Harmoney, a Belgian modular compliance and risk orchestration software provider, has received a €10m strategic minority investment from Smile Sail, a private equity fund specialising in European software and AI businesses.
The capital injection from Smile Sail, which operates as an evergreen fund, will be directed toward three priorities: deepening support for Harmoney’s existing client base, scaling its international go-to-market operations, and accelerating AI-driven product development within the Counterparty Risk Management space.
The investment comes at a pivotal moment for the European compliance sector. A sweeping regulatory transformation is reshaping how financial institutions manage risk and due diligence.
The EU’s Anti-Money Laundering Regulation, which takes effect from 10 July 2027, will establish a single AML rulebook across all member states for the first time. Meanwhile, the European Anti-Money Laundering Authority, which became operational in July 2025, is actively developing the technical standards that will redefine how firms conduct customer due diligence, beneficial ownership verification and ongoing monitoring. Separately, the Digital Operational Resilience Act, enforceable since January 2025, has extended regulatory accountability deep into third-party supply chains for tens of thousands of financial entities operating across the EU.
Harmoney’s platform is designed to enable financial institutions and regulated enterprises to orchestrate complex onboarding, compliance and risk workflows across the full client and third-party lifecycle. It connects customers, counterparties, compliance teams, third-party data providers and core systems in a single environment, supporting processes including KYC, AML, MiFID, PEP, UBO, DORA, ESG and Third Party Risk Management. The platform is currently deployed at more than 70 financial institutions across seven countries, with clients including Belfius, Baloise and Ayvens.
The broader market context underpinning this deal points to a structural shift away from periodic, siloed compliance checks — with separate tools for each regulatory obligation — toward continuous, orchestrated management of counterparty risk across the entire client lifecycle. Harmoney is positioning itself to capitalise on this transition by expanding its orchestration capabilities across the wider Counterparty Risk Management landscape.
For existing clients, the investment is expected to translate into broader product coverage, enhanced AI capabilities and expanded international reach.
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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