PANews reported on November 28 that according to The Block, Bleap, a "blockchain bank account" founded by former Revolut employees Joao Alves and Guilherme Gomes, has completed a $2.3 million seed round of financing led by Ethereal Ventures. Other participants include institutions such as Maven11 and Alliance DAO, as well as executives from Revolut, Phantom and OKX. After this round of financing, the company's valuation reached $10 million.
Bleap is a self-hosted stablecoin payment application. Users can make stablecoin payments through bound Mastercard cards, enjoy zero conversion fees and up to 2% cashback. The application is based on Ethereum Layer 2 network Arbitrum, supports stablecoins such as USDC and USDT, and is scheduled to be fully launched in Q1 2025. Bleap provides decentralized finance (DeFi) income and fee-free global transfer services by combining blockchain technology with banking services. In addition, Bleap is registering as a Polish virtual asset service provider (VASP) and plans to launch its own token in 2026.
