Sidekick, a wealth platform startup targeting professionals whose finances are becoming increasingly complex, has raised nearly £8m in a Series A round led by Eos Ventures and the Development Bank of Wales, with participation from Koro Capital, Seedcamp, MS&AD Ventures, TheVentureCity, PactVC, Blackwood, 1818 Venture Capital and Semantic Ventures. Founded in 2022, it is aimed at consumers whose financial needs have outgrown entry-level investing apps but whose wealth is less than that demanded by full-service private banks.
The platform is designed for consumers who sit between entry-level investing tools and private banking services. It provides access to investment tools that have traditionally only been available through private banks, including the ability for customers to borrow against their investment portfolios.
Sidekick said the new funding will be used to grow its team, accelerate product development and support continued customer growth. It also intends to expand operations in Cardiff, creating roles in customer service, compliance and operations.
