UK wealthtech start-up Sidekick debuts new wealth management app
London-headquartered wealthtech Sidekick has announced the full launch of its new digital private wealth management app.
Sidekick co-founders Peter Townsend and Matthew Ford (Image: Sidekick)
Two years after it was incorporated and five months after landing authorisation with the FCA, Sidekick has announced, via LinkedIn, that its app-based investment service aimed at “solving the inequality of wealth creation” has gone fully live and is now available to the public.
The start-up, co-founded by Matthew Ford and Peter Townsend – who serve as CEO and CTO respectively – began onboarding inaugural members onto its global equity product a month ago.
In comments made to FinTech Futures, Ford states: “We’ve made it our mission to open up access to the financial products and services typically reserved for high-net-worth investors.”
Sidekick claims its digital wealth management solution provides users with expert-managed investment portfolios and access to liquidity, if needed, by borrowing against their investments.
Additionally, the CEO reveals that the start-up is developing a feature for clients to diversify their portfolios with alternative investment options.
“We aim to level the playing field and make these opportunities accessible beyond just the wealthiest 1%,” Ford adds.
The recent launch was made possible following the start-up’s £3.3 million pre-seed funding round of November 2022. The round was led by Octopus Ventures with participation from Semantic, Seedcamp and angel investors.
