Cembra Money Bank AG
/ Key word(s): Acquisition
Acquisition of Byjuno completed
01.11.2022 / 07:00 CET/CEST
Zurich – Cembra today announces the completion of its acquisition of Byjuno AG and Intrum Finance Services AG. The business will be consolidated from the beginning of November 2022.
On 30 September, Cembra reported that it had entered into an agreement with Intrum AG to acquire 100% of the shares of Byjuno AG and its sister company Intrum Finance Services AG. Cembra intends to combine Byjuno with its subsidiary Swissbilling to create a leading provider of invoice payment solutions with the aim to establish compelling solutions for pay-by-invoice services in Switzerland. With this acquisition, Cembra is taking another step to deliver on its strategy of expanding its embedded finance solutions, with payment and financing options directly integrated into partner and customer journeys.
Marcus Händel, Head Investor Relations & Sustainability,
+41 44 439 85 72, investor.relations@cembra.ch
About Cembra Money Bank
Cembra is a leading Swiss provider of financing solutions and services. Our product range includes consumer credit products such as personal loans and auto leases and loans, credit cards, the insurance sold in this context, invoice financing, and deposits and savings products.
We have over 1 million customers in Switzerland and employ about 1,000 people from 42 different countries. We have our headquarters in Zurich and operate across Switzerland through our network of branches and our online distribution channels, as well as through our credit card partners, independent intermediaries and car dealers.
We have been listed as an independent Swiss bank on the SIX Swiss Exchange since October 2013. Cembra is rated A– by Standard & Poor’s and is a constituent of the MSCI ESG Leaders Indexes as well as in the 2022 Bloomberg Gender Equality Index.
Cembra Money Bank AG, formerly known as GE Money Bank AG, is a Switzerland-based consumer finance bank. It operates through a domestic distribution and sourcing network that includes approximately 25 branches, as well as 200 agents, 3000 auto dealers, credit card partner agreements and online channels. Its offering is diversified into loans, credit cards, leasing, insurance and savings. The loans business focuses on the provision of personal loans. The credit card business engages credit card provision. The leasing business provides leasing services, including automobile, motorcycle and caravan leasing, among others. The insurance business provides insurance solutions, including payment insurance and credit card insurance. The savings business provides saving solutions, including deposit accounts and investment instruments.
CEMBRA MONEY BANK AG 
