just now
The Swissquote and PostFinance owned finance app Yuh has reached profitability less than four years after its launch, the company announced today.
With more than 300,000 users and customer assets of 3 billion CHF, Yuh reported its first profit of 1,700,000 CHF for the period ending December 2024. The company describes itself as the number one Swiss financial app.
The announcement highlighted significant growth metrics, with the number of accounts increasing by 48% and customer assets doubling during 2024 compared to the previous year.
"We originally planned to break even by 2025 – a sign that a well-thought-out strategy, decisive action and an unwavering focus on our customers can achieve great things. However, this success is not an excuse to rest on our laurels, but rather an incentive to continue growing, challenge traditional banking and inspire even more people with constant innovation," said Markus Schwab, CEO of Yuh.
The app is backed by PostFinance and Swissquote, whose executives also commented on the milestone.
Beat Röthlisberger, CEO of PostFinance, added: "At PostFinance, we are extremely proud to be part of Yuh's success story. Becoming the most popular finance app in Switzerland in record time is a great achievement. We look forward to seeing what Yuh will achieve next."
Marc Bürki, CEO of Swissquote, emphasised the strategic significance of the app's performance: "Yuh's success shows that we are ideally positioned to continue to grow and drive innovation. Our focus is on sustainable growth and continuous development. With a clear strategy and the right drive, we will continue to set new standards in the financial world in the future."
