A startup with roots in Switzerland which provides banking infrastructure for the wealth industry has raised over $5m in seed funding.

Light Frame has raised $5.1m in a seed funding round led by Fortino Ventures, with participation from Sidekick Partners, Tenity, Chamaeleon, and AltaIR Capital, alongside existing investors including Rogue Venture Partners, New Stack Ventures, and Studio Alpha. It previously raised $1.7m in a pre-seed round in 2024.

Swiss American Light Frame, founded in 2024, is looking to replace what it sees as the “outdated” technology infrastructure used by traditional private banks. The startup provides core banking and portfolio management software for private banks, wealth managers and asset managers. The startup was founded by key personnel who worked at Swiss digital private bank Alpian.

Through its cloud and API-platform, the startup says wealth managers can manage customers’ investment portfolios and assets, process investment and corporate transactions, among other things. Its tech is modular so firms can modernise individual parts of their existing setup or adopt the full platform.

It will use the funding to invest in the platform and grow its commercial team across EMEA, Light Frame said.

Schuyler Weiss, co-founder and CEO of Light Frame, who is the former CEO OF Alpian, said: “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.”

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