Light Frame, a Switzerland-based fintech infrastructure company, has secured $5.1m in seed funding to challenge entrenched players in the private banking sector. The round was led by Fortino Ventures and included backing from Sidekick Partners, Tenity, Chamaeleon, and AltaIR Capital, along with earlier supporters Rogue Venture Partners, New Stack Ventures, and Studio Alpha. The startup had previously closed a $1.7m pre-seed round in 2024.
Founded in 2024, Light Frame targets what it characterizes as the "outdated" technology backbone that underpins traditional private banking operations. The company delivers core banking and portfolio management systems designed for private banks, wealth managers, and asset managers. Its founding team comprises veterans from Alpian, the Swiss digital private bank.
The platform operates as a cloud-based, API-driven solution that enables wealth managers to oversee client investment portfolios and assets, execute investment and corporate transactions, and perform related functions. The modular architecture allows institutions to upgrade specific components of their existing infrastructure or implement the entire suite.
Light Frame intends to deploy the capital toward platform development and expanding its sales and commercial operations throughout the EMEA region.
Light Frame delivers foundational technology with the sophistication institutions require. AI is redefining what technology can deliver, but the realisation of its potential in the Wealth industry is dependent on the underlying infrastructure. The architecture must be designed around this future, without compromising the security, resilience and trust fundamental to banking. In Fortino and our broader investor group, we have found partners who share our ambition to build that foundation for the next generation of wealth management.
Schuyler Weiss, co-founder and CEO of Light Frame
Source: Tech.eu
