Founded in 2013, Scholly is a scholarship application that helps students to find scholarships easily. The app allows students to search for scholarships that match their criteria such as GPA, race, gender, and state.
Christopher Gray founded Scholly with the goal to help deserving students get the funding they need to complete their college degrees. Gray pitched his company on Shark Tank in season six, and Lori Greiner and Daymond Green agreed to invest $40,000 in exchange for 15% of the business.
How Scholly was founded
Scholly is a scholarship search app that offers students a simple way to find scholarships. The app allows students to input basic information about themselves, including their state and intended major, and then matches them with scholarship opportunities based on that information.
Founders Christopher Gray, Nick Pirollo, and Bryson Alef started Scholly after realizing that the current scholarship system was backward. Many students were having trouble securing financial aid, and they wanted a simpler and faster way to apply.
The company made waves after appearing on Shark Tank in 2015, securing an investment from Lori Greiner and Daymond John. Since then, Scholly has been downloaded millions of times and has helped students raise over $50 million in scholarships.
Who is Scholly’s founder?
Christopher Gray is the founder of Scholly, a mobile and web application that matches students with pre-screened college scholarships. His motivation for creating the app stemmed from his own struggle to find scholarship money to fund his own education.
He realized that there was free money out there, but students just didn’t know where to find it. As a result, he and his co-founders created the app.
Since its launch, Scholly has helped students win more than $100 million in scholarships and is currently preparing to launch a new feature that will match users with million-dollar scholarships that they can apply for with one centralized application. It’s an innovative way to help students find scholarships that fit their specific needs.
What is Scholly’s business model?
Scholly is a mobile app that makes it easy for students to search for scholarships. It allows students to save their searches and get alerts when new scholarship opportunities become available.
The app’s adaptive matching engine uses eight parameters to match a student’s profile with scholarships. This helps the app deliver a more customized list of scholarships, based on factors such as gender, race, and state.
Gray says it took a lot of effort to build Scholly and he’s constantly working on it. He has a team of web developers who are helping him build out the platform and he’s currently negotiating with a number of organizations to distribute it in bulk.
The app’s founders appeared on Shark Tank to pitch their idea. They asked for $40,000 for 15% of the company, and Lori Greiner and Daymond John agreed to the deal.
What is Scholly’s revenue model?
Scholly is a scholarship-providing app that helps students find the scholarships they need to pay for college. It also provides information on obtaining student loans and other forms of financing.
Its revenue model is based on the number of downloads. It generates most of its revenue from app-store fees.
In its first year, it generated 92,000 downloads. However, this was only a small fraction of the app’s potential.
Having experienced the complexity of the college application process himself, Christopher Gray knew there was a problem. He wanted to solve it.
Gray and his co-founders Nick Pirollo and Bryson Alef created Scholly to make it easier for students to find and apply for scholarships. Their app got national attention when it was featured on Shark Tank and landed investments from Daymond John and Lori Greiner.
What is Scholly’s net worth?
Scholly is a mobile application that connects students with pre-screened scholarship opportunities. Founded by Nicholas Gray, the company’s app has been downloaded more than a million times and has helped students claim more than $50 million in scholarship funds.
Scholly’s founder, Nicholas Gray, was born into a low-income family and struggled to pay for his college education. He established the application to help other students with similar financial challenges.
His app has been featured in Forbes, Fortune Magazine, and Fox News. He also appeared on Shark Tank, where he walked away with investments from Lori Greiner and Daymond John.
After Shark Tank, Scholly grew to be the number one college scholarship app in the App Store with 850,000 downloads. Its developers are currently working on creating a feature that will help with student debt.