Tenity joins Light Frame’s oversubscribed $5.1 million Seed round, backing a new generation of core banking and portfolio management technology for the wealth industry.
Tenity, the global fintech venture capital and innovation platform, today announced its investment in Light Frame, the financial technology company behind next-generation core banking and portfolio management software for private banks and wealth managers.
Tenity participated in Light Frame’s oversubscribed $5.1 million Seed financing round, led by Fortino Ventures. The investment follows growing institutional adoption of Light Frame’s technology across EMEA, where the company is supporting live client operations and expanding its presence in the private banking and wealth management markets.
Modernising the infrastructure behind private banking
Over the past decade, modern core banking providers have transformed the technology supporting accounts, payments, cards and lending. The wealth industry, however, remains heavily dependent on legacy infrastructure that is costly to maintain, difficult to modernise and increasingly constrained in its ability to support emerging technologies.
Light Frame addresses this gap with a new generation of core banking and portfolio management technology engineered in Switzerland. Its cloud-native, API-first architecture is designed around artificial intelligence, combining comprehensive investment functionality with secure interoperability. The fully modular platform enables institutions to modernise individual capabilities or adopt a complete solution, while integrating with modern transactional core banking systems.
Backing a team that knows the industry
Light Frame was founded in 2024 by Schuyler Weiss, founder and former CEO of Alpian, Switzerland’s first cloud-native private bank; Mathieu Clément, Alpian’s former COO and CIO; and technologists Philippe Kernevez and Gregory Bataille. Its advisory board includes former senior executives from Julius Baer and EFG, bringing further experience from established Swiss private banking institutions. Product development is based in Lausanne.
Why Tenity has backed Light Frame
A team with firsthand banking experience
Light Frame’s founders previously built and operated Alpian, Switzerland’s first cloud-native private bank, experiencing firsthand the limitations of traditional banking infrastructure. Together with an advisory board that includes former senior executives from Julius Baer and EFG, the company brings a depth of institutional understanding rarely found in emerging technology providers.
A practical approach to modernisation
Replacing core banking infrastructure is a significant undertaking. Light Frame’s modular architecture allows institutions to modernise progressively, adopting individual capabilities or a complete platform, while integrating with modern transactional banking systems. With live client operations across EMEA, the company is demonstrating this approach in the market.
A partnership built on institutional relationships
Trust and credibility are fundamental to technology decisions in private banking. Tenity brings an established network of banks, insurers, technology providers and consultants across Zurich, Singapore, London, Madrid, Istanbul and Hong Kong, supporting Light Frame’s continued expansion across the wealth industry.
Guillermo Forteza, Investment Director, Tenity: “Banks do not lack the will to modernise their core banking infrastructure. They lack a way that does not put the whole bank at risk. Light Frame is led by people who have run a bank and know where its systems fall short. We invest where a team knows the problem first hand and the product gives customers a realistic first step. That is Light Frame.”
Schuyler Weiss, CEO and co-founder, Light Frame: “The wealth industry has spent decades adapting its operations to the limitations of the technology available. Light Frame has delivered a system that has unlocked a fundamentally new way to operate. In Tenity, we have found a partner that shares our ambition and brings valuable relationships across Swiss and European financial services as we expand our institutional presence.”
About Light Frame
Light Frame is a Swiss-built, cloud-native core platform designed for the investment and wealth management industries in the age of AI. The platform’s modules cover investment operations, portfolio management, fund management and treasury, and they can be licensed individually or together. The company develops its product in Lausanne and serves private banks and wealth institutions in Europe, the Middle East and Africa.
Website: Light Frame
Contact: contact@lightframe.tech
