Sidekick raises £8.5 million

Sidekick, a London-based wealth management platform, has raised £4.5 million in a seed round and £4 million in debt. The seed round was co-led by Pact VC and TheVentureCity and included participation from MS&AD Ventures, Blackwood, 1818, Octopus Ventures, Seedcamp, and Semantic Ventures.

Founded in 2022, Sidekick is on a mission to unlock products and financial services ‘typically reserved for the 1%.” The startup targets the mass affluent – 30-45-year-olds with salaries ranging from £80k-£200k. Sidekick offers a variety of products and services including accounts, access to diverse assets, in-house portfolio managers, and credit lines.

“Sidekick addresses wealth disparity and the limited options in the market, which often restrict investors to extreme ends of the spectrum: solely passive investing or active speculating. By catering to an underserved segment with innovative financial products and inclusive wealth-creation opportunities, Sidekick is changing private wealth for the new generation.” – Monik Pham, founding partner at Pact VC.