London-based regulatory compliance platform Zango AI has emerged from stealth mode, securing $4.8m in a funding round led by Nexus Venture Partners.
Other participants in the funding include Alan Morgan, Mark Ransford, Notion Capital, No Label Ventures, Richard Davies, South Park Commons, and Start Ventures.
The investment aims to enhance financial compliance systems by using AI agents.
Nexus Venture Partners Partner Anand Datta said: “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.”
Zango’s compliance solution is already used by top banks such as Novobanco in Portugal and is gaining traction with neo banks across the EU and UK, including Monzo and Juni.
It addresses the challenge of complex financial regulations by transforming them into clear, actionable requirements through regulation-specific Large Language Models (LLMs).
Novobanco regulatory affairs head Lara Reis said: “We are thrilled with how Zango AI has transformed our compliance processes, saving us hundreds of hours of manual repetitive work and allowing our team to focus on strategic initiatives.”
Juni Head of compliance Sabina Ausfelt said: “For horizon scanning, Zango is a game-changer. The platform’s current and future modules are set to revolutionise the second line of defence work in regulated industries like ours.”
The AI agents developed by Zango not only read and interpret regulations accurately but also integrate seamlessly into daily operations.
The newly raised funds will support team expansion in Bengaluru and London, and the development of additional AI-native GRC product modules.
Zango plans to expand its services beyond banking into other financial sectors such as asset management and insurance, further widening its impact on the financial services industry.
Zango 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, identify compliance gaps in real time, and keep firms audit-ready, no operational drag, no surprises.
“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.”
