Scholly: Scholarship App

SEASON 6 EPISODE 20
Pitchcollege scholarship finding app
EntrepreneurChristopher Gray
Asked For$40,000 for 15%
Deal$40,000 for 15%
SharkLori Greiner and Daymond John
StatusIn Business

Company Background

What is Scholly?

Scholly is a mobile and web application that helps needy students gain access to scholarship opportunities. The students sign up for the application with their details and the application provides a list of available scholarships for which the student qualifies. Scholly staff make weekly updates of scholarship in the application to ensure that their student members are always accessing updated information and the most recent scholarship opportunities.

Who Founded Scholly?

Scholly was started by Christopher Gray, Nicholas Pirollo and Bryson Alef. Christopher is the founder and chief executive officer of Scholly. Nicholas was the chief development officer at the initial stages and is now Director at Scholly. Nicholas has other roles: he is the Deputy Chief Technology Officer at the First Republic Bank, Advisor at Ivee and Director at hoo.be. Bryson was a co-founder at Scholly and now the president Product at First Republic Bank.

Founder’s Story

Nicholas Gray started Scholly based on his own struggles joining college. He came from a poor background and his family could hardly afford the basic things like internet. It took him a lot of hustle to find scholarships when joining the university, a fight he finally won. He, therefore, came up with an idea on how he could help other struggling students by creating access to the right scholarship opportunities through a cheap mobile application.

Scholly was first launched in 2014 in Philadelphia and within a year, it had helped students raise over $9million through scholarships. Before presenting the venture at Shark Tank, the founders of this app had already created a website through partnerships.

What Happened to Scholly After Shark Tank Update

Is Scholly Still in Business?

Scholly, the app and website platform that allows high-school students to search for study grants and scholarships to attend higher learning, is still in business.

Scholly offers a free three-day trial to familiarise yourself with the platform, after which there are various monthly subscriptions up to 12 months.

Scholly then matches would-be college students with companies or universities offering opportunities to study further by completing the information requested in the application process.

Leading the way as Scholly’s top competitor is Scholarships.com, which does much the same, although it also offers would-be providers of scholarships to advertise their services too. This company also provides opportunities for veterans of the various armed services to apply for study aid, post service.

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