Harmoney, a modular compliance and risk orchestration software provider, has secured a €10m strategic minority investment from Smile Sail, an evergreen private equity fund targeting European software and AI companies.
The funding comes from Smile Sail, whose backing is intended to support Harmoney across three core priorities: deepening relationships with its existing client base, growing its international go-to-market operation, and accelerating AI-driven product development within the Counterparty Risk Management space.
The investment arrives at a moment of significant regulatory change across Europe. The EU’s Anti-Money Laundering Regulation, which comes into force on 10 July 2027, will introduce a unified AML rulebook across all member states for the first time.
Meanwhile, the European Anti-Money Laundering Authority, which became operational in July 2025, is already developing the technical standards that will govern how financial institutions approach customer due diligence, beneficial ownership verification and continuous monitoring.
Separately, the Digital Operational Resilience Act, which became enforceable in January 2025, has broadened regulatory accountability to include third-party supply chains for the many thousands of financial entities it covers across the EU. Together, these shifts are pushing institutions away from fragmented, periodic compliance checks towards continuous, end-to-end Counterparty Risk Management.
Harmoney’s platform is built to help financial institutions and regulated enterprises orchestrate complex onboarding, compliance and risk workflows across the complete client and third-party lifecycle. Its technology connects customers, counterparties, compliance teams, third-party data providers and core systems, supporting KYC, AML, MiFID, PEP, UBO, DORA, ESG and Third Party Risk Management processes. The company currently works with more than 70 financial institutions across seven countries, including Belfius, Baloise and Ayvens.
For existing clients, the new capital is expected to translate into enhanced product capabilities, expanded AI functionality and broader international coverage. The company plans to continue developing its platform across its full suite of compliance and risk capabilities, with the goal of enabling financial institutions to manage the entire counterparty lifecycle within a single orchestrated environment.
Harmoney CEO & co-founder Thomas Van Maele said, “We founded Harmoney to take the burden out of compliance and risk management processes, so that our clients can focus on what truly matters: building trusted relationships with their customers and counterparties. We are excited to bring Smile Sail on board as our new investor on this growth journey as they bring entrepreneurial DNA, deep sector expertise and proven track record of scaling B2B software companies internationally.”
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