Zango AI, a Bengaluru-based AI startup, has raised $4.8 million led by global venture capital firm Nexus Venture Partners. In the round, investors like 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 also participated.

"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 their efficiency at global financial institutions. We’re incredibly excited to be part of their journey," Dutta added.

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Founded in 2024 by serial entrepreneurs Ritesh Singhania and Shashank Agarwal, Zango is developing regulation-specific large language models (LLMs) to automate horizon scanning, gap analysis, and audit preparedness. The firm’s software integrates these AI agents directly into an institution’s operational workflows, transforming compliance from a static, manual process into a dynamic, real-time system.

"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," said Singhania.

The startup plans to utilise the funding to expand teams in London and Bengaluru. The company will also expand into other verticals of financial services as well outside of banking, to insurance and asset management.

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