PhysicsWallah's FinZ sells ₹96 crore loan book
By Abha Lohia ·
- PhysicsWallah is an education technology company whose lending arm FinZ Finance gives loans mostly to its own students
- FinZ agreed to transfer a student loan portfolio worth ₹95.79 crore to the NBFC Auxilo Finserve, a large share of its book
- The sale fits a shift to partnering with outside lenders instead of carrying all loan risk on its own balance sheet
What happened
- FinZ Finance will sell a loan portfolio of ₹95.79 crore.
- The buyer is Auxilo Finserve, an RBI-registered NBFC (non-bank lender).
- The portfolio is a large part of FinZ's total loans.
Why it matters
- PhysicsWallah first pitched FinZ as its in-house lender.
- It later chose to work with third-party lenders for student loans.
- Investors had questioned the capital needs and risks of lending.
The business
- PhysicsWallah runs online and offline exam-prep education.
- FinZ Finance is its wholly owned lending subsidiary.
- FinZ got its licence in September 2025 and began operating in February 2026.
In numbers
₹1,054 croreQ1 FY27 revenue · 2026
₹88 croreQ1 FY27 net loss · 2026
Words to know
- NBFC
- Non-banking financial company, a lender that is not a bank.
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FinZ Finance · News · 5 October 2026 · ₹95.79 CrPhysicsWallah's FinZ sells loan book to Auxilo
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