Sidekick, a modern wealth management platform that offers the financial benefits typically reserved for the ultra-wealthy, has raised £4.5 million in a seed round and £4 million through a debt facility, totalling £8.5 million. This funding will help the startup grow its team, expand its product offerings, and secure a European license.
Imagine the scene. It’s November 2023 and the UK government is hosting the inaugural AI Safety Summit at Bletchley Park. The broad consensus is that the UK is strongly positioned to stake a claim for global AI leadership. As recently as February, things seemed to be on the same trajectory with the government proclaiming a “pro-innovation” approach to regulating AI.
Research by Octopus Money suggested that UK businesses faced a retention crisis, with leadership largely unaware of the scale of the problem. Despite nearly half (46%) of employees revealing they planned to look for a new job this year, 60% of the C-suite thought their workplace was prepared to meet the needs of the future workforce.
At some point in time, all startup founders consider monetisation of their business. Personally, I believe that if there’s an opportunity to monetise from day one, it should be pursued immediately. A startup that earns revenue from the start gains a significant advantage over competitors who are still striving for profitability.
Being able to access data and insights is a non-negotiable in today’s business world. Implementing an efficient, up-to-date IT system is no longer just a tactic to try and gain a competitive advantage; it’s now a hygiene factor when it comes to ensuring day-to-day operations continue to run smoothly.














