Podcast: Bank to the future - Michael Fredericks, Founder and CEO of Fu (Ep 7)

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Chris Titley
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By Chris Titley
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28 July 2020, 11:00 AM

In episode 7 of the Bank to the future podcast series, I speak with Michael Fredericks, Founder and CEO of Fu.

Fu is a first of it’s kind lifestyle management platform allowing millennials to better understand their cashflow needs.

Fu has built predictive analysis over the top of their users data, to assist with their day to day living.

Fu also combines BNPL capabilities to various expenses that are required – such as groceries and household bills.

Michael talks about why he built Fu, the decline in credit card usage, the need for smaller more customised credit as well as some of Fu’s future ambitions.

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From July 1, 2020 Open Banking in Australia is now active. To document this change, as well as other current and future trends in banking and payments, Morgans Financial is launching the “Bank to the future”, podcast series. This podcast is designed to educate investors by profiling and introducing companies and individuals within the digital and traditional banking landscape, payments, lenders, Buy now pay later (BNPL) and many other partners within the domestic and global ecosystem. Click on the 'Podcast' tag in the menu to the right to listen to the most recent interviews. Please contact your nearest Morgans office for more information.

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.

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