London and Bengaluru-based regulatory technology startup Zango has raised $4.8 million (£3.5 million) in a seed funding round led by Nexus Venture Partners, a global venture capital firm managing over $2.6 billion. Other investors include South Park Commons, Richard Davies (CEO of Allica Bank), Alan Morgan (former Head of Financial Services at McKinsey EMEA), Mark Ransford of Notion Capital, No Label Ventures and Start Ventures.
The funding will help expand Zango’s teams in London and Bengaluru and speed up the development of new modules for its AI-native Governance, Risk and Compliance (GRC) platform. The company also plans to broaden its client base beyond banking, targeting insurance and asset management firms.
Founded in 2024 by second-time entrepreneurs Ritesh Singhania and Shashank Agarwal, Zango combines advanced AI-powered agents with human expertise to deliver a next-generation approach to compliance. Its regulation-specific Large Language Models (LLMs) continuously monitor regulatory updates, perform real-time compliance gap analysis and keep firms audit-ready—eliminating manual, error-prone processes that slow down traditional workflows.
“Our regulation-aware AI agents continuously track regulatory updates, identify compliance gaps in real time, and keep firms audit-ready—no operational drag, no surprises,” said Ritesh Singhania, Zango’s co-founder. He stressed that unlike conventional solutions focused on Know Your Customer and Anti-Money Laundering checks, Zango covers the full regulatory landscape, making compliance adaptive and ongoing. One client reduced a regulatory process from 48 hours to under four hours, highlighting the platform’s potential to transform efficiency.
Zango’s platform allows compliance teams to ask questions as simply as using a search engine, such as, “I want to launch a lending product in [Y] market, what do I need to do?” This instant access enables faster product launches and market entry, turning compliance into a growth driver rather than a cost burden.
The firm already counts major clients, including Novobanco in Portugal and UK and EU neobanks Monzo and Juni. Lara Reis, Head of Regulatory Affairs at Novobanco, said the platform had saved hundreds of hours of manual work, allowing her team to focus on strategic priorities. Sabina Ausfelt, Head of Compliance at Juni, described Zango as a “game-changer” for regulatory scanning and risk management.
Anand Datta of Nexus Venture Partners praised Zango’s innovative approach, blending AI with regulatory expertise to boost efficiency at financial institutions worldwide.
With offices in London, San Francisco and Bengaluru, Zango’s platform is designed for security and scalability, holding SOC 2 Type II and ISO 27001 certifications—key credentials for safeguarding sensitive data. Zango’s rise reflects a wider shift in financial services towards AI-driven compliance solutions. By reducing reliance on manual processes and embedding compliance into everyday operations, Zango helps firms adopt a more proactive, accurate and streamlined approach. Its work supports the UK’s ambition to lead in responsible AI innovation, demonstrating how technology can simplify regulatory complexity while fostering growth and trust in financial services.
Armed with fresh investment, Zango is well positioned to strengthen its foothold in the regulatory technology space and drive lasting change in how the industry approaches compliance.
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