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Allovue acquired Rockville-based ed-fintech startup, Equiday

US-based startup, Allovue acquired Rockville-based ed-fintech startup, Equiday for an undisclosed amount. Equiday, founded in 2018, which support schools with the budget planning process. It also helps districts with financial modelling, resource evaluation and strategy implementation. Equiday’s platform named as Allocate Pro, which helps districts to determine how to equitably allocate dollars to schools. On the other side, Allovue empowers educators at every level to allocate resources to support the needs of students.

“Allovue and Equiday share a belief in the power of combining cutting-edge financial technology with education data,” said Mr Jess Gartner, founder and CEO, Allovue. This acquisition would help Allovue to add new softwares of Equiday, which would help school districts to distribute funding more equitably.