Harmoney welcomes Smile Sail as a strategic minority investor
21 May 2026Today, Harmoney announces a strategic minority investment of EUR 10 million from Smile Sail, an evergreen private equity fund focused on European Software and AI leaders. The investment supports the next phase of international growth as Harmoney expands its orchestration capabilities across the broader Counterparty Risk Management landscape.
What this investment is about
Harmoney offers a modular software platform that enables financial institutions and regulated enterprises to orchestrate complex onboarding, compliance and risk workflows across the full client and third-party lifecycle. The platform connects customers, counterparties, compliance teams, third-party data providers and core systems. It supports KYC, AML, MiFID, PEP, UBO, DORA, ESG and Third Party Risk Management processes for more than 70 financial institutions across 7 countries.
The investment from Smile Sail will support Harmoney in three priorities:
- Deepening commitment to existing clients
- Scaling the international go-to-market organization
- Further investing in AI-driven product innovation for Counterparty Risk Management
A compliance landscape in structural transformation
The market context behind this investment is clear.
The European compliance landscape is entering a period of structural transformation, shaped by a series of regulations that move accountability from periodic, siloed checks toward continuous oversight.
- 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.
- 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.
A shared view from the partners
Ronald Kemmeren, Partner at Smile Sail, frames the investment as a bet on where the Counterparty Risk Management market is heading:
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.
For Thomas Van Maele, Co-founder and CEO of Harmoney, the decision to bring Smile Sail on board reflects both market timing and partner fit:
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.
What comes next
For the 70+ financial institutions across 7 countries already running Harmoney, including Belfius, Baloise and Ayvens, the investment translates into more product, more AI, and more international coverage. For the broader market, it confirms a direction of travel: orchestration is no longer a thesis, it is the way Counterparty Risk Management is being run.
Harmoney will continue to build out its platform across KYC, AML, MiFID, PEP, UBO, DORA, ESG and Third Party Risk Management, with a single objective: enabling financial institutions to manage the full counterparty lifecycle in one orchestrated environment.
Harmoney offers a cutting-edge digital platform that streamlines intricate onboarding and compliance procedures, featuring automated screening functionalities. Interested in discovering more about our innovative solution? Reach out to us for further details or stay in touch via our newsletter ⬇️.