Banks Yuh financial app reaches break-even point earlier than expected

The financial app Yuh, which is owned equally by Swissquote and Postfinance, broke even last year. This was one year earlier than planned, according to a press release issued on Tuesday.

Keystone-SDA

11.03.2025, 07:50

SDA

It is remarkable that this "milestone" was reached less than four years after the launch. The net profit for 2024 is estimated at 1.7 million francs.

The basis for this was strong customer growth. Specifically, more than 300,000 people are now using the app, compared to around 200,000 a year ago.

Customer assets have even doubled in the space of a year. They are estimated at 3 billion Swiss francs.

For Yuh CEO Markus Schwab, the figures achieved are an "incentive to continue to grow and challenge traditional banking".