Zango AI raises $4.8 million in seed round led by Nexus Venture Partners

Zango AI, a regulatory tech startup has raised $4.8 million (approx Rs 41 crore) in a seed funding round led by Nexus Venture Partners.

The funding round also saw participation from South Park Commons, Notion Capital, No Label Ventures and Start Ventures. 

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The startup will use the proceeds to expand its teams in Bengaluru and London and to build advanced features in its AI-powered governance, risk and compliance (GRC) platform.

Zango is also growing its product offerings by entering new financial services areas such as insurance and asset management.

"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 Singhania.

"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.”

About Zango AI

Founded in 2024 by Ritesh Singhania and Shashank Agarwal, the Bengaluru- and San Francisco-based Zango is on a mission to modernize how financial institutions handle regulatory requirements. The company uses regulation-specific large language models (LLMs) to automate tasks like horizon scanning, gap analysis, and audit preparation, which are typically done manually using spreadsheets.

Its AI agents can understand and interpret evolving regulations and embed compliance checks directly into a company’s daily operations, helping reduce manual effort and errors.

Zango’s tools are already being used by major players including Portugal’s Novobanco and fintech firms like Monzo and Juni.