Zango AI, a regulatory compliance solution using artificial intelligence alongside subject-matter experts, has raised fresh funding to expand its reach and product offering.
The company has secured $4.8m in a round led by Nexus Venture Partners, with participation from South Park Commons, Richard Davies, CEO of Allica Bank, Alan Morgan, former head of financial services at McKinsey (EMEA), Mark Ransford, Notion Capital, No Label Ventures and Start Ventures.
Zango’s platform helps global financial institutions automate horizon scanning, gap analysis and controls testing. It is already in use by banks including Novobanco in Portugal and neobanks across the UK and EU, such as Monzo and Juni.
The company’s approach is to transform the complex and manual regulatory environment faced by financial institutions into a clear and actionable compliance process, enabling businesses to navigate regulations efficiently.
The newly raised funds will be used to expand Zango’s teams in London and Bengaluru while building out additional product modules for its AI-native GRC (governance, risk and compliance) platform. Zango also plans to broaden its reach into other financial services sectors including insurance and asset management, beyond its current focus on banking.
The company was co-founded in 2024 by Ritesh Singhania and Shashank Agarwal, both second-time founders with deep experience in regulatory technology. Ritesh previously founded ClearGlass, a pension compliance platform, and served as head of technology at Simplitium, while Shashank co-founded Third Watch, an AI-powered fraud detection startup acquired by Razorpay, and led trust and compliance engineering at PhonePe.
Zango’s platform integrates regulation-specific large language models to interpret and track regulatory changes in real time, making compliance as straightforward as a simple query. In one example, Zango helped reduce a bank’s workflow with a regulator from 48 hours to under four, illustrating how AI can streamline compliance into a continuous, always-on process.
Zango AI co-founder Ritesh Singhania said, “Traditional SaaS stops at KYC and AML, leaving the rest of compliance buried in spreadsheets and manual reviews. Zango changes that. Our 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.”
Nexus Venture Partners partner Anand Datta 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.”
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