ClassWallet Forms Early Care and Education Center of Excellence
June 25 2024 - 8:05AM
Business Wire
Initiative will help enable educators and
agencies better serve early child care and pre-school populations
nationwide
ClassWallet, the leading purchasing and reimbursement platform
for public funds, has formed an early care and education (ECE)
“Center of Excellence” focused on helping child care professionals,
providers, ECE programs and government agencies create the most
effective and efficient government-funded programs.
The ClassWallet Early Care and Education Center of Excellence
will expand upon the efforts of a program the company helped
develop in partnership with the Georgia Department of Early Care
and Learning (DECAL), which provides equal access to quality
education for all children in their early development years
leveraging a range of state, federal and private grants.
In 2023, DECAL awarded a contract to ClassWallet to track,
report and facilitate the distribution of over $140 million in
grant programs funded by the federal Child Care and Development
Fund (CCDF). Since the award, ClassWallet has completed more than
119,000 transactions impacting thousands of children and ECE
providers across the state.
“ClassWallet’s automated payments platform has assisted us in
distributing funds across the state of Georgia to provide greater
access to resources for child care programs and teachers,” said
Rian Ringsrud, deputy commissioner for finance and administration,
DECAL. “These resources are being used to improve classroom quality
and maintain healthy and safe environments, while simultaneously,
the platform enables fiscal accountability and transparency.”
“We established the ClassWallet Early Care and Education Center
of Excellence to pave the way for qualified families, early child
care providers and educators to benefit from public funding and
quickly receive the financial support they need,” said Jamie
Rosenberg, CEO, ClassWallet. “The new center of excellence will
help us broaden our scope as an organization and use our digital
wallet technology to better serve ECE programs, providers,
families, and, most importantly, our nation’s children well before
they enter kindergarten.”
According to research, children in ECE programs are more likely
to graduate from high school1 and have more developed social and
emotional skills. They also are more likely to go to college and
earn higher wages as adults.2
For more than a decade, ClassWallet’s purchasing and
reimbursement platform with its integrated digital wallet has
provided a nimble way for public funds to be distributed to
schools, educators and families, while at the same time, providing
state and local government agency program administrators with
sophisticated tools to track spending compliance in a much more
efficient and impactful manner.
The ClassWallet Early Care and Education Center of Excellence
will be led by Michael López, Ph.D., Senior Director of Strategic
Initiatives in Early Child Care. Dr. López is a nationally
recognized early childhood expert and a passionate advocate for
low-income, culturally, and linguistically diverse populations. He
has over 30 years of experience in applied policy-relevant research
in the area of ECE and equity at the national, state, and local
levels. For information, contact Dr. López at
mlopez@classwallet.com, or visit
https://classwallet.com/early-care-education/.
About ClassWallet
ClassWallet is the leading purchasing and reimbursement platform
for public funds. A pioneer in financial and government technology,
ClassWallet’s digital wallet technology is used by state and local
agencies across 34 states to ensure public funds reach the right
people for the right purpose. Since 2014, the ClassWallet platform
has been used to securely and efficiently deliver more than $3.5
billion in public funds while maintaining customer loyalty and
satisfaction which exceeds some of the world’s largest brands.
Headquartered in Hollywood, Florida, ClassWallet ranks as the 61st
fastest growing software company on the prestigious Inc. 5000 list
of fastest-growing private companies and the 21st fastest growing
financial technology company on the Deloitte Technology Fast 500 in
2023. In January 2024, ClassWallet was recognized by J.D. Power for
Providing “An Outstanding Customer Service Experience” for Phone
Support.
1 https://highscope.org/perry-preschool-project/ 2
https://www.startearly.org/why-early-childhood/
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version on businesswire.com: https://www.businesswire.com/news/home/20240625864295/en/
Media contact: Mike Atkinson, Sage Communications (For
ClassWallet) ClassWallet@aboutsage.com