British startup Zango, a FinTech platform helping enterprise customers navigating complex regulatory environments, has emerged from stealth and raised €4 million in a new funding round to expand their international team and into other verticals of financial services.
The round was led by Nexus Venture Partners, a global VC firm with over €2.2 billion capital under management. Other participants include 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.
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.”
Founded in 2024 by Ritesh Singhania and Shashank Agarwal, Zango is a regulatory compliance solution that leverages AI alongside trusted subject-matter experts to automate horizon scanning, gap analysis, and controls testing for global financial institutions.
Singhania previously founded ClearGlass, a pension compliance platform, and served as Head of Technology at Simplitium (acquired by NASDAQ). Agarwal Co-founded Third Watch, an AI-powered fraud detection startup (acquired by Razorpay), and led trust and compliance engineering at PhonePe, which is gearing up for India’s largest IPO.
The company operates globally with offices in London, San Francisco and Bengaluru.
“The global regulatory landscape is ripe for disruption,” added Anand Datta, Partner at Nexus Venture Partners. “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 actively used by established banks such as Novobanco, the fourth-largest bank in Portugal, and is gaining traction with leading neo banks in the EU and UK, including Monzo and Juni.
“We don’t sell a platform – we sell a solution,” said Singhania. “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.”
Today, financial services regulations stretch across tens of thousands of pages, creating slow, manual workflows and significant costs for businesses striving to stay compliant.
Zango looks to address this challenge by transforming regulatory complexity into a clear list of requirements. Its solution is training regulation-specific LLMs to make compliance as intuitive as a simple query, enabling businesses to launch new products and expand into new markets with speed and confidence.
“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,” said Lara Reis, Head of regulatory affairs, Novobanco.
With Zango.ai, compliance reportedly becomes as simple as a Google query: “I want to launch a lending product in [Y] market – what do I need to do?”
Zango’s AI agents read and interpret regulations, intergrating into a company’s day-to-day operations.
In one example, a workflow with one of the banks involving the regulator was reduced from 48 hours to under 4 hours.
“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,” said Lara Reis, Head of regulatory affairs, Novobanco.
The funds raised will be used to expand teams in London & Bengaluru along with building out the other product modules for an AI-native GRC. Zango will expand into other verticals of financial services as well outside of banking to insurance and asset management.
“For Horizon scanning, Zango is a game-changer. The platform’s current and future modules are set to revolutionise the second line of defense work in regulated industries like ours,” added Sabina Ausfelt, Head of compliance, Juni.
Read the orginal article: https://www.eu-startups.com/2025/07/london-based-zango-ai-emerges-from-stealth-raising-e4-million-to-innovate-financial-compliance-systems-with-ai-agents/
