PE-VC Fund Investments
Regulatory compliance enabler Zango raises $4.8 M led by Nexus Venture Partners
London and Bengaluru-based regulatory compliance startup Zango has raised USD 4.8 Mn, in a seed round led by Nexus Venture Partners. The round also saw participation from South Park Commons, Richard Davies - CEO of Allica Bank, Alan Morgan - Senior Partner Financial Services at McKinsey (EMEA) and Chairman of Adfisco, Mark Ransford, Notion Capital, No Label Ventures and Start Ventures.The fresh funds will be used to expand teams in London & Bengaluru besides building out the other product modules for an AI-native Governance Risk and Compliance (GRC). Zango will also expand to other verticals of financial services as well outside of banking to insurance and asset management domains.Founded in 2024 by Ritesh Singhania and Shashank Agarwal, Zango provides regulatory compliance solutions using AI to automate horizon scanning, gap analysis, and controls testing for global financial institutions and is used across multiple regions including the UK and EU.
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