PhysicsWallah Revises Lending Strategy, Partners with NBFCs

PhysicsWallah Limited is restructuring its lending strategy by partnering with regulated NBFCs for student financing, moving away from its earlier direct lending approach through its subsidiary FinZ Finance. This strategic shift aims to reduce balance sheet and credit-related risks for the company. PhysicsWallah will now function as a technology platform connecting students with these lending partners, focusing on affordability, accessibility, and scalability. The future strategic direction for FinZ Finance is subject to board and regulatory approvals. This decision follows feedback highlighting the company's core strength in community building and online education, suggesting that lending is best handled by specialized NBFCs with robust underwriting capabilities.