Harmoney banked €10 million in a growth funding round led by Smile Sail. The Ghent-based fintech plans to use the capital to scale its international go-to-market operations and continue product development within its risk management suite.
Harmoney provides a modular software platform designed to manage complex onboarding and compliance workflows for financial institutions. The system orchestrates end-to-end processes across the client lifecycle, covering regulatory requirements such as KYC, AML, MiFID, and the Digital Operational Resilience Act (DORA). The technology also handles ESG reporting and third-party risk management for both customers and counterparties.
Founded in 2016, the company currently serves over 70 financial institutions across seven countries, including Belfius, Baloise, and Ayvens. The investment from Smile Sail—the evergreen private equity fund formerly known as Smile Invest—marks a strategic move to capture market share as the EU prepares for the 2027 Anti-Money Laundering Regulation (AMLR), which will standardise diligence rules across member states.
The shift from periodic, siloed compliance checks toward continuous, automated orchestration defines the current phase of the European regtech market as firms prepare for a unified regulatory rulebook.
Originally reported by EU-Startups Daily.