About ClassWallet
ClassWallet is a company based in Miami (United States) founded in 2014. ClassWallet has raised $106.69 million across 8 funding rounds from investors including Techstars, Education Growth Partners and Guidepost Growth Equity. ClassWallet offers products and services including Digital Wallet and Marketplace. ClassWallet operates in a competitive market with competitors including Ramp, Navan, Brex, PowerSchool and Brightwheel, among others.
- Headquarter Miami, United States
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Sectors
EducationTechnology Travel & Hospitality Financial Services
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Phone
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Website
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Social
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- Legal Name Kleo, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$106.69 M (USD)
in 8 rounds
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Latest Funding Round
$95 M (USD), Series A
Aug 15, 2023
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Investors
Techstars
& 14 more
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Employee Count
Employee Count
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Products & Services of ClassWallet
ClassWallet offers a comprehensive portfolio of products and services, including Digital Wallet and Marketplace.
Platform for secure management and spending of public funds
Facilitates vendor transactions for public fund recipients
People of ClassWallet
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Funding Insights of ClassWallet
ClassWallet has successfully raised a total of $106.69M across 8 strategic funding rounds. The most recent funding activity was a Series A round of $95 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series A — $95.0M
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First Round
First Round
(22 Oct 2014)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series A - ClassWallet | Valuation | Guidepost Growth Equity | |
| Mar, 2023 | Amount | Seed - ClassWallet | Valuation | Guidepost Growth Equity |
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| May, 2018 | Amount | Seed - ClassWallet | Valuation | Florida Funders , Rainfall Capital |
Investors in ClassWallet
ClassWallet has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Techstars, Education Growth Partners and Guidepost Growth Equity.
| Investor | Description | Founded Year | Domain | Location |
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Growth-stage companies are targeted for investment by Guidepost Growth Equity.
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PE firm investing in North America and Europe
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Founded Year | Domain | Location | |
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Venture capital investments are provided to early-stage tech startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ClassWallet
Financial Statements - ClassWallet
Classwallet Comparisons
Competitors of ClassWallet
ClassWallet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Navan, Brex, PowerSchool and Brightwheel, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Cloud-based software for K-12 education is provided.
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| domain | founded_year | HQ Location |
Online platform for preschool management and parent updates is offered.
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| domain | founded_year | HQ Location |
LMS and CRM solutions are provided for educational institutions.
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Latest news on Classwallet
Frequently Asked Questions about ClassWallet
ClassWallet was founded in 2014.
ClassWallet is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
ClassWallet is a funded company, having raised a total of $106.69M across 8 funding rounds to date. The company's 1st funding round was a Seed of $2.3M, raised on Oct 22, 2014.
ClassWallet was founded in 2014 and is based in Miami, United States. A SaaS platform is operated to deliver digital wallet solutions tailored for educational institutions. Services include online merchant access for educational resources, end-to-end reimbursement management, digital receipt capture, and approval workflows. Operations focus on streamlining financial processes within the education sector across the U.S.
ClassWallet offers Digital Wallet and Marketplace.
ClassWallet has 15 investors. Key investors include Techstars, Education Growth Partners, Guidepost Growth Equity, Lazard Asset Management, and Florida Funders.