London-based Zango AI, a RegTech startup leveraging artificial intelligence to overhaul financial compliance systems, has secured $4.8m in fresh funding.
The seed round was led by Nexus Venture Partners, with participation 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, according to Finextra.
Zango’s AI agents, already used by Novobanco, Monzo, and Juni, track regulatory changes and maintain real-time compliance. The company is building a query-based compliance system using Large Language Models.
Funding will go towards expanding teams in London and Bengaluru, further developing product modules, and branching into insurance and asset management.
Co-founders Ritesh Singhania and Shashank Agarwal bring deep sector experience, including leadership roles at ClearGlass, Simplitium, Third Watch, and PhonePe.
Zango CEO Ritesh Singhania said, “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.”
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