# ClassWallet

> ClassWallet provides digital wallets, purchasing, vendor payments, reimbursements, and reporting for education and public-sector funding programs. Agencies set program-specific spending rules while educators, families, and approved providers use the platform to transact and document purchases.

- **Founded:** 2014
- **Headquarters:** Hollywood, United States
- **Founders:** Jamie Rosenberg (Founder; Executive Chairman since May 2025), Neil Steinhardt (Co-founder; formerly President)
- **Products:** Digital wallet and spending controls, Integrated marketplace, Direct vendor payments, Reimbursements and debit cards, Reporting and reconciliation
- **Notable:** Closed a $95 million institutional growth round in August 2023., Company reports $1.2 billion in EANS allocations distributed for 12 states during 2021-2025., Selected by Ohio in October 2025 for five scholarship programs.

## Products & services

- **Digital wallet and spending controls** — Allocates funds to users with program-specific restrictions, approval workflows, balances, and records.
- **Integrated marketplace** — Approved vendors offer educational goods through integrated purchasing. Availability depends on the program.
- **Direct vendor payments** — Invoice-backed payments to participating schools, tutors, therapists, and other eligible providers.
- **Reimbursements and debit cards** — Additional payment routes where the funding program permits them.
- **Reporting and reconciliation** — Centralizes transaction records, receipts, approvals, and audit reporting.
- **Scholarship application administration** — Supports application workflows; Ohio’s 2025 announcement included integration with FACTS.
- **Scholarship-granting organization services** — Markets donor portals, applications, disbursement, and reporting to organizations preparing for federal scholarship tax credits.

## Achievements

- Closed a $95 million institutional growth round in August 2023.
- Company reports $1.2 billion in EANS allocations distributed for 12 states during 2021-2025.
- Selected by Ohio in October 2025 for five scholarship programs.
- Promoted Stephen Lindeman to CEO effective May 1, 2025.
- Company announced a Bronze Stevie Great Employers award in July 2026.

## Latest updates

- **2026-10** — Published an October 8 discussion of scholarship-granting organizations’ administrative capacity ahead of the federal scholarship tax credit.
- **2026-07** — Announced a Bronze Stevie award in the Employer of the Year - Fintech category.
- **2026-01** — KGOU reported that a federal judge dismissed Oklahoma’s allegations in the education relief funds lawsuit.
- **2025-10** — Announced selection by Ohio to modernize five scholarship programs with FACTS integration.

## Links

- Website: https://classwallet.com/
- LinkedIn: https://www.linkedin.com/company/classwallet
- Twitter/X: https://twitter.com/classwallet
- Facebook: https://www.facebook.com/classwallet

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Profile page: https://yespress.io/classwallet
Published by YesPress — https://yespress.io
Last updated: 2026-10-24