Two former employees of Revolut have successfully secured $2.3 million in pre-Seed funding to develop Bleap, a self-custodial stablecoin app featuring an integrated debit card.
Bleap offers a self-custodial wallet linked to a Mastercard debit card, allowing users to spend stablecoins directly in the real world without incurring conversion fees. The app also provides multi-currency accounts with savings rates nearly five times higher than those of traditional banks.
Users can add stablecoins from external wallets or purchase them using fiat. Bleap enables fee-free crypto on- and off-ramping through connections to external wallets.
Since Bleap does not hold user funds, customers maintain 24/7 access to their assets directly on the blockchain.
The platform is co-founded by former Revolut employees Joao Alves and software engineering lead Guilherme Gomes. “We wanted an app that combines the power of blockchain with the best features of banking,” explains Alves, who previously led Revolut’s card program.
The funding round, which values the company at $10 million pre-money, was led by Ethereal Ventures, with participation from Maven11, Alliance DAO, Robot Ventures, and various angel investors affiliated with Revolut, Phantom, OKX, EigenLayer, and Consensys.
Incorporated in the UK and Poland, and registered as a Virtual Asset Service Provider (VASP) in the EU, Bleap is currently in beta testing with select European users. A full public launch is anticipated in Q1 2025.