Redefining Banking with Blockchain Technology
Former Revolut employees have raised $2.3 million in pre-seed funding to launch Bleap, a blockchain-powered self-custodial banking app. The platform allows users to spend stablecoins via a Mastercard debit card without conversion fees and earn up to 2% cashback. The funds will support further app development and expansion, with the company valued at $10 million post-money.Innovation Meets Simplicity
Built on the Ethereum Layer 2 network Arbitrum, Bleap uses Multi-Party Computation (MPC) technology to replace seed phrases with a more user-friendly, secure recovery process. This ensures complete self-custody and enables seamless, gasless transactions. The app supports multiple stablecoins, such as USDC and EURA, and offers savings rates five times higher than traditional banks through integrated DeFi protocols.Expanding Horizons
Currently in beta for select EU users, Bleap plans to go public in 2025 across Europe and later expand to Latin America. A token launch is expected in 2026. The app aims to blend blockchain’s potential with the convenience of traditional banking, offering a groundbreaking approach to global payments and financial management.
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