Belgian modular compliance and risk orchestration software provider Harmoney has secured a €10m strategic minority investment from Smile Sail, a private equity fund focused on European software and AI companies.
The evergreen investment fund will channel the new capital into three key areas: strengthening support for Harmoney’s existing customers, expanding its international go-to-market strategy, and accelerating AI-led product innovation within the Counterparty Risk Management sector.
The funding arrives during a significant period of regulatory change across Europe’s compliance landscape, as financial institutions face mounting pressure to modernise risk and due diligence processes.
One of the most notable developments is the EU’s Anti-Money Laundering Regulation, set to take effect on 10 July 2027, which will introduce a unified AML framework across all EU member states for the first time. At the same time, the European Anti-Money Laundering Authority, operational since July 2025, is working on technical standards expected to reshape customer due diligence, beneficial ownership verification and continuous monitoring practices. In parallel, the Digital Operational Resilience Act, which became enforceable in January 2025, has expanded regulatory obligations across third-party supply chains for thousands of financial organisations throughout the EU.
Harmoney’s platform enables financial institutions and regulated organisations to manage complex onboarding, compliance and risk workflows throughout the client and third-party lifecycle. The system integrates customers, counterparties, compliance teams, third-party data providers and internal systems within a single environment.
Its capabilities support a broad range of regulatory and risk management processes, including KYC, AML, MiFID, PEP, UBO, DORA, ESG and Third Party Risk Management. The platform is currently used by more than 70 financial institutions across seven countries, including clients such as Belfius, Baloise and Ayvens.
The wider market trend behind the investment reflects a broader industry move away from isolated and periodic compliance checks toward continuous and integrated counterparty risk management across the entire customer lifecycle. Harmoney is aiming to capitalise on this shift by expanding its orchestration capabilities throughout the broader Counterparty Risk Management market.
For current customers, the investment is expected to deliver wider product functionality, enhanced AI-powered features and greater international capabilities.
