Zango AI, a regulatory compliance solution using AI and human expertise, has raised $4.8m to accelerate its mission to simplify compliance for financial institutions.
The funding round was led by Nexus Venture Partners, joined by South Park Commons, Richard Davies of Allica Bank, Alan Morgan, Mark Ransford, Notion Capital, No Label Ventures and Start Ventures.
Zango AI helps financial firms automate horizon scanning, gap analysis and controls testing. Trusted by banks including Novobanco and neobanks like Monzo and Juni, the platform uses regulation-specific language models to interpret compliance rules quickly.
The funds will support team expansion in London and Bengaluru while building additional modules for its AI-native GRC platform. Zango also plans to expand into insurance and asset management.
Zango AI co-founder Ritesh Singhania said, “
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