Light Frame, a fintech providing core banking and portfolio management software for the wealth industry, said this week that it has closed an oversubscribed $5.1 million seed financing round from a raft of investors. Schuyler Weiss, a former CEO of , founded Light Frame.

The round was led by Fortino Ventures, with participation from Sidekick Partners, Tenity, Chameleon, and Altair Capital, alongside existing investors including Rogue Venture Partners, New Stack Ventures, and Studio Alpha.

Engineered in Switzerland, Light Frame combines banking and investment capabilities and capabilities using artificial intelligence. 

Light Frame was founded in 2024 by Weiss. (He left Alpian in 2023, as reported here.) Other backers are Mathieu Clément, Alpian's former chief operating officer and chief information officer, and technologists Philippe Kernevez and Gregory Bataille. 

Light Frame has offices in Lausanne, Switzerland, and Newport, Rhode Island.

This news service looks at how and why banks invest in fintech startups in this feature.