![]() ![]() ![]() In the past year, the company launched two new products to join its TeacherWallet and MaintenanceWallet digital wallets for teachers and maintenance/custodial staff, respectively. “Our growth and success should be measured by far more than our financials – in many ways, we are helping school districts and government agencies to deliver better education outcomes by solving the challenges of funds distribution, accounts payable spending and transparent reporting in ways previously not possible.” “We’re gratified that our core technology and solutions are being recognized as best in class by federal and state agencies as well as school districts across the U.S.,” said Jamie Rosenberg, CEO and co-founder, ClassWallet. Net revenues tripled compared to the prior year. Transaction volume increased by 272% with the company processing $227 million in payments for its clients. In fiscal year 2021, the company booked more than $750m in business, representing 700% growth, year-over-year, compared to 2020. ![]() ClassWallet handles accounts payable funds via its patented fintech platform and digital wallet technology, for teacher and maintenance staff spending, as well as for managing and disbursing federal and state scholarship and grant monies to families, schools and districts. Used by 13 state agencies and 3,900 schools in 23 states serving 2.5 million students, the innovative accounts payable solution and digital wallet technology manages classroom supplies and facilities maintenance purchases, emergency funding and student scholarship programs. The privately held company, based in Hollywood, Florida and founded in 2014, is rapidly becoming a de facto standard in the education market. 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 a move to a larger headquarters facility. ![]()
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