Zango Secures $4.8 Mn to Scale AI-Native GRC Platform Across Financial Services

Zango, an AI Compliance startup, has secured $4.8 million in seed funding to scale its suite of AI-native compliance tools and expand its core teams. Business Standard reported that the round was led by Nexus Venture Partners, with participation from South Park Commons, the company’s first backer along with Richard Davies (CEO of Allica Bank), Alan Morgan (Senior Partner, Financial Services, at McKinsey (EMEA) and Chairman, Adfisco), Mark Ransford (Notion Capital) No Label Ventures, and Start Ventures.

Ritesh Singhania, Co-founder of Zango, said, “We don’t sell a platform — we sell a solution. Our AI agents are paired with humans-in-the-loop to ensure 100 percent 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.”

AI Governance Gets a Boost with Zango

Founded in 2023, Zango is working to simplify how enterprises handle compliance in an increasingly AI-driven world. It is a machine learning compliance platform designed to help teams monitor, audit, and manage AI models in real time.

The startup was co-founded by Ritesh Singhania and Shashank Agarwal, both experienced entrepreneurs in the regulatory tech space. Singhania previously founded ClearGlass, a platform focused on pension compliance, and also served as Head of Technology at Simplitium, which was later acquired by NASDAQ. Agarwal co-founded Third Watch, an AI-driven fraud detection startup acquired by Razorpay , and went on to lead trust and compliance engineering at PhonePe, which is preparing for one of India’s largest IPOs.

Zango’s focus on AI Compliance tools comes at a time when governments and regulators worldwide are pushing for stronger frameworks around AI usage. From financial services to healthcare, businesses are under pressure to prove their algorithms are transparent, fair, and explainable. Zango’s platform helps bridge this gap through continuous validation and compliance automation.

How the Funds Will Be Used

With this funding, Zango aims to push AI compliance to accelerate product development, hire across engineering and policy teams, and deepen its customer engagement. The funding will also support scaling of its integrations with popular ML platforms and enterprise software stacks.

The newly raised funds will help Zango grow its teams in both London and Bengaluru. The company also plans to use the capital to develop more product modules as part of its AI-native Governance, Risk, and Compliance (GRC) solution. Additionally, Zango aims to expand its reach beyond the banking sector, with plans to serve other financial services verticals, including insurance and asset management.

Zango is already being used by established financial institutions, including Novobanco, Portugal’s fourth-largest bank and is gaining momentum among prominent neo-banks across the EU and UK such as Monzo and Juni, the company said.

Backing from Nexus Venture Partners

The participation of Nexus Venture Partners in the funding round reflects investor confidence in Zango’s approach to AI risk and compliance management. The VC firm has a strong track record of backing early-stage technology companies with a global vision.

In a statement, Anand Dutta, Partner at Nexus, said, “The global regulatory landscape is ripe for disruption. Ritesh and Shashank, with their first-hand, proven expertise, developed Zango’s first-principles approach: uniquely marrying cutting-edge AI with human compliance expertise. Their AI-led solution is already augmenting compliance teams and increasing their efficiency at global financial institutions. We’re incredibly excited to be part of their journey.”