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Aug 8, 2016 10:10 AM ET

Archived: Kleo is an early-stage technology company that brings the 21st century convenience of cloud based virtual wallets to schools and classrooms, changing the community funding paradigm in K-12 education through its KLEOplatform™

iCrowdNewswire - Aug 8, 2016

Kleo Logo


Miami, FL 33137, US
Financial Services

Kleo is an early-stage technology company that brings the 21st century convenience of cloud based virtual wallets to schools and classrooms, creating a whole new paradigm for the way teachers, administrators, and parents handle donating, collecting, and tracking the billions of dollars of discretionary funds that flow through the K-12 school system each year. Kleo changes the community funding paradigm in K-12 education through its KLEOplatform™. The KLEOplatform™ is a SaaS solution that allows schools, teachers and parents to raise, manage and spend funds in a cashless, transparent environment using a virtual wallet and ecommerce marketplace.









By streamlining the collecting, spending and tracking of funds, Kleo brings economies-of-scale, greater efficiency, more cost savings and increased transparency to a system that for years has relied on cash, checks and brown envelopes.

Products / Services

KLEOaccounts™ – Virtual wallets for teachers, schools, and classrooms

Teachers and administrators can then access their KLEOaccounts™ to shop through an integrated e-commerce marketplace, fund a reloadable prepaid debit card, or transfer to another account holder. Because all transactions occur within the Kleo platform, all transactions are fully transparent and trackable.

Building on the KLEOaccounts™, we have developed an industry-disruptive suite of funds management, e-commerce, and fund raising services on one platform.



Chief Executive Officer
James Rosenberg

James RosenbergJames has 15 years of experience in the space. Founded AdoptAClassroom.org in 1998 – country’s leading education philanthropy platform. Has raised $25M and distributed funds to 150,000 classrooms across US. Improved the learning environment for 3.5M students. No one knows philanthropy for educators better. Has won several awards for his work with schools and corporations.

Chief Development
Michael Karavolos

Michael KaravolosMichael previously was a Director at Kaplan University where he led a product management team of direct reports to develop the product roadmap for the Custom Client services line. Michael also collaborated with a team of executives to build the business plan for an internal start-up initiative that won $6M in funding. Michael has a wealth of experience in product management, market research and analysis, and financial analysis and budgeting.

Vice President Sales
Dave Castella

Dave CastellaPrior to joining Kleo, Dave was National Sales Director at Blackboard, Inc. where he lead sales teams in North America across many verticals. Before Blackboard, Dave was Vice President of Partnerships at Learn.com managing the company’s largest relationships, including Taleo, which eventually acquired Learn.com.

Chief Technology Officer
Andrew Latimer

Andrew LatimerPrior to joining Kleo, Andrew was the founding CTO of 24/7 Prepaid Card. Previously he held key senior IT roles at PeopleSupport from startup to IPO to acquisition by Aegis.

Michael Edell

Michael EdellMichael is the founder and former CEO of eLabor.com which he sold to Microsoft. After exiting eLabor, Michael spent time coaching and mentoring entrepreneurs. He currently is CEO and Co-Founder of MaddieBrit Products, LLC, a manufacturer of ecofriendly household products.

Dan Cane

Dan CaneDan Cane is the co-founder and former CTO of the leading education company Blackboard, Inc, which he took public in 2004 and, in 2011, was purchased by Providence Equity for $1.64B. Dan is currently CEO and Founder of Modernizing Medicine, an electronic medical records system.

Hans Hickler

Hans HicklerHans Hickler is the former CEO of DHL Express USA and former CEO DHL Global Customer Solutions. Hans currently dedicates his time as a coach and advisor to CEOs and executives, startup entrepreneurs, social entrepreneurs.


Prior Year Revenue Current Year Revenue Next Year Revenue


Company Age Employees Sub-Industry
2 years, 4 months 7 Other Financial Services


Company Type Stock Exchange Stock Symbol
Contact Information:

James Rosenberg

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