Do you want to know about Scholly? Scholly is a mobile app that provides recommendations for scholarships by linking students nationwide based on data such as gender, grade point average, race, CGPA, and by need or merit-based scholarships. Scholly updates information every week for students’ access to up-to-date information and scholarship options.
Scholly’s founder Christopher Gray has a net worth of $1.5 million as of 2024.
All you want to know About Scholly
Scholly is a great platform that delivers a list of eligible scholarships to students. Gray was named to Forbes’ 2016 Under 30 in the list of social entrepreneurs, for his platform’s 1 million members.
Scholly’s co-founder Nick Pirollo was the first chief development officer of the company and he’s now the Director of Scholly. Bryson Alef was also a co-founder of Scholly but now he is the President of products at First Republic Bank.
Scholly is the result of Christopher’s struggle and efforts. He fought the battle of life and developed an app to provide access to scholarships through a low-cost mobile application.
| Mobile Application Name | Scholly |
| Founder | Christopher Gray |
| Founded | 2013 |
| Headquarters | Philadelphia, Pennsylvania, US |
| Website | Visit Website |
| Valuation | $5 million |
| Downloads | 850,000 |
| Scholarship Funds | $100 million+ |
| New Feature | Student Debt Solution |
| Sharks | Lori Greiner and Daymond John |
History and Background of Scholly
Christopher Gray belonged to a low-income family. He realized the difficulty of college applications. He struggled too much and spent more than seven months in search of scholarships by spending his time at the public library computer. In the end, he bagged around $1.3 million in scholarships and became an expert in searching for and winning scholarship grants.
The result of all his efforts inspired him to create a mobile app that has helped thousands of students to get scholarships in minutes. Scholly helped students in receiving over $9 million in scholarship funds after its launch.
Founder of Scholly
Christopher Gray is the founder of Scholly. He launched this app in April 2013.
Christopher Gray belongs to Philadelphia, Pennsylvania. He studied entrepreneurship and finance at Drexel University. He joined hands with developers Bryson Alef, and Nick Pirollo for creating a mobile app. Later, they became co-founders of Scholly.
Scholly’s Shark Tank Appearance
When Christopher was in college, he struggled to get a scholarship. He got scholarship funds after seven month’s hustle. After that, he made a scholarship app for students to access scholarships easily. He launched his app in 2013 called Scholly.
He appeared on Shark Tank season 6 Episode 20 with Scholly after the app launched. He asked the Sharks for $40,000 for a 15% stake at a $1.5 million valuation.
The Shark Tank Pitch of Scholly
Christopher Gray appeared in season 6 episode 20 of Shark Tank. During the pitch, he explained that Scholly is compatible with both Android and iPhone.
Gray offered the Sharks a 15% stake in the company in exchange for $40,000. He also described that more than $100 million of funds don’t get claimed every year. Lori and Daymond John liked his business model and made a deal of $40,000 with a 15% stake in the company.
Scholly After Shark Tank
After Shark Tank, Scholly became the number one Scholarship app in the app store, with more than 85,000 downloads.
Before Shark Tank, it charged $0.99, but now it’s free. After appearing on Shark Tank, Scholly was promoted in major media outlets like Forbes, Fox News, BusinessWeek, Fortune, and more.
Scholly has helped students in claiming more than $100 million in scholarship funds. Gray met Bill Gates and received an award from Oprah Winfrey, and also has been invited to the White House twice due to his app’s popularity.
Scholly Shark Tank Update
Scholly became more and more noticeable among the students and it gained a significant attraction in a substantial increase in downloads, users, and overall growth of the platform.
It has been featured in Forbes Magazine on various occasions, and Shark Tank’s Greatest of All Time Special. It has found over $100,000,000 in funds and now becomes the World’s number-one Scholarship app.
Scholly’s Net Worth
Scholly was valued at $260,000 when appearing on Shark Tank. After the show aired, Scholly’s sales shot, and now its valuation is over $5 million. This app has been downloaded over 850,000 times and has helped students by claiming more than $100 million in scholarship funds.
As of 2024, Scholly’s net worth is around $1.5 million.
Final Words
Scholly is such a great and free scholarship app for those students who can’t afford their college expenditures. Its fast and easy features provide many opportunities for eligible students widely to get the finances to complete their college education.
FAQs
What is Scholly?
Scholly is a mobile app. It provides scholarship opportunities to eligible students to meet their college expenses.
What is Scholly’s Valuation?
Scholly appeared on Shark Tank season 6 Episode 20 after its launch. Christopher asked Sharks to make a deal for $40,000 for a 15% stake at a $1.5 Million Valuation.
Did They Have a Deal at Shark Tank?
Yes, they have a deal at Shark Tank.
How is Scholly Doing?
Scholly is doing very well with a $1.5 million net worth.
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