London-based regulatory technology firm Zango has secured $4.8 million in a funding round led by Nexus Venture Partners, a global venture capital firm with over $2.6 billion under management. The capital injection is intended to accelerate the expansion of Zango’s AI-driven compliance solutions for financial institutions. Additional participants in the round included South Park Commons, Richard Davies, CEO of Allica Bank, Alan Morgan, former head of Financial Services at McKinsey (EMEA), Mark Ransford of Notion Capital, No Label Ventures, and Start Ventures. Zango’s platform aims to transform complex financial regulations, which often span tens of thousands of pages, into actionable requirements for businesses. It leverages regulation-specific Large Language Models (LLMs) and AI agents to continuously track regulatory updates through ‘horizon scanning,’ identify real-time compliance gaps, and maintain audit readiness. This approach seeks to move beyond traditional compliance software, which often covers only Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, leaving other compliance aspects to manual reviews and spreadsheets. The company’s solution is currently utilized by established banks such as Novobanco, Portugal’s fourth-largest bank, and is gaining adoption among leading neobanks in the EU and UK, including Monzo and Juni. Zango asserts that its AI-powered system can significantly reduce the time spent on regulatory workflows; for instance, one bank reportedly reduced a workflow involving a regulator from 48 hours to under 4 hours. This enables businesses to launch new products and expand into new markets more rapidly by making compliance a continuous, integrated process. Ritesh Singhania, Co-founder of Zango, stated that the company offers a solution rather than just a platform, emphasizing that their AI agents are paired with humans-in-the-loop to ensure accuracy. Singhania, a second-time founder who previously founded ClearGlass, a pension compliance platform, and served as Head of Technology at Simplitium (acquired by NASDAQ), co-founded Zango with Shashank Agarwal. Agarwal, also a second-time founder, co-founded Third Watch, an AI-powered fraud detection startup (acquired by Razorpay), and led trust and compliance engineering at PhonePe. Anand Datta, Partner at Nexus Venture Partners, commented on the investment, noting the founders’ expertise in uniquely combining AI with human compliance knowledge to augment compliance teams and increase efficiency at global financial institutions. Customer feedback supports this, with Lara Reis, Head of Regulatory Affairs at Novobanco, expressing satisfaction with Zango AI’s ability to save manual work hours and allow focus on strategic initiatives. Sabina Ausfelt, Head of Compliance at Juni, called Zango a ‘game-changer’ for horizon scanning. The newly secured funds will be allocated to expanding teams in London and Bengaluru and developing additional product modules for an AI-native Governance, Risk, and Compliance (GRC) framework. Zango also plans to extend its services beyond banking into other financial sectors, including insurance and asset management. Zango, founded in 2024, operates globally with offices in London, San Francisco, and Bengaluru. The platform is SOC 2 Type II and ISO 27001 certified. More information is available at www.zango.ai.