Exclusive: Backed by China. Flagged by the Pentagon. Still, Arizona Chose ClassWallet.

The Arizona DOE under Kathy Hoffman contracted with ClassWallet despite Pentagon-flagged ties to CCP. Now parents face delays, fees, and silence. Was anyone paying attention?

Concerns over ClassWallet continue to grow—from excessive fees and reimbursement delays to system outages and now, questions about its foreign investment ties.

New concerns are surfacing over the background of Arizona’s ESA vendor ClassWallet. The tech company that contracted to manage ESA funds, accepted early funding from Sinovation Ventures—a Beijing-…