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The Economic Times
The Economic Times
Technology

PhysicsWallah revises lending strategy, to partner with NBFCs for student loans

PhysicsWallah NBFC NBFCs

Days after revealing that it had infused Rs 120 crore in its wholly-owned subsidiary FinZ Partners to ramp up its loan play, edtech platform PhysicsWallah informed stock exchanges that it has revamped its lending strategy for students.

In a filing on June 4, the company said it will now tie up with third-party non-banking financial companies (NBFCs) instead of lending through its books, as had been envisaged with the FinZ infusion. The edtech will henceforth work as a technology platform that connects its students to a curated list of regulated lending partners.

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