Portugal FinTech Report 2025 highlights growing shift to AI-powered compliance, featuring London startup Zango

The Portugal FinTech Report 2025 highlights how financial institutions are increasingly turning to artificial intelligence to modernise compliance – reflecting a wider shift from manual processes to automated, auditable systems across Europe’s financial sector. Among the companies featured is Zango, the London-based startup developing AI agents for financial-services regulation.

Launched this week by Portugal Fintech in collaboration with KPMG, Visa, and Morais Leitão, the annual report profiles the organisations shaping the country’s financial-innovation landscape – from emerging startups to established institutions driving digital transformation in banking, payments and compliance.

Zango’s technology helps banks and financial institutions automate complex compliance workflows such as horizon scanning, rule interpretation, regulatory gap analysis and quality assurance – while ensuring human-in-the-loop validation by regulatory experts. Its systems are already used by Novobanco, Portugal’s fourth-largest bank, and by leading European neobanks including Juni.

“Financial institutions are realising that compliance can’t rely on manual processes – they need specialised AI infrastructure that delivers speed, accuracy and transparency at scale,” said Ritesh Singhania, co-founder and CEO of Zango. “Being featured in the Portugal FinTech Report reflects the progress we’ve made in helping to transform regulatory compliance across Europe.”

Founded in 2024, Zango operates globally with teams in London, Lisbon and Bangalore. In July, the company raised $4.8 million in seed funding led by Nexus Venture Partners, with participation from South Park Commons and Portugal’s Start Ventures. It is now expanding its Lisbon-based product team to support clients locally and strengthen its European operations.

“We’re designing AI that doesn’t just summarise rules – it understands how regulation works in practice,” said Shashank Agarwal, CTO and co-founder of Zango. “By embedding reasoning, auditability and human oversight, we’re building AI agents that institutions can actually trust.”

Zango’s inclusion in the report underscores its role in Europe’s evolving RegTech landscape, where AI is enabling compliance teams to manage regulatory change with greater speed and confidence. As adoption accelerates, Zango aims to define the new standard for responsible, auditable AI in financial services.

About Zango

Zango is the AI compliance layer for financial services, providing domain-specific, expert-backed AI infrastructure that centralises oversight, ensures audit readiness, and powers compliance at scale. Founded in 2024, Zango operates globally with teams in London, Lisbon, and Bangalore, helping leading financial institutions automate regulatory processes with confidence.

For more information, visit zango.ai.