Swissquote Rises 7% After Acquiring Full Ownership of Yuh App

Swissquote rises 7% after acquiring full ownership of Yuh App

Swissquote Acquires Full Ownership Of Yuh In CHF 180 Million Deal - FinanceFeeds

Swissquote has acquired PostFinance’s 50 percent stake in Yuh, taking full control of the digital finance app four years after the joint venture was launched. The decision, unanimously approved by both partners and relevant authorities, allows Yuh to continue its growth under Swissquote’s leadership while PostFinance shifts focus to its core priorities. Launched in 2021, Yuh offers app-based services for payments, savings, and investments. As of…

Postfinance Sells Yuh Participation to Swissquote - Fintech Schweiz Digital Finance News - FintechNewsCH

Four years after the launch of the joint venture Yuh, PostFinance has sold its 50 percent participation to Swissquote. This was a mutual decision by Swissquote and PostFinance. It will enable Yuh to continue its expansion strategy in a more efficient and targeted manner. For its part, PostFinance wants to focus on the core elements of its strategy and, in the current challenging market environment, boost the units within its own company that are…

Postfinance Bids Farewell to Yuh

The finance app Yuh is now fully owned by a single company. Four years after the launch of the joint venture, Swissquote has acquired Postfinance’s 50 percent stake. The transaction is justified with the rationale that Yuh can grow more efficiently and with greater focus under a single partner.