November 28, 2024
Bleap, a blockchain-based neobank co-founded by former Revolut employees Joao Alves and Guilherme Gomes, has closed a $2.3 million pre-seed funding round. The round was led by Ethereal Ventures, founded by Joe Lubin of Consensys, with additional participation from Maven11, Alliance DAO, Robot Ventures, and Credibly Neutral. Several angel investors, including executives from Revolut, Phantom, OKX, and EigenLayer, also contributed, bringing Bleap’s post-money valuation to $10 million.
The funds will be used to develop Bleap’s self-custodial payments platform. The app enables customers to make real-world transactions using stablecoins through a linked Mastercard debit card, offering up to 2% cashback and no conversion fees. Bleap combines the functionalities of traditional banking with blockchain technology to deliver features such as multi-currency accounts, competitive savings rates, and global fund transfers without fees. The app is built on the Ethereum Layer 2 network Arbitrum, ensuring fast, gasless transactions.
Bleap’s infrastructure also replaces traditional seed phrases with encrypted cloud storage and social logins, using PortalHQ’s Multi-Party Computation (MPC) technology for enhanced security and user-friendliness. Currently in beta testing with select users in Europe, Bleap is preparing for a full public launch in Q1 2025, followed by expansion into Latin America. Future plans include the introduction of a native token in 2026.
About Bleap
Bleap is a blockchain-based neobank offering self-custodial payment solutions powered by stablecoins. Founded in 2023 by former Revolut employees Joao Alves and Guilherme Gomes, Bleap integrates blockchain’s capabilities with banking features such as savings accounts, multi-currency support, and global transfers. The app leverages Ethereum’s Layer 2 network Arbitrum for seamless transactions and uses Multi-Party Computation (MPC) for security.
Website: https://www.bleap.finance/
X: @BleapApp
About Investor
Ethereal Ventures
Ethereal Ventures is a venture capital firm founded by Joe Lubin, also the founder of Consensys. The firm focuses on supporting early-stage blockchain startups that aim to drive innovation in the decentralized economy.
Location: New York
Website: https://www.etherealventures.com/
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