Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae [TechCrunch]
Navient Corporation (NAVI)
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Source: TechCrunch
Now he's suing the student loan giant for wrongful termination and alleging that it's selling the data his app collected, which includes personal info on minors, without properly informing users. Gray co-founded the company a decade prior with the hope of helping students more easily find college scholarships that were going untapped. Within two years, he nabbed Sharks Daymond John and Lori Greiner as investors after an With the acquisition, Gray became one of the few Black venture-backed fintech founders to exit their company, despite receiving some blowback that he was “selling out.” “I think being one of the first Black tech companies to get acquired by a bank, that's really a big achievement,” he at the time. He took a vice president role at Sallie Mae and expected to settle in nicely at his new gig, while helping scale Scholly and making it free to use, he said in an exclusive interview with TechCrunch. What happened next is detailed in Gray's against Sallie Mae in Delawa
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- Navient (NAVI) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
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- Lower Expenses & Fee Income Growth to Support Navient's Q1 Earnings [Yahoo! Finance]Yahoo! Finance
NAVI
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- 4/29/26 - Beat
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- 4/17/26 - Form SCHEDULE
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