ClassWallet Raises $2.3 Million to Meet Growing Demand

ClassWallet grew over 600% year over year and is now used in over 2,000 schools opposite 15 states. Some tip 100 propagandize districts in distance that ClassWallet depends as clients embody Miami-Dade County Public Schools, Polk County Public Schools, and Mobile County Public Schools.

Financial record startup ClassWallet lifted $2.3 million in appropriation to enhance product offerings and supplement to a business growth and support staff.

The appropriation for a South Florida-based association is an prolongation of a seed round.

Florida Funders and Rainfall Ventures led a round, that enclosed many important Silicon Valley angels, as good as follow-on investments from Brentwood Associates and other stream investors. Previous turn investors embody New Schools Venture Fund and Sinovation Ventures. To date, ClassWallet has lifted over $7 million.

ClassWallet is used in over 2,000 schools opposite 15 states. Some tip 100 propagandize districts in distance that ClassWallet depends as clients embody Miami-Dade County Public Schools, Polk County Public Schools and Mobile County Public Schools. ClassWallet has a 100% renovation rate among a propagandize district accounts.

New Mexico Public Education Department determined a ClassWallet comment for any of a 23,000 classrooms statewide. In addition, ClassWallet cumulative a solitary source agreement with a State of North Carolina to conduct preparation assets comment grants, a new straight for a Company.

“The new appropriation will assistance us to support a flourishing direct for the product as many propagandize districts are seeking ways to revoke executive beyond and urge peculiarity control,” ClassWallet owner and CEO Jamie Rosenberg pronounced in a statement.

ClassWallet is a spend government height that reconciles and pays for exchange in a totally cashless, paperless and programmed manner. Its program streamlines manual, time-intensive tasks of collecting receipts, reconciling invoices and statements, creation businessman and payment payments and information entrance compulsory to accommodate annual review requirements. As a result, clients save large hours and beyond costs that they can reallocate to some-more impactful aspects of their operations. For some-more information revisit http://www.classwallet.com.

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