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Two former Revolut employees have secured $2.3 million in pre-seed funding to launch Bleap, a self-custodial stablecoin app paired with a Mastercard debit card, aiming to bridge blockchain technology and traditional banking.

Bleap offers users a self-custodial wallet linked to a debit card, enabling the direct use of stablecoins for real-world transactions without conversion fees. The app also features multi-currency accounts with savings rates nearly five times higher than those offered by traditional banks. Users can fund their wallets with stablecoins from external sources or purchase them directly using fiat currency. The platform also provides fee-free crypto on- and off-ramping through seamless integration with external wallets.

By not holding customer funds, Bleap ensures that users maintain 24/7 control over their assets directly on the blockchain, enhancing security and transparency.

The startup was co-founded by João Alves, who previously led Revolut’s card programme, and Guilherme Gomes, a former software engineering lead at the company. “We wanted to create an app that combines the power of blockchain with the best features of modern banking,” said Alves.

The $2.3 million funding round, which valued Bleap at $10 million pre-money, was led by Ethereal Ventures, with additional backing from Maven11, Alliance DAO, Robot Ventures, and notable angel investors from Revolut, Phantom, OKX, EigenLayer, and ConsenSys.

Registered as a Virtual Asset Service Provider (VASP) in the EU and incorporated in the UK and Poland, Bleap is currently in beta testing with select European users. The startup plans a full public launch in Q1 2025, aiming to redefine banking by leveraging blockchain technology.

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