Harmoney and Smile Sail announce a significant growth investment to accelerate international expansion in Counterparty Risk Management orchestration

Ghent, Belgium - Harmoney, a leading software provider for Counterparty Risk Management, and Smile Sail, an evergreen private equity fund focused on European Software and AI leaders, today announce a strategic minority investment of EUR 10 million in Harmoney to support the company's next phase of international growth.

Harmoney offers a modular software platform enabling financial institutions and regulated enterprises to orchestrate complex onboarding, compliance and risk workflows across the full client and third-party lifecycle. The platform seamlessly connects customers, counterparties, compliance teams, third-party data providers and core systems. Harmoney serves 70+ customers over 7 countries supporting various compliance processes including KYC, AML, MiFID, PEP, UBO, DORA, ESG and Third Party Risk Management (TPRM).

The European compliance landscape is entering a period of structural transformation. The EU's new Anti-Money Laundering Regulation (AMLR), which applies from 10 July 2027, will establish the first single AML rulebook across all Member States, while the European Anti-Money Laundering Authority (AMLA), operational since July 2025, is already preparing the technical standards that will reshape how financial institutions run customer due diligence, beneficial ownership checks and ongoing monitoring. In parallel, the Digital Operational Resilience Act (DORA), enforceable since January 2025, has extended regulatory accountability deep into third-party supply chains for the tens of thousands of financial entities it covers in the EU.

Against this backdrop, compliance is shifting away from periodic, siloed checks (with separate tools for KYC, AML, MiFID, UBO, ESG and Third Party Risk Management) toward continuous, orchestrated Counterparty Risk Management across the full lifecycle. Harmoney is responding to this structural market evolution by expanding its orchestration capabilities across the broader Counterparty Risk Management landscape.

The investment from Smile Sail will support Harmoney in deepening its commitment to existing clients, scaling its international go-to-market organization and further investing in its AI-driven product innovation for Counterparty Risk Management.

Thomas Van Maele, Co-founder and CEO of Harmoney, commented: 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. As Counterparty Risk Management continues to evolve beyond traditional KYC and AML processes, we are realizing the unique opportunity to further scale our platform internationally. Hence, 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.

Ronald Kemmeren, Partner at Smile Sail, added: Harmoney is the emerging European market leader in Counterparty Risk Management software. The market is moving decisively away from fragmented point solutions toward integrated orchestration platforms. With AMLR, DORA and the broader Counterparty Risk Management agenda accelerating demand across Europe, Harmoney is at the centre of this shift. Its software is mission-critical for its blue chip customer base, onboarding and monitoring millions of counterparties each day, and serving as the daily system of record that gives compliance teams a real-time view on their compliance position. Harmoney has strong market momentum and has only scratched the surface of the opportunity ahead. We look forward to supporting Thomas Van Maele, Wouter Haerick and the rest of the team on their growth journey.

About Harmoney

Founded in 2016 and headquartered in Ghent, Belgium, Harmoney provides a next-generation digital platform for the orchestration of Counterparty Risk Management. Its modular solution enables banks, insurers, wealth managers, investment funds, asset leasing firms and professional service providers to manage complex onboarding and end-to-end compliance and risk processes, covering KYC, AML, MiFID, PEP, UBO, DORA, ESG and Third Party Risk Management (TPRM) across the full counterparty lifecycle and in every jurisdiction. Today, Harmoney is trusted by more than 70 financial institutions across 7 countries, including Belfius, Baloise and Ayvens, monitoring millions of counterparties every day.

About Smile Sail

Smile Sail invests alongside entrepreneurs and management teams as they scale their companies into Software and AI leaders (SAIL). Smile Sail invests through an evergreen private equity fund of EUR 275 million, focused on software, AI and IT services companies. Smile Sail is part of the Smile group of funds, with assets under management (AUM) approaching EUR 1 billion, and is exclusively backed by influential families, entrepreneurs and captains of industry. 

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