British wealth tech company Sidekick has raised £7.8 million in Series A funding to expand access to investment products traditionally only available through private banks.
The round was led by Eos Ventures and 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 become more complex as their income and assets have increased, but who find traditional private banking expensive, opaque or inaccessible. The platform positions itself as a middle ground between entry-level investment apps and full-service private banks, offering greater transparency and control to customers managing larger balances and long-term assets.
Unlike most digital wealth platforms, Sidekick is designed for complexity rather than simplicity. Its offering combines long-term public market investments, tailored portfolios and, for eligible investors, access to private market opportunities. It also offers Lombard loans, allowing customers to borrow against their investment portfolio without selling assets, a form of financing that has historically been limited to retail customers.
The platform includes managed strategies such as the All Weather portfolio, designed to balance risks in different market environments. In addition to investing, Sidekick also offers cash management products aimed at customers with significant balances. The Multi Shield Savings product allows users to distribute cash across multiple partner banks within a single account, maximizing FSCS protection while preserving liquidity.
Sidekick now supports over £145 million worth of client assets, reflecting growing demand from professionals seeking greater control and transparency as their financial affairs become increasingly complex.
Matt Ford, founder and CEO of Sidekick (pictured), said: “Many professionals look financially successful on paper, but are still unsure if their money is working hard enough. They have outgrown entry-level investment vehicles, but traditional wealth management often feels overly complicated and expensive. Sidekick is designed to remove unnecessary friction and give people access to investment opportunities that have traditionally been in private banking. This funding allows us to take that approach scale and reach more people who want transparency instead of complexity.”
The Series A capital will be used to expand Sidekick’s product offerings, accelerate investment opportunities and grow its team. As part of its expansion plans, the company is expanding its offices in Cardiff and creating new roles across customer service, compliance and operational functions, with support from the Development Bank of Wales.
James Tootell, partner at Eos Ventures, said Sidekick fills a long-standing gap in financial services: “While technology has transformed areas such as payments, commerce and everyday banking, private banking has largely been left behind. Sidekick applies a modern, digital approach to wealth, providing access, transparency and control to a traditionally underserved segment.”
Jack Christopher, Investment Executive at the Development Bank of Wales, added: “Our investment reflects our commitment to supporting ambitious fintech companies in Wales. Sidekick develops high-quality products, creates skilled jobs and delivers real economic impact, while helping to modernize the way wealth management works for a new generation of professionals.”
