London-based Startup Zango Secures $4.8M To Its AI-Powered Compliance Platform

Staying compliant in the financial sector is tough—regulations run into tens of thousands of pages, often leading to slow, manual processes and high costs. Zango is changing that.

By using regulation-specific large language models (LLMs), Zango turns complex rules into clear, easy-to-follow requirements. Businesses can now handle compliance with simple queries—speeding up product launches and market expansion. With Zango, compliance becomes a growth enabler, not just an overhead.

Ritesh Singhania, Co-founder of Zango, says: 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.

Zango’s AI agents don’t just read and understand regulations accurately—they also plug right into a company’s daily workflows. This makes compliance a continuous, always-on process instead of a one-time checklist.

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Singhania added: 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.

The funding round was led by Nexus Venture Partners with support 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.

Anand Datta, Partner at Nexus Venture Partners, said the global regulatory space is ready 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.

Zango is already in use by major players like Novobanco—Portugal’s fourth-largest bank—and is quickly gaining ground with top neobanks across the EU and UK, including Monzo and Juni.

Lara Reis, Head of Regulatory Affairs at Novobanco, 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.

Sabina Ausfelt, Head of Compliance at Juni, said that 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 funds will help Zango grow its teams in London and Bengaluru and develop new product modules for its AI-powered GRC platform. The company also plans to expand beyond banking into other areas of financial services like insurance and asset management.

About Zango

Founded in 2024, Zango AI helps companies handle complex regulatory changes across regions like the UK and EU. Their platform automates important compliance tasks and gives real-time updates to keep your policies, processes, and products in line with the rules.