13 June 2024

Sidekick raises £8.5m in debt and seed funding to expand its wealth management platform.

The financing round was co-led by Pact VC and TheVentureCity, with debt backing from Columbia Lake Partners.

£8.5M

Sidekick provides a wealth management platform designed for professionals with increasingly complex financial needs. The service offers access to private markets, managed portfolios and Lombard lending.

Sidekick has secured £8.5m in a combined debt and seed financing package to accelerate its client acquisition and product development. The seed portion of £4.5m was co-led by Pact VC and TheVentureCity, with participation from a broad syndicate of new and returning backers. Meanwhile, Columbia Lake Partners provided a £4m debt facility earmarked for the company's newly launched portfolio line of credit. The fresh capital will also support the firm as it pursues regulatory licensing ambitions across Europe.

From the founder

"We’re looking to address the growing inequity of wealth creation and let the money of hard-working entrepreneurs and professionals work harder. With over a million people in our target demographic in the UK seeking support for their financial goals, the demand for innovative wealth management solutions tailored to their unique needs is undeniable. Sidekick exists to ensure that it’s not just the ultra-wealthy that have access to the tools and products needed to secure long-term financial prosperity."

Matthew Ford

Co-Founder and CEO at Sidekick

Investor perspective

"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, Pact