Ritesh Singhania, co-founder of the regulatory compliance startup Zango AI, is a significant figure in the world of financial technology. He, along with his co-founder Shashank Agarwal, established Zango to address the growing need for automated compliance solutions in the financial sector. Utilizing advanced AI technology, Zango transforms complex regulatory frameworks into actionable insights, making compliance processes more efficient and less burdensome. Through its innovative approach, Zango is contributing to the ongoing technological transformation within the financial services industry.
Ritesh Singhania has made a name for himself in the FinTech industry with his initiative, Zango. Founded in 2024, Zango AI addresses the typically complex and paperwork-heavy financial compliance processes through cutting-edge AI solutions. As the architect behind these solutions, Singhania’s vision centers around simplifying regulatory requirements for financial institutions, thereby streamlining operations and enhancing overall efficiency.
Before founding Zango, Singhania established ClearGlass, a platform aimed at pension compliance. His experience in this arena provided him with valuable insights into the challenges faced by financial institutions, which he leveraged when developing solutions for Zango. Additionally, he played a key role as the Head of Technology at Simplitium, a firm that focuses on financial services technology, before it was acquired by NASDAQ.
Singhania’s journey with Zango highlights the integration of AI into compliance. Zango employs Large Language Models to automate tasks traditionally dependent on manual processes. This innovative use of AI not only improves efficiency but also reduces time and costs associated with compliance. By automating compliance tasks, Zango enables financial institutions to proactively manage regulatory requirements.
Zango operates out of major tech hubs, including London, Bengaluru, and San Francisco. The company’s solutions are not only gaining traction within the UK but are also expanding into broader European and global markets. Under Singhania’s stewardship, Zango aims to broaden its reach, penetrating deeper into sectors like insurance and asset management.
The regulatory landscape in financial services is often seen as a challenge due to its complexity. Singhania advocates for a simplified approach to compliance through Zango. By transforming regulatory text into clear, actionable items, Zango allows financial institutions to launch new products and enter new markets more quickly, positioning compliance as a business enabler rather than a barrier.
In line with his foresight, Singhania successfully led Zango through a significant funding round in 2025, raising $4.8 million. The capital, primarily from Nexus Venture Partners and other renowned investors, is directed at scaling the company's operations and further developing its AI platform, reaffirming Zango's strategic growth trajectory and innovation capability.
Zango has secured partnerships with major banks and financial institutions such as Novobanco and Monzo, underscoring Singhania's prowess in trust-building and client relations in the industry. These collaborations are part of Zango’s strategy to optimize the adoption of AI-driven solutions across financial services.
With a focus on accuracy, Singhania ensures that Zango’s AI agents incorporate a "human-in-the-loop" concept. This blend of technology and hands-on expertise promises near-perfect accuracy and instills confidence in Zango’s compliance solutions. This methodology has positioned Zango as a preferred provider over traditional consultancy-based compliance models.
Despite the challenges of convincing traditional financial institutions to adopt new technologies, Singhania and Zango are steadily making inroads by demonstrating significant efficiencies and cost reductions. His strategy involves showcasing successful case studies and regulatory accomplishments that resonate with potential clients.
Looking towards the future, Singhania envisions a world where regulators themselves utilize AI in policy development, and sees Zango at the center of this transformation. His ambitious plans include further advancements in AI capabilities and continuous expansion into new financial sectors, solidifying Zango’s role as a pioneer in regulatory technology.
Ritesh Singhania’s work with Zango AI is redefining the landscape of regulatory compliance in the financial industry. Through innovation and strategic foresight, he is not only making compliance more accessible and efficient but is also setting a standard for future advancements in FinTech. Singhania’s commitment to integrating AI with human expertise illustrates a forward-thinking approach poised to benefit a rapidly evolving industry. As Zango continues to grow, its impact on financial compliance will likely serve as a benchmark for emerging tech-driven regulatory solutions.