AI compliance startup Zango has secured $4.8 million in a seed funding round led by Nexus Venture Partners. The round also saw participation from South Park Commons—Zango’s first backer and incubator—as well as notable investors including Richard Davies (CEO of Allica Bank), Alan Morgan (Senior Partner for Financial Services at McKinsey EMEA and Chairman of Adfisco), Mark Ransford of Notion Capital, No Label Ventures, and Start Ventures.
The newly raised capital will support team expansion in London and Bengaluru and fuel the development of additional product modules for Zango’s AI-native Governance, Risk, and Compliance (GRC) platform. The company also aims to broaden its reach beyond banking to include other financial services sectors, such as insurance and asset management.
Zango, meanwhile, leverages regulation-aware AI agents to continuously monitor regulatory changes through horizon scanning. As a result, it can detect compliance gaps in real time and ensure that firms stay audit-ready—without causing operational slowdowns or unexpected surprises.
“We don’t sell a platform—we sell a solution,” said Ritesh Singhania, co-founder of Zango. “Our AI agents are paired with humans-in-the-loop to ensure 100 per cent 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.”
The AI compliance startup stated that Novobanco—Portugal’s fourth-largest bank—and other established financial institutions already use Zango, while leading neobanks in the EU and UK, including Monzo and Juni, continue to adopt the platform.
Serial entrepreneurs Ritesh Singhania and Shashank Agarwal co-founded the startup, bringing deep expertise in regulatory technology. Singhania founded ClearGlass, a pension compliance platform, and served as Head of Technology at Simplitium, which NASDAQ later acquired. Agarwal co-founded Third Watch, an AI-driven fraud detection startup acquired by Razorpay (valued at over $7.5 billion), and later led trust and compliance engineering at PhonePe, which is preparing for India’s largest IPO.
“The global regulatory landscape is ripe for disruption,” said Anand Datta, partner at Nexus Venture Partners. “Ritesh and Shashank, with their first-hand, proven expertise, developed Zango’s first-principles approach: uniquely marrying cutting-edge AI with human compliance expertise. Their AI-led solution is already augmenting compliance teams and increasing their efficiency at global financial institutions. We’re incredibly excited to be part of their journey.”
