.webp)
.png "Bleap Raises $2.3M for Blockchain Banking App")
5:42 PM · Nov 28, 2024 – Bleap, a groundbreaking fintech startup founded by former Revolut executives Joao Alves and Guilherme Gomes, has successfully raised $2.3 million in pre-seed funding. This investment, led by Ethereal Ventures with participation from Maven11, Alliance DAO, Robot Ventures, Credibly Neutral, and several angel investors, values the company at $10 million. Bleap is poised to disrupt traditional banking by offering a self-custodial, blockchain-based platform for managing and spending stablecoins.
Bridging the Gap Between Traditional Finance and Blockchain
Bleap aims to simplify the complexities of cryptocurrency and make it accessible to everyday users. By combining the benefits of blockchain technology with the familiarity of traditional banking services, Bleap offers a unique solution for managing digital assets. The platform provides a user-friendly interface for holding, spending, saving, and transferring stablecoins like USDC, USDT, USDA, and EURA.
Key Features and Benefits:
- Self-Custodial Security: Bleap prioritizes user control and security. Utilizing ERC-4337 account abstraction, each user is provided with a smart wallet on the Arbitrum network, a Layer-2 scaling solution for Ethereum. This eliminates the need for traditional seed phrases, which can be complex and vulnerable to loss or theft. Instead, wallet keys are encrypted and securely backed up in the cloud, recoverable via two-factor authentication. This ensures users retain full ownership of their assets while simplifying account management.
- Mastercard Integration for Seamless Spending: Bleap has partnered with Mastercard to enable direct spending of stablecoins via a debit card. This integration allows users to make purchases at over 100 million merchants worldwide. Transactions are verified on-chain in real time, and stablecoins are converted to fiat currency at the point of sale, eliminating the need for pre-conversion and saving users on exchange fees. This offers the convenience of traditional debit cards with the advantages of blockchain technology.
- Competitive Savings Rates through DeFi Integration: Bleap integrates with decentralized finance (DeFi) protocols, providing users with access to competitive interest rates on their stablecoin holdings. This allows users to earn passive income on their digital assets while retaining full control and custody.
- Multi-Currency Account Management: Bleap supports multiple currencies, including digital USD, EUR, and GBP, allowing users to easily manage their funds across different regions and currencies. This simplifies international transactions and offers flexibility for users with diverse financial needs.
- 2% Cashback Rewards: Bleap's Mastercard-linked debit card offers up to 2% cashback on every purchase, providing an added incentive for users to adopt the platform.
- MiCA Compliance and Expansion Plans: Registered as a Virtual Asset Service Provider (VASP) in Poland, Bleap is fully compliant with the EU’s Markets in Crypto-Assets (MiCA) regulation. The company plans to expand its services throughout Europe and into Latin America by 2025, demonstrating its commitment to regulatory compliance and global reach.
Team and Investors:
Bleap is led by experienced fintech professionals Joao Alves and Guilherme Gomes, both alumni of Revolut, a leading neobank. Their expertise in financial technology and product development positions Bleap for success in the rapidly evolving landscape of digital finance. The backing of prominent investors like Ethereal Ventures, Maven11, and Alliance DAO further strengthens Bleap's position and validates its innovative approach.
Roadmap and Future Plans:
Currently in beta testing across Europe, Bleap is targeting a full public launch in Q1 2025, with a planned token rollout in 2026. The company is committed to building a robust and user-friendly platform that empowers individuals to seamlessly integrate cryptocurrencies into their daily financial lives.
About Bleap:
Bleap is a blockchain-based fintech company revolutionizing the way people manage and spend their digital assets. By combining the security and transparency of blockchain with the convenience of traditional banking, Bleap provides a self-custodial platform for holding, spending, saving, and transferring stablecoins. With its innovative technology and experienced team, Bleap is at the forefront of the next generation of financial services.
About Ethereal Ventures:
Ethereal Ventures is a venture capital firm focused on investing in blockchain and Web3 technologies. Led by Joe Lubin, a co-founder of Ethereum, Ethereal Ventures supports innovative projects that are shaping the future of decentralized finance.
About Maven11:
Maven11 is a leading blockchain and Web3 investment firm with a focus on early-stage projects. They provide capital and strategic support to companies building the decentralized future.
About Alliance DAO:
Alliance DAO is a decentralized autonomous organization (DAO) focused on investing in and supporting Web3 projects. They provide a community-driven approach to venture capital.
Compiled by CMO Intern team
Contact CMO Intern:
Follow and connect with us on:👉 LinkedIn | Facebook | Twitter (X) | Substack |
CMO Intern Ecosytem: C-News | C-Talents | C-Agency
