Zango AI

Overview

Zango AI is a regulatory compliance startup leveraging artificial intelligence to provide compliance solutions tailored to financial services institutions. Founded in 2024 by Ritesh Singhania and Shashank Agarwal, Zango is headquartered in both London and Bengaluru, with a prominent presence in the fintech industry. Since its inception, the startup has attracted substantial investment, raising $4.8 million in a seed round led by Nexus Venture Partners. Zango focuses on developing AI-native governance, risk, and compliance solutions to streamline and enhance the efficiency of compliance processes.

Recent Developments

In 2025, Zango AI made significant strides in developing its regulatory compliance solutions:

July 1, 2025: Zango AI raised $4.8 million in a seed funding round led by Nexus Venture Partners, with participation from other investors such as South Park Commons and notable angel investors. This funding is earmarked for expanding their teams in London and Bengaluru, as well as for developing additional product modules that focus on AI-native governance risk and compliance.
The company has also widened its market reach by planning to expand its services into other financial sectors, including insurance and asset management beyond traditional banking. The AI-powered platform promises to transform cumbersome manual compliance tasks into streamlined, real-time processes.
Zango AI aims to address the regulatory complexities faced by financial institutions through regulation-specific large language models (LLMs) that enable the automation of tasks like horizon scanning, compliance gap analysis, and audit preparation.
By utilizing advanced AI agents, Zango AI ensures real-time tracking of regulatory changes and actively identifies and mitigates compliance gaps. This approach not only reduces operational compliance workflows significantly but also aids enterprises in launching new products and expanding into new markets efficiently.

Attribute	Information
Founding Date	2024
Headquarters	London, UK; Bengaluru, India
Founders	Ritesh Singhania, Shashank Agarwal
Revenue	N/A
Profits	N/A
Key Investors	Nexus Venture Partners, South Park Commons, Richard Davies, Alan Morgan, Notion Capital
Industry	Regulatory Technology, Financial Services
Number of Employees	N/A

Early History

Zango AI was founded in 2024 by Ritesh Singhania and Shashank Agarwal, both experienced entrepreneurs with deep roots in the compliance and finance sectors. The company was established with the vision of transforming regulatory compliance workflows using cutting-edge AI technologies. Ritesh Singhania's background includes founding ClearGlass, a platform focused on pension compliance, while Shashank Agarwal co-founded Third Watch, a startup specializing in AI-driven fraud detection. These prior ventures ingrained a comprehensive understanding of compliance intricacies and the potential of AI as a transformative force in the financial sector. Zango AI came into existence during a period where inefficiencies and manual processes plagued compliance systems, creating a compelling need for innovation. The co-founders sought to leverage AI to automate labor-intensive tasks and bring a more proactive, real-time compliance management system to market.

Company Profile and Achievements

Zango AI operates within the emerging regtech space, focusing on supercharging the compliance mechanisms of banks and financial institutions through advanced AI methodologies:

Business Model and Solution: Unlike traditional SaaS models which often rely heavily on manual processes and static checklists, Zango AI offers a dynamic, agent-based compliance service that integrates real-time monitoring and decision-making capabilities.
Regulation-Specific LLMs: A key innovation of Zango AI is its deployment of regulation-specific LLMs designed to turn regulations into intuitive, actionable compliance requirements, reducing complexity and improving compliance times from days to mere hours.
Strategic Partnerships and Usage: The platform is actively utilized by leading banks such as Novobanco and neobanks including Monzo and Juni. The AI agents within Zango’s ecosystem contextually interpret and apply regulatory changes, transitioning compliance from a periodic task to an ongoing operational advantage.
Achievements: Zango AI has successfully augmented the compliance efficiency of its clients significantly, enabling them to free resources for strategic tasks rather than operational drudgery. By improving the end-to-end workflow of compliance management, Zango AI positions itself as a leader in the regtech space.

Current Operations and Market Position

As of 2025, Zango AI stands as a pioneering force in the regtech industry with its AI-driven compliance solutions:

Market Position: Zango has solidified its reputation in the European and UK fintech markets, garnering trust from both established financial institutions and burgeoning fintech companies.
Competitive Edge: Utilizing a combination of advanced AI and human insight, Zango delivers highly accurate, scalable compliance solutions that offer a significant edge over traditional consultancy models.
Future Prospects: With plans to extend its offerings into additional verticals such as insurance and asset management, Zango AI seeks to diversify and strengthen its market foothold, aiming to revolutionize compliance beyond the confines of banking.

Conclusion

Zango AI represents a new wave in regulatory technology, providing intelligent compliance solutions that are not only efficient and precise but also strategically beneficial for financial institutions. The company's trajectory from inception highlights impressive growth and potential disruption in the increasingly complex regulatory landscape. As Zango AI continues to expand its solution set and market reach, it remains poised to play a pivotal role in transforming compliance from a cost burden into a strategic advantage for businesses worldwide.