ClassWallet provides a software-as-a-service platform that helps public agencies, school districts, and non-profits manage and distribute public funds through a digital wallet and spend-management tool. Funds reach end-users via an integrated e-commerce marketplace, reimbursements, or direct bank deposits, with automated approvals, real-time budgeting, and audit-ready reporting. It differentiates itself by focusing on public-sector finance and education funding with end-to-end spend control, fraud risk mitigation, and a patented digital wallet within a single system plus procurement integration. Its goal is to reduce paperwork, speed up fund distribution, and lower administrative costs while increasing transparency and expanding access to funds for students and families.
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$123.9M
Headquarters
Hollywood, Florida
Founded
2014
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