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Swiss online bank Swissquote has completed the full acquisition of digital finance app Yuh, purchasing PostFinance's 50% stake in the joint venture established four years ago. The transaction values Yuh at CHF 180 million and has received approval from relevant authorities.
The acquisition allows Swissquote to integrate Yuh's operations more closely with its existing services, whilst PostFinance refocuses on its core strategic competencies. The deal was structured partly through treasury shares, which strengthens PostFinance's existing 5% shareholding in Swissquote.
As of 30 June 2025, Yuh managed 342,369 accounts with CHF 3.2 billion in assets under management. The acquisition expands Swissquote's total account base to over one million, reaching 1,050,762 accounts as of the same date.
Marc Bürki, CEO of Swissquote
Marc Bürki, CEO of Swissquote, commented: "We remain committed to our successful, long-standing partnership with PostFinance. Today's step allows us to integrate Yuh optimally into our overall offering, and expands our support to over one million accounts (30 June 2025: 1'050'762 accounts), a development which is expected to have a positive impact on Swissquote's market perception. The full acquisition of Yuh will further enable Swissquote to capitalise on the inherent synergies between the two companies."
The move comes as Switzerland's financial services sector continues to evolve, with traditional banks seeking to strengthen their digital offerings to compete with emerging fintech platforms. Yuh positions itself as Switzerland's leading financial app, offering digital banking and investment services to retail customers.
The transaction represents a strategic consolidation in the Swiss digital banking space, allowing Swissquote to gain full control over Yuh's growth trajectory and product development whilst maintaining its partnership with PostFinance through the enhanced shareholding arrangement.
