ClassWallet

The company operates on a SaaS model, providing a digital wallet and spend management tool for its clients, which include state agencies, local school districts, and non-profits across more than 35 states. ClassWallet serves entities like departments of Education, Treasury, Early Childcare, and Health and Human Services. The platform is designed to automate the entire lifecycle of purchasing and reimbursements, reducing paperwork, mitigating fraud risk, and ensuring compliance with regulations. By digitizing these processes, clients can save significant time and administrative costs. In May 2025, Jamie Rosenberg transitioned to the role of Executive Chairman, with Stephen Lindeman, formerly the COO, being promoted to Chief Executive Officer to guide the company's next phase of growth.

The core of ClassWallet's offering is its digital wallet platform, which enables funds to be disbursed to end-users like teachers, families, and students for specific purposes. Users can make purchases through an integrated e-commerce marketplace featuring major retailers like Amazon, Office Depot, and Best Buy. The system also supports reimbursements for out-of-network purchases via receipt uploads and direct bank account deposits, and offers a reloadable debit card option. Key features include automated approval workflows, real-time budget tracking, and the generation of audit-ready reports, providing transparency and control over expenditures. The platform handles various programs, such as classroom supply budgets, student scholarships like Education Savings Accounts (ESAs), and workforce development funds.