PhysicsWallah Exits Student Financing, Partners with NBFCs

PhysicsWallah has decided to discontinue its student financing operations. The edtech company is shifting its strategy regarding financial services for students. Instead of managing financing directly, it will partner with NBFCs. This move indicates a strategic pivot away from in-house lending activities. The partnerships with Non-Banking Financial Companies will handle future loans. This change aims to streamline the company's core business focus. The development was reported by the financial publication Business Standard. Students will now access financing through these third-party NBFC partners.