Contract marks the company's entry into the early child care and pre-school market
MIAMI and ATLANTA, March 2, 2023 /PRNewswire/ -- The Georgia Department of Early Care and Learning (DECAL) has turned to ClassWallet to track, report and facilitate distribution of some $140 million in four grant programs funded by the federal Child Care and Development Fund (CCDF).
This contract represents the company's entry into the early child care and pre-school markets, having established itself as a leading provider of digital wallet and accounts payable platform solutions for state agencies, family scholarships and K-12 education.
The CCDF provides equal access to quality education for all children in their early development years. Georgia DECAL will distribute these funds to childcare programs via the following grants (grant amounts are maximum estimates):
"ClassWallet's automated payments platform has assisted us in distributing more than $15 million in COVID funding to help offset the educational disruption caused by the pandemic," said Rian Ringsrud, deputy commissioner for finance and administration, DECAL. "We've utilized and plan to utilize ClassWallet to distribute a wide variety of materials including PPE, Covid test kits, classroom supplies directly to teachers, materials to improve classroom quality and maintain healthy and safe environments. DECAL does not have this type of capacity internally and using ClassWallet has allowed us to provide access to these resources for child care programs and teachers across the state."
"ClassWallet is the leading digital wallet technology for government agencies, private schools and K-12 school districts," said Jamie Rosenberg, CEO, ClassWallet. "Our entry into early childcare is modeled on our previous success with ESA programs as we provide tools to simplify the purchasing and reimbursement process. Our technology will enable The Georgia Department of Early Care and Learning to eliminate processing paper receipts and simultaneously create an easily audited money trail."
For more information about ClassWallet, send an email to email@example.com or call 877-969-5536.
Founded in 2014, ClassWallet (www.classwallet.com) is the leading digital wallet technology platform for federal, state and district education. Saving valuable time and overhead costs to track, pay and report on rules-based purchases and reimbursements, ClassWallet is used in 27 states and by 20 state agencies, across 6,200 schools serving 4.1 million students. ClassWallet's integrated marketplace of leading suppliers and learning curricula includes top retailers like Amazon, Office Depot, Staples, Scholastic, School Specialty, Lakeshore Learning and more. Headquartered in Miami, ClassWallet has been ranked number 779 on the prestigious Inc. 5000 list of the fastest-growing private companies in the U.S. in 2022 and the 56th fastest growing financial services company. It also ranks as the 155th fastest growing company in North America according to the Deloitte Technology Fast 500.
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