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Fintech

PhysicsWallah's FinZ sells Rs 95.8 crore loan book to Auxilo

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PhysicsWallah's FinZ sells Rs 95.8 crore loan book to Auxilo

PhysicsWallah's wholly owned subsidiary FinZ Finance sold its Rs 95.79 crore student loan portfolio to RBI-registered NBFC Auxilo, signalling the edtech major is exiting consumer lending. Edtech founders considering financial products should note: embedded lending adds compliance, default and reputation risk; pure play edtech+credit is difficult to scale profitably.

Source: Entrackr ↗

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