PhysicsWallah's FinZ sells loan book to Auxilo
By Abha Lohia ·
- FinZ Finance is the wholly owned lender of edtech company PhysicsWallah, set up to give loans to its students
- It has agreed to transfer student loans worth ₹95.79 crore to the NBFC Auxilo Finserve
- The sale covers much of its book and fits PhysicsWallah's move to rely on outside lenders instead
What happened
- FinZ Finance will sell a ₹95.79 crore loan portfolio.
- The buyer is NBFC Auxilo Finserve.
- The portfolio is a large share of FinZ's total loans.
Why it matters
- PhysicsWallah first pitched FinZ as its own lender.
- It later chose to work with third-party NBFCs to limit lending risk.
- Investors had questioned the capital needs of in-house lending.
The business
- FinZ is a wholly owned subsidiary of PhysicsWallah.
- It got its NBFC licence in September 2025.
- It began operations in early 2026.
- Most borrowers came from PhysicsWallah's student base.
In numbers
₹1,054 CrPhysicsWallah Q1 FY27 revenue · 2026
₹88 CrPhysicsWallah Q1 FY27 net loss · 2026
Words to know
- NBFC
- Non-banking financial company, a lender regulated by the RBI that is not a bank.
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