Harmoney, a Ghent-based software program supplier for Counterparty Threat Administration, has introduced a strategic minority funding of €10 million from Smile Sail, an evergreen non-public fairness fund targeted on European Software program and AI leaders.
With this capital, Harmoney plans to deepen its dedication to current purchasers, scale its worldwide go-to-market organisation, and make investments additional in its AI-driven product innovation for Counterparty Threat Administration.
Thomas Van Maele, co-founder and CEO of Harmoney, commented, “We based Harmoney to take the burden out of compliance and danger administration processes, in order that our purchasers can deal with what actually issues: constructing trusted relationships with their clients and counterparties.
“As Counterparty Threat Administration continues to evolve past conventional KYC and AML processes, we’re realising the distinctive alternative to additional scale our platform internationally. Therefore, we’re excited to deliver Smile Sail on board as our new investor on this development journey as they create entrepreneurial DNA, deep sector experience and confirmed monitor report of scaling B2B software program corporations internationally.”
Based in 2016, Harmoney provides a modular software program platform enabling monetary establishments and controlled enterprises to orchestrate advanced onboarding, compliance and danger workflows throughout the complete consumer and third-party lifecycle.
The corporate states that its modular resolution permits banks, insurers, wealth managers, funding funds, asset leasing companies {and professional} service suppliers to handle advanced onboarding and end-to-end compliance and danger processes. These embrace KYC, AML, MiFID, PEP, UBO, DORA, ESG and Third Get together Threat Administration (TPRM) throughout the complete counterparty lifecycle and in each jurisdiction.
In keeping with the corporate, the European compliance panorama is getting into a interval of structural transformation. It notes that the EU’s new Anti-Cash Laundering Regulation (AMLR), efficient from 10 July 2027, will create the primary unified AML rulebook for all Member States. The European Anti-Cash Laundering Authority (AMLA), which has been operational since July 2025, is already making ready the technical requirements that can remodel how monetary establishments carry out buyer due diligence, confirm useful possession, and conduct ongoing monitoring.
In the meantime, the Digital Operational Resilience Act (DORA), which has been enforceable since January 2025, has prolonged regulatory tasks to incorporate third-party provide chains for the hundreds of economic entities it regulates inside the EU, says Harmoney.
Towards this backdrop, compliance is shifting away from periodic, siloed checks (with separate instruments for KYC, AML, MiFID, UBO, ESG and Third Get together Threat Administration) towards steady, orchestrated Counterparty Threat Administration throughout the complete lifecycle. Harmoney claims to reply to this structural market evolution by increasing its orchestration capabilities throughout the broader Counterparty Threat Administration panorama.
Presently, Harmoney caters to over 70 monetary establishments throughout 7 nations, together with Belfius, Baloise and Ayvens, and reportedly screens hundreds of thousands of counterparties on daily basis.
Ronald Kemmeren, Accomplice at Smile Sail, mentioned, “Harmoney is the rising European market chief in Counterparty Threat Administration software program. The market is transferring decisively away from fragmented level options towards built-in orchestration platforms. With AMLR, DORA and the broader Counterparty Threat Administration agenda accelerating demand throughout Europe, Harmoney is on the centre of this shift.
“Its software program is mission-critical for its blue chip buyer base, onboarding and monitoring hundreds of thousands of counterparties every day, and serving because the each day system of report that provides compliance groups a real-time view on their compliance place. Harmoney has sturdy market momentum and has solely scratched the floor of the chance forward.”
Smile Sail invests alongside entrepreneurs and administration groups as they scale their corporations into Software program and AI leaders (SAIL). It invests by way of an evergreen non-public fairness fund of €275 million, targeted on software program, AI and IT companies corporations. Smile Sail is a part of the Smile group of funds, with property below administration (AUM) approaching €1 billion. It’s completely backed by influential households, entrepreneurs and captains of business.
