RegTech Startup Zango Raises $4.8 mn Seed Round to Expand AI-Powered Compliance Platform
The startup aims to broaden its focus beyond banking into sectors like insurance and asset management.
Zango, a regulatory compliance startup, has raised $4.8 million in seed funding, according to reports.
The funds will support team expansion in London and Bengaluru and accelerate the development of new modules for Zango’s AI-native Governance, Risk, and Compliance (GRC) solution.
The startup also aims to broaden its focus beyond banking into sectors like insurance and asset management.
Zango’s regulation-aware AI agents conduct horizon scanning, identify compliance gaps in real time, and keep firms audit-ready with minimal operational disruption.
“We don’t sell a platform — we sell a solution. Our AI agents are paired with humans-in-the-loop to ensure 100 percent accuracy. Peace of mind doesn’t come from a tool; it comes from a result,” Ritesh Singhania, Co-founder of Zango, said.
Zango counts Novobanco and top neobanks like Monzo and Juni among its clients. Co-founders Singhania and Shashank Agarwal are second-time founders with successful exits in the regtech and AI fraud detection space.
The funding round was led by Nexus Venture Partners, with backing from South Park Commons — where Zango was incubated — and a host of angel investors, including Richard Davies (CEO, Allica Bank), Alan Morgan (Senior Partner, McKinsey EMEA), Mark Ransford of Notion Capital, No Label Ventures, and Start Ventures.
“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,” Anand Datta, Partner at Nexus Venture Partners, said.
