Founded by executives who previously built Swiss digital bank Alpian, Light Frame is developing modern infrastructure for wealth managers and financial institutions.
Light Frame has raised $5.1 million in an oversubscribed seed round led by Fortino Ventures.
Sidekick Partners, Tenity, Chamaeleon and Altair Capital participated, alongside existing investors Rogue Venture Partners, New Stack Ventures and Studio Alpha.
Founded in 2024, Light Frame develops core banking and portfolio management software for private banks, wealth managers, asset managers and family offices.
Its founding team includes Schuyler Weiss, former CEO of Swiss digital bank Alpian, Mathieu Clément, Alpian's former COO and CIO, and technologists Philippe Kernevez and Gregory Bataille.
Replacing Decades-Old Banking Infrastructure
Private banks depend on software systems that handle investments, customer records, treasury operations and regulatory requirements.
Many institutions still operate technology developed decades ago.
Replacing those systems can be expensive, risky and operationally disruptive.
Light Frame is developing a modular platform that allows financial institutions to modernize selected systems rather than replacing their entire infrastructure at once.
Its cloud-native architecture integrates banking and investment functionality through APIs.
Making AI Useful Inside Financial Institutions
Light Frame is building AI capabilities directly into its banking infrastructure.
Its ambition is to automate complex operational tasks while maintaining the security and compliance requirements of regulated institutions.
The company already supports live institutional operations across Europe, the Middle East and Africa.
That provides an early test of its technology in demanding financial environments.
A Difficult but Valuable Market
Core banking software can create long-term customer relationships because financial institutions rely heavily on operational stability.
However, implementations are complex and sales cycles can be lengthy.
Light Frame will use its financing to expand engineering, implementation teams and commercial operations.
Its opportunity is to become a modern technology foundation for private banks seeking the benefits of AI without the risks of replacing every existing system simultaneously.
Sources: Tenity; Business Wire; Finextra.