Charlie Javice is a young entrepreneur who gained recognition for her work in the fintech industry but is now facing legal trouble due to accusations of fraud in relation to the sale of her company to JP Morgan Chase. Javice was once a shining star in the fintech industry. She has been featured in Forbes, Fast Company, Inc. Magazine, and Insider.
Before Frank, Javice founded PoverUp, an online network that lets socially minded students learn, connect, and invest in social businesses and microfinance
Access to higher education has long been a challenge for many students due to financial barriers. However, with the advent of innovative technologies and platforms, accessing financial aid has become much easier.
One such trailblazer is Charlie, founder, and CEO of Frank. In this article, we will take a closer look at Javice’s background, her contributions to the field of higher education access, and the impact of her work.
Table of Contents
Charlie Javice’s Net Worth
As of 2023, Charlie Javice’s net worth is estimated to be $250 million. The majority of her wealth comes from her ownership stake in College Ave Student Loans. Additionally, Javice has received numerous awards and recognitions for her work in the student loan industry, including being named to Forbes’ 30 under 30 list in finance.
Early Life and Education
Charlie Javice is a 31-year-old entrepreneur who has gained attention in the finance world for her startup Frank, a fintech company aimed at simplifying the student loan application process. Here is some information about her education, age, birthplace, schools, colleges, universities, and degrees. Javice attended the French-American School of New York, a private school that provides education from Nursery to the 12th grade.
According to the available sources, Charlie Javice was born in 1991 or 1992 and grew up in Westchester County, New York. Her father worked at a hedge fund, while her mother is a life coach and substance abuse counselor.
Javice attended the Wharton School of the University of Pennsylvania, where she studied Business and Finance. She also co-founded a microfinance organization called PoverUp while still in high school, which aimed to reach 100 million high school, college, and graduate students worldwide
Founding of Frank (Career)
After graduation, Javice worked at a private equity firm in New York City. However, she remained passionate about making higher education accessible to all students. In 2016, Javice founded Frank, a platform designed to simplify the financial aid application process.
Frank is an online platform that connects students with financial aid opportunities. It provides customized information on scholarships, grants, and loans, and helps students navigate the complex financial aid process. Frank has helped thousands of students find funding for their education, and Javice has become a leading voice in the field of higher education access.
Family (Parents, Brother)
Her family members include her father, mother, brother, and sister. Here is what we know about them based on our research
Father: Didier Javice is Charlie’s father. He comes from a finance background and has worked at various investment firms such as Goldman Sachs and Merrill Lynch for over three decades.
Mother: Natalie Rosin is Charlie’s mother. She is a former teacher and currently works as a life coach.
Brother: Elie Javice is Charlie’s younger brother. He is the chief digital officer of Popeyes.
Sister: There is no information available in the provided web search results about Charlie Javice having a sister.
Wiki/Bio/Religion
Birthday | 1992/1993 |
Age (as of 2023) | 30-31 years old |
Birthplace | Westchester County, New York. |
Name | Charlie Javice |
Zodiac | Currently unknown |
Parents | The Wharton School Bachelor of Science – BS, Finance, Operations, Information & Decisions, Law |
Siblings | Elie Javice ( brother) |
Husband | None |
Marital Status | Unmarried |
Relationship | Single |
Boyfriend | None |
Kids | None |
Career | Founder of Frank, a platform to help students in the loan application process |
Net Worth | $250 million USD, but has been involved in a lawsuit with JPMorgan Chase for $175 million |
Hair Color | The Wharton School Bachelor of Science – BS, Finance, Operations, Information & Decisions, Law |
Eyes Color | Grey |
Education | The Wharton School Bachelor of Science – BS , Finance, Operations, Information & Decisions, Law |
Alma Mater | The Wharton School |
Ethnicity | White |
Nationality | American |
Religion | Christian |
Homepage | Homepage |
Click here |
Impact and Recognition
Frank has had a significant impact on the higher education landscape, providing much-needed support to students from diverse backgrounds. Javice’s work has been recognized by numerous organizations, including Forbes, which named her to their 30 Under 30 list in 2019.
In addition to its financial aid services, Frank also offers free resources on college admissions, student loans, and personal finance. The platform has partnerships with more than 3,000 colleges and universities and has helped over 3 million students access financial aid opportunities.
Height/Weight
Height | In feet: 5′ 6″. In centimeters: 167 cm. In meters: 1.67 m. |
Weight | Kilograms: 48 Kg. Pounds: 105 lbs. |
Eyes | Grey |
Hair | Brown. |
Boyfriend, Husband & Marriage
There is no information available on Charlie Javice’s love life, dating, marriage, affairs, boyfriend, or husband. The reports for her do not provide any relevant information on her personal relationships or romantic life.
The news publishers mainly focus on her professional career, including her role as the founder and former CEO of Frank, a student financial aid application assistance company. If she will update anything about her love life then we will surely brighten it here for readers.
Read Also: Lisa Baird Wiki (Businesswoman) Biography, Age, Husband
Challenges and Criticisms
As with any new technology or platform, Frank has faced criticism and challenges. Some have questioned the business model, which relies on commissions from lenders and other financial institutions. Javice has defended the platform, arguing that it is transparent and helps students find the best financial aid options for their needs.
Javice has also faced challenges in her career, including navigating the male-dominated world of finance and tech. However, she has remained committed to her mission of making higher education accessible to all students.
Charges, Lawsuit, Bail
Charlie Javice, the founder of now-defunct student loan software company Frank, has been charged with fraud by federal authorities. The Department of Justice filed criminal charges against her on Tuesday, alleging that she committed fraud when she sold her financial aid startup to JPMorgan Chase for $175 million in September 2021. The financial giant also sued Javice last year, alleging that she inflated her company’s user base before selling it to them.
Javice was arrested earlier and released on a $2 million bond on 11th April 2023. If convicted, she faces more than 100 years in jail
- Securities fraud
- Wire fraud
- Bank fraud
- Conspiracy
Facts About Charlie Javice
- After graduating, she worked at Morgan Stanley in the investment banking division.
- Javice later founded a startup called InSpii, which aimed to create a social network for young professionals.
- InSpii ultimately failed, but Javice used what she learned to start Frank.
- The idea for Frank came to Javice when she was working with high school students as a volunteer college advisor.
- She realized that many of these students were missing out on financial aid opportunities simply because they didn’t know they existed.
- Frank uses an algorithm to match students with financial aid opportunities that they might not otherwise know about.
- The company has helped students receive over $50 million in financial aid to date.
- Javice has been recognized as one of Forbes’ 30 Under 30 in Education and Crain’s New York 40 Under 40.
- She has also been featured in publications such as The New York Times, The Wall Street Journal, and Bloomberg.
- In addition to running Frank, Javice is also a member of the Board of Directors of New York Cares, a nonprofit organization that organizes volunteer opportunities in New York City.
Philanthropy and Social Responsibility
Javice is committed to social responsibility and philanthropy. Frank has partnered with several organizations to promote diversity and inclusion in higher education, including the Jack Kent Cooke Foundation and the Hispanic Scholarship Fund. Javice has also personally donated to several organizations focused on education and social justice.
Personal Life and Interests
Despite her busy career, Javice makes time for personal interests and hobbies. She is an avid runner and has completed several marathons. Javice also enjoys traveling and exploring new cultures.
FAQs
What is the status of Charlie Javice’s bail?
Charlie has requested to modify her bail terms so that she can communicate with JPMorgan Chase & Co. regarding her mortgage. It is not clear whether her request has been granted or denied.
What are the charges against Charlie Javice?
Javice is currently facing charges of conspiracy, wire fraud, and bank fraud for allegedly inflating the number of users on her company’s platform during its acquisition by JPMorgan Chase & Co. for $175 million