Light Frame raises $5.1M seed round for core banking software for private banks

Light Frame, a startup with roots in Switzerland that provides banking infrastructure for the wealth industry, has raised $5.1m in a seed round, Tech.eu reports tech.euTech.eutech.euOpen source ↗. The round was led by Fortino Ventures, with participation from Sidekick Partners, Tenity, Chamaeleon and AltaIR Capital. Existing investors Rogue Venture Partners, New Stack Ventures and Studio Alpha also took part. The company previously raised $1.7m in a pre-seed round in 2024.

What the company builds

Swiss American Light Frame was founded in 2024. It supplies core banking and portfolio management software for private banks, wealth managers and asset managers. The company aims to replace what it sees as outdated technology infrastructure at traditional private banks. Its founding team includes people who worked at the Swiss digital private bank Alpian.

According to the company, its cloud and API platform lets wealth managers manage clients' investment portfolios and assets and process investment and corporate transactions, among other functions. The technology is modular: firms can modernise individual parts of their existing setup or adopt the full platform.

Use of funds

Light Frame said it will invest the funding in the platform and grow its commercial team across EMEA tech.euTech.eutech.euOpen source ↗. Co-founder and CEO Schuyler Weiss, formerly CEO of Alpian, said the architecture must be built without compromising the security, resilience and trust fundamental to banking. He said the company found partners in Fortino and its wider investor group who share the ambition to build that foundation for the next generation of wealth management.