specifically for the organization and user needs
- Fully integrated reimbursement management that allows users to request reimbursement via ACH while providing digital copies of receipts
- DirectPay online ACH billpay that enables users to initiate payments to service providers
- Purchase card that is reloadable with features that limit use to specific whitelisted vendors, spending limits, and digital receipt capture with data
- Approval workflow
- Reporting
- Data integrates with all accounting systems
- Mobile user interface
We have a suite of solutions:
TeacherWallet
A virtual wallet for teachers to purchase classroom supplies via:
- Virtual wallet
- Integrated e-commerce marketplace
- Reimbursement management
MaintenanceWallet
A virtual wallet for maintenance crews to quickly buy the supplies they need, via:
- Virtual wallet
- Purchase card
- Integrated e-commerce marketplace
FamilyWallet
A virtual wallet for grant and scholarship recipients to pay for tuition, goods and services via:
- Virtual wallet
- DirectPay
- Integrated e-commerce marketplace
Used by:
- K-12 Education
- Public sector
- Nonprofit
Features:
- Virtual wallet that enables organizations to fund users electronically
- Integrated e-commerce marketplace curated with merchants designed specifically for the organization and user needs
- Fully integrated reimbursement management that allows users to request reimbursement via ACH while providing digital copies of receipts
- DirectPay online ACH billpay that enables users to initiate payments to service providers
- Purchase card that is reloadable with features that limit use to specific whitelisted vendors, spending limits, and digital receipt capture with data
- Approval workflow
- Reporting
- Data integrates with all accounting systems
- Mobile user interface
Location: United States
Employees: 11-50
Phone: +1 877-969-5536
Total raised: $99.94M
Founded date: 2014
Investors 7
| Date | Name | Website |
| - | Miami Ange... | miamiangel... |
| - | Techstars | techstars.... |
| 08.11.2020 | RAINFALL V... | rainfall.c... |
| - | Alpaca VC | alpaca.vc |
| - | LearnStart | learnstart... |
| - | Brentwood ... | brentwood.... |
| - | Florida Fu... | floridafun... |
Funding Rounds 4
| Date | Series | Amount | Investors |
| 21.08.2023 | - | $95M | Guidepost ... |
| 07.05.2018 | - | $2.3M | - |
| 08.03.2018 | - | $735K | - |
| 13.07.2015 | Seed | $1.9M | - |
Mentions in press and media 38
| Date | Title | Description |
| 08.05.2026 | Governor Ivey Introduces a CHOOSE Act Family: Meet the Bell Family | MONTGOMERY – Governor Kay Ivey on Friday introduced the Bells, an Alabama family utilizing the CHOOSE Act, the governor’s education savings account (ESA) program. Parents Cameron and Tara Bell have four children: Mary Whit (11) in 5th grade... |
| 23.02.2026 | Securing the future: Simplified management, Scalable growth, and built-in compliance for K-12 | - |
| 16.01.2026 | Student data breaches expose cyber flaws in schools | - |
| 08.10.2025 | Oklahoma A.G. Would Like To Know Where Ryan Walters Spent A Bunch Of Money | I’m sure all of you beautiful people thought we were collectively done with former Oklahoma Superintendent Ryan Walters. After he resigned abruptly in late September, nearly in mid-screed mandating that public schools hold a moment of silen... |
| 02.01.2025 | Governor Ivey Announces CHOOSE Act Applications Officially Open for Alabama Families | MONTGOMERY – Governor Kay Ivey on Thursday announced applications for the CHOOSE Act, the state’s new Education Savings Account (ESA) program that supports the success of K-12 students across the state, are officially open. Families can now... |
| 13.11.2023 | Fintech Pioneer Anil Arora Joins ClassWallet’s Board of Directors | Former CEO of Yodlee, and Board Member and Advisor to Many High Growth Companies, to Provide His Expertise in Data Analytics, Cloud Platforms and Business Growth and Expansion MIAMI, Nov. 6, 2023 /PRNewswire/ — Anil Arora, a fintech indust... |
| 21.08.2023 | ClassWallet Closes $95 Million Funding Round to Continue Reshaping the Way State and Local Government Agencies Do Business | MIAMI–(BUSINESS WIRE)–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 Equi... |
| 20.08.2023 | Обзор технологических стартапов в образовании за последнюю неделю | Джейми Розенберг, Нил Стейнхардт, соучредители ClassWallet 0 Обсудить 272 показа 18 открытий Что стало известно об инвестировании в стартапы EdTech за прошедшую неделю В порядке возрастания раскрытых привлеченных инвестиций. Mediasphere Пла... |
| 15.08.2023 | ClassWallet Closes $95M Funding Round | ClassWallet, a Hollywood, Florida-based provider of a digital wallet-based purchasing and reimbursement platform for public funds, raised $95M in funding. The round was led by Guidepost Growth Equity, and included Education Growth Partners ... |
| 15.08.2023 | ClassWallet Secures $95M Growth Financing | MIAMI, FL, ClassWallet, the leading digital wallet-based purchasing and reimbursement platform for public funds, has closed its first institutional growth capital funding round of $95 million. >> Click here for more funding data on... |
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