Swiss fintech infrastructure startup Light Frame raises over $5M
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 Fortin...
Swiss fintech startup Light Frame has secured over $5 million in seed funding to revolutionize banking infrastructure for the wealth industry. The funding round, led by Fortino Ventures, saw participation from Sidekick Partners, Tenity, Chamaeleon, AltaIR Capital, as well as existing investors Rogue Venture Partners, New Stack Ventures, and Studio Alpha.
Light Frame, founded by former Alpian personnel, aims to replace the "outdated" technology used by traditional private banks. The company offers core banking and portfolio management software for private banks, wealth managers, and asset managers through a cloud and API platform. This modular technology allows firms to modernize specific parts of their existing systems or adopt the full platform.
The funding will be used to expand the platform and grow the company's commercial team across Europe, the Middle East, and Africa (EMEA). Light Frame's CEO and co-founder Schuyler Weiss emphasized that the startup delivers foundational technology with the sophistication required by institutions, acknowledging that AI's potential in wealth management depends on a robust underlying infrastructure.
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