Latest news with #ZangoAI
Finextra
01-07-2025
- Business
- Finextra
AI-led RegTech startup Zango raises $4.8 million
London-based Zango AI has raised $4.8 million to overhaul financial compliance systems with AI agents. 0 The funding round was led by Nexus Venture Partners, with addittional 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. Already used by Novobanco in Portugal and UK and EU neobanks, including Monzo and Juni, Zango's regulation-aware AI agents continuously track regulatory updates, identify compliance gaps in real time, and keep firms audit-ready. The firm is training Large Language Models to transform compliance into a query-based operating systemm, answering questions like: 'I want to launch a lending product in [Y] market — what do I need to do?' Ritesh Singhania, co-founder of Zango, says: "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.' Singhania previously founded ClearGlass, a pension compliance platform, and served as head of technology at Simplitium, which was acquired by Nasdaq. Fellow co-founder Shashank Agarwal co-founded Third Watch, an AI-powered fraud detection startup which was acquired by Razorpay, and led trust and compliance engineering at PhonePe, which is gearing up for India's largest IPO. 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 also intends to expand into other verticals of financial services as well outside of banking to insurance and asset management.
Entrepreneur
01-07-2025
- Business
- Entrepreneur
Zango AI Raises USD 4.8 Mn Round Led by Nexus Venture Partners
The funding will be used to scale teams in Bengaluru and London, and to further develop Zango's AI-native Governance, Risk, and Compliance (GRC) product suite. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Regulatory compliance startup Zango AI has raised USD 4.8 million in a seed funding round led by Nexus Venture Partners, with participation from early backers South Park Commons, Richard Davies (CEO, Allica Bank), Alan Morgan (Senior Partner at McKinsey), Mark Ransford (Notion Capital), No Label Ventures, and Start Ventures. The funding will be used to scale teams in Bengaluru and London, and to further develop Zango's AI-native Governance, Risk, and Compliance (GRC) product suite. The company also plans to expand into adjacent verticals such as insurance and asset management, building on its success in banking. Founded in 2024 by second-time entrepreneurs Ritesh Singhania and Shashank Agarwal, Zango AI offers a regulatory compliance platform that combines AI-powered agents with human expertise to automate critical compliance functions like horizon scanning, gap analysis, and controls testing. The company operates out of San Francisco, London, and Bengaluru and is already used by major financial institutions including Novobanco, Monzo, and Juni. Zango's cloud-native platform leverages regulatory-domain-specific large language models to build intelligent agents that continuously track regulatory changes, flag compliance gaps in real time, and ensure institutions remain audit-ready — eliminating the need for manual reviews and spreadsheets. "We don't sell a platform — we sell a solution," said Ritesh Singhania, Co-founder of Zango. "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." Both founders bring deep domain experience: Singhania previously founded ClearGlass, a pension regulation platform, while Agarwal co-founded Third Watch, an AI fraud detection startup acquired by Razorpay. Anand Datta, Partner at Nexus Venture Partners, said, "The global regulatory landscape is ripe for disruption. Ritesh and Shashank bring a first-principles approach, uniquely marrying AI with compliance expertise. Zango is already augmenting compliance teams and boosting efficiency at global institutions."
Time of India
01-07-2025
- Business
- Time of India
RegTech startup Zango AI raises $4.8 million from Nexus Venture Partners, others
Regtech startup Zango AI has raised $4.8 million in a round led by Nexus Venture Partners to expand teams in Bengaluru and London and develop AI-native compliance tools. Founded in 2024, Zango uses regulation-specific LLMs to automate compliance tasks, serving clients like Novobanco, Monzo, and Juni. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Regulatory tech startup Zango AI has raised $4.8 million in a funding round led by Nexus Venture Partners The round also saw early backer South Park Commons participate, along with angel investors such as Richard Davies, CEO of Allica Bank, and Alan Morgan, senior partner, financial services, at McKinsey, among fresh capital will be used to scale up the company's teams in Bengaluru and London, and to build out other product modules for AI-native governance risk and compliance solutions, the company said. Zango is also expanding its product suite into other financial services verticals, including insurance and asset in 2024 by Ritesh Singhania and Shashank Agarwal , Zango aims to modernise how financial institutions manage regulatory requirements. It uses regulation-specific large language models (LLMs) to automate tasks such as horizon scanning, gap analysis, and audit preparation, which are traditionally handled through manual reviews and spreadsheet-heavy startup claims its AI agents are capable of interpreting changing regulations and integrating compliance checks directly into daily operations of the company's tools are currently used by Portugal's Novobanco and fintech companies such as Monzo and Juni."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,' said previously founded ClearGlass, a pension compliance platform, and served as head of technology at financial services technology provider Simplitium. Agarwal co-founded Third Watch, a fraud detection startup, which was acquired by digital payments company Razorpay. He also led trust and compliance engineering at IPO-bound fintech PhonePe."The global regulatory landscape is ripe for disruption," said 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 efficiency at global financial institutions.'
