ClassWallet is a purchasing and reimbursement platform for public funds. Founded in 2014, the company’s technology is used by state education departments, districts and public and private schools to get public funds to the right people and ensure they are used for the right purpose – from teacher stipends for classroom supplies to scholarships and other federal and state education grants.

The company’s solution replaces outdated reimbursement processes including teacher/ administrator expense reports and receipts, debit cards and other manual systems which are inefficient and difficult to audit. Managing the compliance around getting public funds to the right people while ensuring those funds are used for the right purpose is very complicated. ClassWallet does it at a fraction of the time and cost compared to legacy processes, in a fully transparent manner, without any sacrifice to compliance.

ClassWallet has emerged as the national de facto technology standard in education with 10% of teachers in America having a ClassWallet account. It is used across 32 states serving 6,200 K-12 schools and more than six million students. The company has helped its clients realize the full potential of over $2.7 billion in public funds.

One ClassWallet school district reported a reduction in purchase orders from 3,772 to 37 and a 42% increase in funds being utilized for their intended purpose, aided by the digital wallet technology. That same district expanded their usage from one to eight funding sources including Pre-K Funds, Special Education Funds and State Classroom Instructional Supplies. For these reasons and more, ClassWallet was named “Best Reimbursement Platform Helping Education Funds Distribution in a Compliant Manner” as part of The EdTech Awards 2024 from EdTech Digest. Learn more. 

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