 Fu was educated in Nanyang Girls' High School and Hwa Chong Junior College, before going on to the National University of Singapore where she completed a Bachelor of Accountancy (Honours) in 1985 and a Master of Business Administration in 1991.Fu is married to technopreneur Dr Ivan Lee and the couple has three sons.Her grandmother, Liew Yuen Sien, was the principal of Nanyang Girls' High School.