![]() One of the most relevant initiatives the new funding will help empower is developing and implementing functionality to support management of education funding to families for tuition payments and other educational services and needs a widely used educational model in Florida and other states Another exciting initiative the new funding will support is the implementation of a statewide rollout of ClassWallet in New Mexico as part of a new contract with the New Mexico Public Education Department Ultimately ClassWallet is poised to help address a 23 billion problem nationwideĪfter creating AdoptAClassroom org-a portal that allows anyone to donate classroom supplies for participating schools and considered by many as the first crowdfunding website-inventor Jamie Rosenberg found that the mechanics of getting and tracking money for teachers and school systems was time-intensive diverting precious time and energy from their core mission He conceived ClassWallet as a tailored solution ![]() It’s particularly exciting for us to support a project that employs the latest technology to solve a very practical problem that ultimately has such meaningful impact on real people and ultimately and especially-kids said Tom Wallace Managing General Partner Florida Funders ClassWallet is a uniquely high value product with great potential ” Florida Funders a firm providing early-stage capital to Florida technology companies announces a 735,000 investment in Miami-based ClassWallet a highly practical and powerful web-based spend management tool especially designed for the vast educational market More than 2,000 schools nationwide currently use ClassWallet to automate processes for transactions for over 63,000 teachers and principals freeing up tens of thousands of man-hours
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