He is the CEO and business guy, while the other two are more of the technicians and developers. The app has facilitated the discovery of over $100 million in funding for students and is the worlds leading scholarship app as of 2021. The company was valued at around $260,000 when it appeared on Shark Tank. Once all the information is entered, simply press Match and you will be matched with all the appropriate scholarships for your criteria. Scholly came about after Gray spent months searching for college scholarships himself and realized the need to streamline the process for students with similar needs. In most cases, the Sharks are offering to invest their time, knowledge, and experience to help a company to grow. The outcome of Grays experience inspired him to create a mobile app that can simplify the college application process for students around the world. Scholly was founded in 2014 in Philadelphia as a result of Grays own struggles with college admissions. In recent years, Gray has set about evolving Scholly into a full-service education app. Weve helped students win more than $100 Save my name, email, and website in this browser for the next time I comment. How the New Name That Tune Differs from the Original, The Top Five WWE Smackdown Moments of 2016, What to Expect from New ABC Show Boy Band, Quantico Season 1 Episode 3 Review: Cover, Mark Hamill and Sir Patrick Stewart Argue Over Tomatoes in UberEats Ad, What We Learned from Marvels 616 Trailer, Why Superman II is Hailed as the Best Superman Movie Ever, 10 Life Lessons the Show Life in Pieces Teaches Us, Heres What it Costs to Buy the Alaskas Peoples Bush House, Charlie Hunnam Replaces Hugh Jackman In Wolverine Fan Trailer. The makers of the app previously developed a website through partnerships before presenting the company on Shark Tank. Does Bobs Burgers Really Need A Feature Film. Completed. On Google Play, the app seems to be doing slightly better; it currently has a 4.2-star rating out of 3,100 reviews. Christopher Gray net worth is $1 Million. Yes, Because of the easy-to-use arrangement and different collaboration, it has more opportunities than many other similar apps. They have teamed up with actor Jesse Williams to tackle this problem. Following this Christoper was featured in CNN, Forbes, New York Times, The Wall Street, and many more popular media. The app has been downloaded by more than a million people and students have been given more than $100 million in scholarships. Empower students to crush their student debt with Scholly PayOff, a quick and easy tool that helps students lower their monthly federal student loan payments by matching them with life-changing repayment plans. The other Sharks thought that a deal had been made too quickly without proper questioning about the business. The app then generates a list of scholarships that users can sort, explore, and save for later use. We partner with the best solutions to Who Are the Richest Soccer Players and What is Their Net Worth? Gray wanted to have a better life for himself by studying entrepreneurship and finance at Drexel University. Chris wants to hear from the other Sharks, but Lori seems hell-bent on securing an early close with Chris before the other Sharks can even determine if they want to make an offer. Daymond John, who was also as equally impressed as Lori Greiner, made the same offer i.e. Lori calls for Chriss attention again and says that she loves everything he is doing and believes in him, and she does not care about how the program will be monetized. Scholly is a mobile phone application created to find college scholarships. Type above and press Enter to search. We are not the Charity Tank-Robert Herjavecreplied. The grants allowed him to focus more time on studying and didnt have to worry about finances. Robert then asks how they intend to grow and scale the business, to which Lori and Daymond both just reply,Well figure it out.. I have scholly, but when I got it it was just a .99 cent app. He is an economics graduate from Drexel University. Cons Although the net worth of the company . Here is an update on Scholly s net worth so far. It filters and delivers a list of eligible scholarships with relevant information such as links and deadlines, based on characteristics such as gender, state, GPA, and race. An example of data being processed may be a unique identifier stored in a cookie. by making smarter financial decisions. In addition to his work at Scholly, Pirollo is the Deputy Chief Technology Officer at First Republic Bank, an Advisor at Ivee, and a Director at hoo.be. Christopher Gray is from Philadelphia, Pennsylvania. The deal with Lori and Daymond closed after the segment aired. Carle100 on instagram shows the best place to find scholarships. Also if you want to read further details aboutScholly, Read here: What happened After Shark Tank & The Latest Update & Their Story So Far. Yes, he received a deal from the Shark Tank Pitch. He has said that both John and Greiner are in touch with himself or his co-founders at least three times a week to keep track of how things are going in the business, to suggest ideas or just to have a catch-up about how things are going. During the pitch, he described his application, which is compatible with both the iPhone and Android operating systems. Raised by a Solo Mom in a disadvantaged Birmingham, Alabama, neighborhood, Gray learned at a young age that with grit and determination, he could accomplish great things not only for himself but also for othersa lesson he applies as founder and CEO of Scholly, which uses an app and website to make . It appeared in the Shark Tank season 6 episode 20. More from Forbes 30 Under 30 - All Star Alumni 2017 List. Robert doesnt even know how people can figure out how to get money from scholarships that arent given by the university. Scholly scholarship searching app secured the deal on Shark Tank. Also, the app passes over 4 million users at the end of 2022. Even Kevin agrees with the sentiments that he cannot decide if it is a charity or business, but the both of them point out that their investment was not charity. This leaves students with an insurmountable amount of debt, but there is another option for students to help pay their bill scholarships. Firstly, he gave a brief introduction about his application. In 2022, the net worth of Scholly is estimated to be between $200,000 and $300,000. Scholarship Provider App. She wants Chris to respond immediately, but Daymond steps in and says that now he wants to be part of Scholly, too. Robert starts by saying that he loves the idea and Chris is 100% correct; there are so many scholarships that it is like a jungle. The deal is estimated to be worth $1.4 billion within 24 months, thus making SchollyME the largest recruiting app in the country. The one drawback about the app is that it does cost $2.99 per month, whether you use it on an Apple device, Android or online. Since then, Gray has formed several corporate partnerships that will help them to sell the Scholly app in bulk, For example, he has an agreement with both Saxbys Coffee and Philadelphia Science Leadership Academy. If you want better scholarship search engines, dm me, I made a whole list of them! PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Scholly was co-founded by Nicholas Pirollo, Bryson Alef, and Christopher Gray. Although the company was already showing the potential for a bright future prior to their appearance on Shark Tank, delivering a winning pitch on the series certainly helped their company to grow. A year after the official launch, Scholly helped students in Philadelphia receive over $9 million in scholarship funds. Press Esc to cancel. He was raised in tough conditions by a single mother who struggled to keep a job. She offered $40,000 in exchange for a 15% stake in the business. The app has been downloaded over 850,000 times and has helped students claim more than $100 million in scholarship funds.After appearing on Shark Tank during season six and receiving a deal from Lori Greiner and Daymond John for $40,000 in exchange for 15% equity in the company, Scholly was featured in major media outlets such as Forbes, Fortune Magazine, Fox News, and Time. All of the Sharks seem completely torn, with Mark, Kevin and Robert angry at Lori and Daymond for scooping a deal out from underneath them and not receiving, to what the three perceive, enough information. . Gray also revealed that they plan on adding a student debt payoff service by the end of the year. The app is updated by the Scholly personnel with information related to scholarships every week. It has anet worthof around1.5 Million USDas of2023. Their site was also achieving approximately 8,000 hits per second. Gray and his co-founders then began raising a series A round for their Philadelphia-based business. Scholly soon became the number one college scholarship app in the app store, with over 850,000 downloads. We provide the most recent, unbiased accounts of the news that matters to you. In the Essay section, students can choose from five prompts. -SPONSORED- Christopher Gray, a 24-year-old entrepreneur, has already accomplished much and given a lot. Scholly - #1 College Scholarship App - Win Free Money for College - Scholly Earn over $1,000 by discovering new financial solutions Every offer earns you cash today and entries into our weekly $1,000 giveaway. Whatever Happened to Numilk After Shark Tank? From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. Because it has found over$100 millionin funds its considered the worlds number one scholarship app. The greater the Scholly Score, the more formidable the opponent. Within a year of its founding, Scholly helped students raise over $9 million in scholarship funds. Scholly is the fast and easy way to find scholarships for college. Schollys worth and networth update in brief here. All Rights Reserved. Also, it added a student debt payoff service to the app. Chris explains that Scholly costs $.99 on the app store, and there have been 92,000 paid applications in less than a year, as well as the fact that there is viewer marketing (viewers of the application, not even purchasing it, are telling others about Schollys existence). It filters and delivers a focused list of eligible scholarships with links and deadlines based on a range of characteristics (such as gender, state, GPA, and race). Also, its for students currently studying in theUSAor students expecting to study in the USA. They have teamed up with actor Jesse Williams to tackle this problem. Students can select according to GPA, State, and intended college major from parameter selection. Also featured in Cadillacs new ad campaign Dare Greatly in 2016. Our Scholly community is earning money Contact us: [emailprotected], King of the Bears, Shark Tank enthusiast, failed network engineer, sour cream enthusiast, Nanchaku instructor, Techman, Mega Man X fan, vaporizing know-how. However, Lori Greiner offered him the same deal. Christopher Gray, Nicholas Pirollo, and Bryson Alef founded Scholly. The app is supported by a small subscription, available at $34.99 per year, $24.99 per 6-months or $4.99 per month. Lori eventually offered Christopher $40,000 for 15%, while Daymond made the same offer. Anu Hariharan Net Worth, Biography, Wiki, Career (Updated), Josh Kesselman Net Worth; Biography, Wiki, Career (Updated), 19 Things You Didnt Know Billionaires Were Ruining, Minecraft Net Worth 2023; Founder, History, Stats (Updated), Michel Le Net Worth 2023; Biography, Wiki, Career (Updated), Wall Street Trapper Net Worth, Biography, Wiki (Updated). Net Worth Calculator Find your Exact Net Worth. Not only that the app is 100% ad-free. Even so, Scholly is estimated to be worth around $1.5 million. June 4, 2020. EverlyWell Net Worth, EverlyWell Shark Tank Deal (Updated). Due to a vast number of students having access to smartphones, the founders decided to make the app based on a smartphone as it would be easier for students to access it and use it to find scholarships. It features legitimate scholarships, which has helped thousands of students get through college by providing them with relevant scholarships in minutes. Chris represents his company, Scholly, and has come to the Shark Tank to seek an investment of $40,000 in exchange for a 15% equity in his company. Scholly is your go-to resource for student success & financial wellness. In the end, Gray bagged around $1.3 million in scholarships following his strategy. In his pitch, Christopher explained how the app functions and that it is compatible with both Android and iPhone operating systems. Scholly has subscription options that range from $4.99 per month to $34.99 for a year. [27 Favorite Shark Tank Products at Amazon New List]. 1968 S. Coast Hwy #675 Scholly is a mobile app that matches prospective students with nationwide scholarships based on populated data such as state, race, grade point average, gender, and sort by need or merit-based scholarships. While some users have found the app to be helpful, others are less than satisfied with it. The only problem is that these scholarships are extremely hard to find, and colleges waste billions every year on scholarships that are never received by someone. Lori's agreement was accomplished after Lori's Shark Tank Pitch. You have entered an incorrect email address! Accepted Deal: $40,000 for 15% of equity. The firm had an appearance in the greatest Shark battles part of The Shark Tank Greatest of All Time Special in February 2020, where the scenario in which the Sharks exit the stage was highlighted. Lori pressures Chris to make a decision, to which Chris shockingly accepts. I hope this helped! He then asks if the actual app was displayed, and Chris confirms; the app is for both iPhone and Android operating systems. Found out later it wasn't a good place to find scholarships. It became the number one on the downloads for a few weeks after the Show. 1. Scholly Search reduces the scholarship . To put himself through college, he had already managed to raise $1.3 million in school aid from a variety of sources. In realizing how broken and time consuming this process was, he created Scholly to make things much easier. 2023 Geeksaroundglobe Powered by | All Rights Reserved. Continue with Recommended Cookies. Others are left wondering where there arent any filters or search bars on the app. Students have to enter their criteria into the databases of the app and the app will recommend suitable scholarships for the students. Sep 9, 2020, 12:12pm EDT. Our Scholly scholarship AI will compare your profile to thousands of active scholarships to create a prioritized list of opportunities. Scholly actually focuses on outside scholarships, not scholarships directly given from the school, Chris explains these are scholarships that anyone from any college can receive. Scholly Searchs adaptive matching engine and curated database promise to produce better, more tailored scholarship listings. What Happened To LavaBox Portable Campfire After Shark Tank? Christoper Gray is the founder of Scholly. Discover how Scholly enables students to save time and earn free college money. How Many Scholarships Does It Have in Its Database? Scholly is the number one app for searching for scholarships in America. . One common complaint from students is that you have to pay in order to find scholarships with the app, which kind of defeats the purpose seeing as how they dont have a lot of money, to begin with. -SPONSORED- How could we improve it? 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