Sidekick bags £7.8m to scale digital wealth offering

By Vriti Gothi

UK-based wealth platform Sidekick has raised £7.8 million in a Series A funding round aimed at expanding access to investment products traditionally reserved for private banking clients.

The round was led by Eos Ventures and the Development Bank of Wales, with participation from Koro Capital and existing investors including Seedcamp, MS&AD Ventures, TheVentureCity, PactVC, Blackwood, 1818 Venture Capital and Semantic Ventures.

Founded in 2022, Sidekick targets professionals whose financial needs have moved beyond entry-level investing apps but who may find traditional private banking costly or inaccessible. The company positions its platform as an alternative for individuals managing growing incomes, larger balances and increasingly complex financial portfolios.

Unlike many digital wealth platforms that focus primarily on basic portfolios and automated investing, Sidekick combines public market investing with personalised portfolios and, for eligible clients, access to private market opportunities. It also offers Lombard lending, borrowing against an investment portfolio to access liquidity without liquidating assets, a service typically associated with private banks in the UK.

At the core of its offering are managed portfolios, including strategies such as an “All Weather” allocation designed to manage risk across market cycles. Alongside investment products, the platform provides cash management tools for customers holding significant balances. Its Multi Shield Savings product enables users to distribute cash across multiple partner banks within a single account, helping optimise Financial Services Compensation Scheme (FSCS) protection.

Sidekick currently supports more than £145 million in total assets across its customer base, reflecting demand from professionals seeking greater control and transparency in wealth management.f

The newly raised capital will be used to scale the company’s investment offering, expand its team and accelerate product development. As part of its growth strategy, Sidekick is building out operations in Cardiff, supported by the Development Bank of Wales, with new roles planned across customer service, compliance and operations.

The funding comes amid broader efforts across the FinTech sector to democratise access to sophisticated investment products, as firms seek to bridge the gap between retail investing platforms and traditional high-net-worth advisory models.