ClassWallet

Overview

ClassWallet is a software company based in the United States, specializing in financial software solutions within the education management sector. Founded in 2014, the company has developed a digital wallet platform that facilitates the management and distribution of education funds, particularly through education savings accounts (ESAs). The platform is designed to support K-12 students and their families, allowing them to make approved educational purchases and expenses. A notable initiative involving ClassWallet is its collaboration with the Alabama Department of Revenue to administer the CHOOSE Act, which provides refundable income tax credits for eligible students. The Parent Guide for the 2025-2026 school year outlines the program's structure, including annual funding amounts for participating students and guidelines for utilizing ESA funds through ClassWallet. The company employs between 51 and 200 individuals and reported revenue of approximately $33.6 million. ClassWallet's focus on enhancing financial management in education positions it as a key player in the intersection of finance and educational services.

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