Zango AI, a regulatory compliance startup, has raised $4.8 million in a seed funding round led by Nexus Venture Partners with participation from South Park Commons, Notion Capital, No Label Ventures and Start Ventures.
The round also saw participation from angel investors including Richard Davies (CEO of Allica Bank), Alan Morgan (Senior Partner, Financial Services at McKinsey -EMEA and Chairman Adfisco) and Mark Ransford.
The funds raised will be used to expand teams in London & Bengaluru, along with building out the other product modules for an AI-native Governance Risk and Compliance (GRC). Zango will expand into other verticals of financial services as well, outside of banking to insurance and asset management.
Founded in 2024 by Ritesh Singhania and Shashank Agarwal, Zango is a regulatory compliance solution that leverages AI alongside trusted subject-matter experts to automate horizon scanning, gap analysis, and controls testing for global financial institutions.
Zango’s regulation-aware AI agents continuously track regulatory updates (horizon scanning), identify compliance gaps in real time, and keep firms audit-ready — no operational drag, no surprises.
The company operates globally with offices in London, San Francisco and Bengaluru.
Zango is actively used by established banks such as Novobanco, the fourth-largest bank in Portugal, and is gaining traction with leading neo banks in the EU and UK, including Monzo and Juni.
Ritesh Singhania, Co-founder of Zango said, “We don’t sell a platform — we sell a solution. Our AI agents are paired with humans-in-the-loop to ensure 100% accuracy. Peace of mind doesn’t come from a tool; it comes from a result. That’s why we win against consultants — because they don’t just sell software, and neither do we.”
Anand Datta, Partner at Nexus Venture Partners, said, “The global regulatory landscape is ripe for disruption. Ritesh and Shashank, with their firsthand, proven expertise, developed Zango’s first-principles approach: uniquely marrying cutting-edge AI with human compliance expertise. Their AI-led solution is already augmenting the compliance team and increasing their efficiency at global financial institutions. We’re incredibly excited to be part of their journey.”
