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.
