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Investing.com -- Swissquote (SIX:SQN) shares climbed 7% on Monday after the company announced it had acquired PostFinance’s 50% stake in Yuh, taking full ownership of the Swiss digital finance app.
The transaction, approved by the relevant authorities, marks the end of the joint venture established four years ago between the two companies.
Swissquote said the decision to transfer ownership was made unanimously. With complete control, the bank plans to support Yuh’s continued expansion as a standalone financial platform in Switzerland.
The deal also aligns Yuh’s services more closely with Swissquote’s broader offerings.
Yuh became profitable in 2024, reporting a net profit of CHF 1.7 million. As of June 30, 2025, the app managed 342,369 accounts and CHF 3.2 billion in client assets. The deal values Yuh at CHF 180 million.
Swissquote financed part of the acquisition using treasury shares, which also increased PostFinance’s equity stake in Swissquote from its prior 5% holding.
PostFinance, one of Switzerland’s major retail financial institutions, said it will redirect its strategic focus to high-priority business areas and core competencies amid a challenging market environment.
The move gives Swissquote full flexibility over the platform’s development as competition intensifies in Switzerland’s digital banking sector.
Yuh has positioned itself as a mobile-first solution offering payments, investing, and saving tools aimed at younger users.