Chemist Warehouse takes stake in BNPL fintech Fu
Pharmacy giant Chemist Warehouse has thrown its weight behind buy now-pay later newcomer Fu, taking a stake in the company and committing to roll out its Fupay card in chemists and online stores nationally.
Chemist Warehouse co-founder and chairman Jack Gance, who oversees Australia’s sixth largest retailer, said he had observed the rapid growth of BNPL platforms but none had the functionality, sophistication and consumer benefits of Fupay.
Fu’s Fupay is a BNPL virtual card that matches customer spending with revenue, helping younger customers with budgeting and cash flow forecasts across future pay cycles.
It’s pitched as the “responsible BNPL” – and has now found support from Gance and Chemist Warehouse.
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