The new funding will go toward developing and implementing functionality to support management of education funding to families for tuition payments and other educational services and needs, according to ClassWallet. “ClassWallet is a uniquely high value product with great potential.” “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 at Florida Funders.
”ĬlassWallet Raises $735,000: Florida Funders, a firm providing early-stage capital to Florida technology companies, has invested $735,000 in Miami-based ClassWallet, a web-based spend-management tool designed for the educational market, according to a statement sent to EdWeek Market Brief. “We are confident to further strengthen our leading position in kid education through sharing proprietary systems, teaching content, and management experience between Tarena and Rtec.
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“We believe the acquisition will further complement and extend our service and help us gain more insight into childhood development and learning as well as offline sales and marketing,” Han continued. Tarena’s education platform combines live distance instruction, classroom-based tutoring and online learning modules. Rtec is a teaching institution that provides robotics education services in China to children ages 3 to 12 years old. And check out EdWeek Market Brief, a service that provides companies doing business with schools with news, analysis, and original data on the needs and priorities of K-12 systems. Visit EdWeek Market Brief’s LinkedIn page to share your thoughts about the most pressing issues facing education companies.
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