Sidekick has secured GBP 7.8 million in Series A funding to expand its wealth management platform and offer investment products usually restricted to private banking clients.
The round was spearheaded by Eos Ventures and the Development Bank of Wales, with support from Koro Capital and existing investors such as Seedcamp, MS&AD Ventures, TheVentureCity, PactVC, Blackwood, 1818 Venture Capital, and Semantic Ventures.
Broadening access to private banking tools
Sidekick was created to serve professionals whose financial needs surpass what entry-level investment apps can provide but who find traditional private banking too costly and inaccessible. The platform integrates long-term investing, personalized portfolios, private market accessibility, and Lombard lending. Lombard lending historically has been limited to private banking customers in the UK.
The funding will support Sidekick’s platform in offering low-cost public market investments alongside managed portfolio strategies like All Weather, which are designed to handle risk across various market conditions. It also allows qualified investors to explore exclusive private markets opportunities, a benefit usually reserved for high-net-worth individuals.
In addition, the platform will introduce cash management tools such as Multi Shield Savings, which spreads deposits across multiple partner banks within one account to maximize Financial Services Compensation Scheme (FSCS) protection.
Scaling operations and growing its team
Proceeds from the funding will be used for expanding the team, developing new products, and boosting customer growth. Sidekick plans to establish a presence in Cardiff with assistance from the Development Bank of Wales, aiming to create roles in customer service, compliance, and operations.
Going forward, this investment underscores broader changes in wealth management where digital platforms are bringing technology to sectors that have been largely untouched. Sidekick is expected to continue prioritizing client needs while maintaining regulatory compliance as the market evolves.
