Sidekick, a UK-based wealth management startup, has secured £3.3m in pre-seed funding led by Octopus Ventures ahead of its launch in 2023. The funding will be used to build out the app-based product, expand the in-house asset management team, and secure regulatory permissions and registrations. Co-founders Matthew Ford and Peter Townsend previously founded mobile banking platform Pariti and are now joined by a wider founding team from traditional asset management, consumer credit, and FinTech backgrounds. Sidekick aims to close the generational wealth gap by offering alternative investments, such as crypto, and the ability to borrow against investment portfolios.
The pre-seed funding round for Sidekick was led by Octopus Ventures and saw participation from Seedcamp and Semantic. The funds will be used to build out the product and team, as well as to secure regulatory permissions and registrations. Sidekick aims to democratize access to wealth management services and offers alternative investments, including crypto, and the ability to borrow against investment portfolios.
Sidekick’s co-founders, Matthew Ford and Peter Townsend, previously founded mobile banking platform Pariti, which was sold to Tandem Bank in 2018. The startup’s team includes members from traditional asset management, consumer credit, and FinTech backgrounds. Sidekick’s mission is to democratize access to wealth management services and offer alternative investments, such as crypto, and the ability to borrow against investment portfolios.
Sidekick is on a mission to close the generational wealth gap and provide access to wealth management services to a wider audience. The startup’s product will offer alternative investments, such as crypto, and the ability to borrow against investment portfolios. The team includes members from traditional asset management, consumer credit, and FinTech backgrounds.
Sidekick has raised £3.3m in pre-seed funding led by Octopus Ventures and plans to launch its app-based investment service in 2023 after securing regulatory permissions and registrations. The startup aims to democratize access to wealth management services and offer alternative investments, such as crypto, and the ability to borrow against investment portfolios.
