Bleap, a London, UK-based provider of a self-custodial payments app, raised $2.3M in Pre-Seed funding.
The round was led by Ethereal Ventures with participation from Maven11, Alliance DAO, Robot Ventures, and angel investors from Revolut, Phantom, OKX, EigenLayer, and Consensys.
The company intends to use the funds to expand operations and its development efforts.
Founded by former Revolut employees Joao Alves and Guilherme Gomes, Bleap provides a self-custodial wallet linked to a Mastercard debit card, letting users spend stablecoins directly in the real world without conversion fees and up to 2% cashback on purchases. The app also supports multi-currency accounts with savings rates, enabled by stablecoins and decentralized finance. Users can transfer funds globally, instantly, and without fees.
Bleap also supports fee-free crypto on- and off-ramping via external wallet connections.
Incorporated in the UK and Poland and registered as a Virtual Asset Service Provider (VASP) in the EU, Bleap is currently in beta with select European users. The full public launch is scheduled for Q1 2025, bringing crypto payments across Europe.
FinSMEs