Leading Swiss based online brokerage and banking firm Swissquote (SWX:SQN) has announced that four years after initially establishing Yuh as a joint venture, Swissquote is acquiring PostFinance’s 50% stake in the digital finance app, to take 100% ownership of Yuh.

Swissquote said that this decision was made unanimously by the partners and has been approved by the relevant authorities. Yuh can therefore continue its successful expansion strategy as the leading financial app in Switzerland, efficiently and effectively, with the support of Swissquote. Furthermore, Yuh’s range of products and services also perfectly complements that of its parent company. In a challenging market environment, PostFinance will enhance its focus on its strategic core competencies, while also advancing the development of its high-priority business units.

Swissquote had reported earlier this year that Yuh has turned profitable, earning a Net Profit of CHF 1.7 million in 2024. As of June 30, 2025, Yuh totaled 342,369 accounts for CHF 3.2 billion (USD $4.0 billion) of assets. The transaction values Yuh at CHF 180 million (USD $227 million). Swissquote paid part of the purchase price in the form of treasury shares, thereby strengthening PostFinance’s existing 5% stake in Swissquote.

Marc Bürki, CEO of Swissquote, said,

“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.”