Light Frame raises $5.1M seed to modernise private banking tech

Replacing legacy systems

Founded in 2024, Swiss American Light Frame wants to replace what it describes as the outdated technology stacks of traditional private banks. It offers core banking and portfolio management software for private banks, wealth managers and asset managers. The founding team includes key people who previously worked at Swiss digital private bank Alpian.

Through its cloud and API platform, wealth managers can run clients' investment portfolios and assets and process investment and corporate transactions, among other functions. The technology is modular: firms can modernise individual components of their existing setup or adopt the full platform.

What the money is for

Light Frame plans to invest the funding in its platform and to expand its commercial team across EMEA.

Co-founder and CEO Schuyler Weiss, formerly CEO of Alpian, tied the company's pitch to artificial intelligence. "AI is redefining what technology can deliver, but the realisation of its potential in the Wealth industry is dependent on the underlying infrastructure," he said, adding that the architecture must be built for this future without compromising the security, resilience and trust fundamental to banking.

For private banks, the pitch is a way to upgrade step by step rather than through a full system replacement. The expansion of the sales team across EMEA will show how quickly institutions are willing to move away from their existing platforms.