U.K.-based blockchain crypto startup Bleap, founded by former Revolut employees Joao Alves and Guilherme Gomes, has raised $2.3 million in pre seed funding to help enable crypto payments via debit cards.
The funding round, which went into effect on Nov. 28 in X, was backed by Ethereal Ventures, along with Maven11, Alliance DAO, Robot Ventures, Credibly Neutral in angel and others.
Bleap was valued at $10 million by the investment, which is intended to help the company build a wallet linked debit card that lets users spend stablecoins without conversion fees.
Bleap’s Mastercard Card Offers 2% Cashback with Arbitrum Security
On transactions, you get up to 2% cashback on the card integrated with Mastercard.From a technical point of view Bleap employs Arbitrum, an Ethereum layer 2 solution, for scalability and multi party computation to protect wallet access.
Poland is where startup is registered as a virtual asset service provider and is getting ready to expand under Europe’s Markets in Crypto-Assets (MiCA) framework. Bleap already has a beta version in testing looking ahead; it plans a full release in Q1 2025. In 2026, the company also plans to introduce its own token in the Latin American market by 2025.
Alongside Mastercard’s recent September launch of its Spend debit card for European crypto users, the new payment method was announced. It lets users spend Bitcoin and tokens at more than 100 million merchants by tying transactions to euro denominated accounts.
These are already allowing the Bleap to come forward as an important player in bringing traditional finance and blockchain technology together and providing users an easy and economic method to spend cryptocurrency during every day transactions.
