Charlie Javice

Charlie Javice is the founder and former CEO of Frank, a student financial aid application assistance company, which she sold to JPMorgan Chase for $175 million in September 2021.[1][2]

Education

Javice attended the French-American School of New York and graduated from the Wharton School of the University of Pennsylvania in 2013, where she studied finance and law.[3][1]

Career

She founded Frank in 2016.[3] She stated in a 2018 interview that Frank secured an average of $28,000 for its users.[4] She was appointed managing director of JPMorgan, overseeing student-focused products at Chase, after the 2021 acquisition of Frank.[3]

Lawsuit

A 2022 lawsuit filed by JPMorgan claims that Frank's claims were largely a fabrication, and alleges that Javice paid a data science professor $18,000 for a list of more than 4 million fake student names in order to convince JPMorgan to purchase the startup.[5][6]

Recognition

References
  1. "'Fake It 'Til You Make It': Meet Charlie Javice, The Startup Founder Who Fooled JP Morgan". Forbes. Retrieved 20 January 2023.
  2. "How Charlie Javice Got JPMorgan to Pay $175 Million for … What Exactly?". The New York Times. Retrieved 21 January 2023.
  3. "Wharton graduate, startup founder Charlie Javice sued by JP Morgan". The Daily Pennsylvanian. Retrieved 20 January 2023.
  4. https://www.businessinsider.com/charlie-javice-frank-fintech-startup-jp-morgan-fraud-2023-1
  5. "JPMorgan paid $175 million for a hot startup. Now it claims its CEO faked 4 million clients". CBS News. Retrieved 20 January 2023.
  6. "JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts". CNBC. Retrieved 20 January 2023.
  7. "Charlie Javice". Forbes. Retrieved 20 January 2023.
  8. https://www.crainsnewyork.com/awards/40-under-40-2019-charlie-javice
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