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Keylane L&P 2023 annual report: Fuelling strong growth through strategic investments

KEYLANE July 9, 2024

Keylane Life & Pension’s 2023 annual report unveils a remarkable year of strategic investments and significant growth.

Key highlights include:

  • Consistent growth in Keylane Life & Pension with revenues approaching €56 million and an EBITDA margin of 17%
  • Our strategic flagship SaaS platform, Plexus, now accounts for over 50% of Keylane Life & Pension’s revenue, marking it our fastest growing industry solution
  • Significant investments in product development and cloud strategy, growing our workforce across the Netherlands, Denmark and India.

Over the past 2 years, Keylane Life & Pension has invested €14 million in our standard SaaS platform Plexus, developed for the life and pension industry. This strategic investment has not only driven remarkable revenue growth but also delivered significant value to our customers. Today, Plexus supports approximately 10 million policyholders across pension companies, pension funds and BPOs in the Netherlands and Denmark, powered by a team of more than 280 professionals.

Leon de Looff, CEO of Keylane Life & Pension, states: “These results underscore our unwavering commitment to excellence and innovation for our valued customers in the Netherlands and Denmark. Our consistent growth over the last years is a testament to the dedication and hard work of our talented Plexus team and our strategy to position Plexus as our strategic international platform.

We are particularly proud of our steadfast commitment to our home market in Denmark, where our strong management team continues to drive exceptional performance and deliver outstanding value. This includes servicing local customers and continuously developing Plexus, bringing innovation from Denmark to the rest of Europe. Together, we are well-positioned to build on this success and achieve even greater heights in the future.”

We extend our gratitude to our customers for their trust and support. Through close collaboration, we are empowering the life and pension industry to transform through technology.

Our remarkable revenue results and achievements were also acknowledged by the media. Please refer to the following articles featured in the Danish news outlet FinansWatch (available in Danish only):