Monegasque company Fintech KeeSystem, which specialises in digital tools dedicated to wealth management for independent companies and family offices around the world, is extending its shareholding with Ebene, the Luxembourg-based holding company of the Dalmaz family.
Pierre Dalmaz’s family holding company Ebene has just acquired 75% of the shares of Monaco-based Fintech KeeSystem from Chairman and Founder Pierre-Alexandre Rousselot. Rousselot will continue to manage and develop KeeSystem with their new partner’s support.
Founded in 2009, fintech KeeSystem was a pioneer start-up of MonacoTech, the incubator created by Xavier Niel, Monaco Telecom and the Prince’s government, to meet the needs of wealth managers while preparing the expanded digital world of the future.
Since its inception, KeeSystem, Monaco’s first wealthtech, has continued to expand to other major financial centres in Switzerland, France, Luxembourg, Belgium, Russia and Brazil, and today boasts an annual turnover of roughly €2 million.
The company seat remains Monaco-based while operations are carried out in Switzerland, where they digitise the daily management of independent wealth management companies and family offices to streamline operations.
Their software is said to improve management efficiency in terms of services provided, profitability and development of user activities. It is a digital asset management solution known for its qualities and ease of integration and allows users to consolidate and analyse in real time all the securities portfolios deposited in client’s banks. This gives them a visualisation of the cash flow and the exposure of their portfolios.
“KeeSystem’s mission is to empower each user quickly, in order to capitalise on the investment as quickly as possible,” says Pierre-Alexandre Rousselot, founder of KeeSystem. “To do this, we ensure the transfer of skills through various educational supports, such as training, workshops and tutorials.”
The wealthtech industry is a fast-grower, with the sector more than tripling since 2016 from $2.8 billion to $9.3 billion at the end of 2020.
Ebene, for its part, operates in four areas of activity in France and internationally, which are IT consulting, IT publishing, expertise in industrial and real estate assets and hotels.
“I am very satisfied to welcome KeeSystem to the Ebene Group,” Pierre Dalmaz, President of Ebene, said of the merger. “It has a successful financial solution benefiting from the latest innovative technologies which will enable wealth managers and family offices to be more efficient thanks to the management of their assets, provided by KeeSense. This technology fills a proven need to bring these structures directly into the digital world. Prospects will be reassured about the longevity of Kee System, which backs on to the Ebene family group, which achieves a booming turnover of €100 million.”
The feeling is clearly mutual, with Rousselot adding: “I am happy to join the Ebene Group to be able to accelerate the development of KeeSystem with its team which already has extensive experience in this field. KeeSystem already has a solid foundation of about 30 customers and KeeSense meets their needs very well. Our desire for growth should be driven by the potential of the wealth management market. Our goal is to triple our turnover and the number of clients internationally over the next five years in countries where wealth management is most active. I look forward to this new challenge.”
Photo of KeeSystem Chairman and Founder Pierre-Alexandre Rousselot