Ghent-based software company Harmoney has secured a €10 mn strategic minority investment from Smile Sail. Smile Sail is an evergreen private equity fund focused on European software and AI companies.
Founded in 2016, Harmoney will use the funding to support international growth, strengthen client support, and accelerate AI-driven product development.
The company focuses on counterparty risk management for financial institutions and regulated businesses. Harmoney provides a modular platform for onboarding, compliance, and risk workflows. Its software supports the full client and third-party lifecycle across multiple jurisdictions.
The system covers processes including KYC, AML, MiFID, PEP, UBO, DORA, ESG, and third-party risk management. The platform is designed for firms facing heavier regulatory demands and more continuous compliance checks.
Harmoney said the European regulatory environment is changing quickly. The upcoming EU AML Regulation in 2027, the operational European Anti-Money Laundering Authority, and the enforceable Digital Operational Resilience Act are pushing companies toward more unified compliance processes.
The company serves more than 70 financial institutions across seven countries. It monitors millions of counterparties daily.
Harmoney sees growth as compliance moves beyond traditional KYC and AML checks. The market is shifting toward integrated, lifecycle-based counterparty risk management.
Co-founder and CEO Thomas Van Maele said Harmoney was built to reduce the burden of compliance and risk management processes. He said the goal is to let clients focus on trusted relationships with customers and counterparties. “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.
Van Maele said counterparty risk management is expanding beyond traditional KYC and AML. He said Smile Sail brings entrepreneurial experience, sector knowledge, and a record of scaling B2B software companies internationally.
As Counterparty Risk Management continues to evolve beyond traditional KYC and AML processes, we are realising the unique opportunity to further scale our platform internationally.
Thomas Van Maele, co-founder and CEO of Harmoney
“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.”
