Light Frame raises $5.1m to expand wealth technology platform

By Divya Shah

Why this matters: Investment in modern wealth technology supports banks seeking to replace legacy systems with flexible infrastructure for digital banking and AI-driven services.

Light Frame, a financial technology company providing core banking and portfolio management software for the wealth industry, has raised $5.1 million in an oversubscribed seed funding round. 

The round was led by Fortino Ventures, with participation from Sidekick Partners, Tenity, Chamaeleon and AltaIR Capital. Existing investors, including Rogue Venture Partners, New Stack Ventures and Studio Alpha, also took part. 

The funding comes as Light Frame reported growing adoption of its technology among financial institutions across Europe, the Middle East and Africa (EMEA). The company is supporting live client operations and expanding its presence in private banking and wealth management. 

Schuyler Weiss, co-founder and CEO of Light Frame, said, “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.”   

Light Frame has developed a core banking and portfolio management platform designed specifically for wealth management institutions. Built in Switzerland, the platform combines banking and investment capabilities with a cloud-native, API-first architecture designed to support artificial intelligence (AI) applications. 

The company aims to address the limitations of older technology systems used across the wealth industry, which can be costly to maintain, slow to implement and difficult to adapt to changing business requirements. 

Hugh Phelan, Investment Manager at Fortino Ventures, said the Light Frame team had direct experience operating a regulated Swiss bank using the type of infrastructure the company was seeking to modernise. 

He added that the team’s industry experience and technical expertise were important factors in addressing the challenges financial institutions face when moving sensitive data and live operations to new technology platforms. 

The funding will support further platform development, expansion of implementation and client delivery capabilities, and growth of the company’s commercial activities, with an initial focus on EMEA.