U.K.-based startup Bleap has raised $2.3 million in pre-seed funding to enhance its blockchain-connected debit card, marking a pivotal moment in its expansion in the crypto sector.
Investment in Bleap
Bleap secured $2.3 million in a pre-seed funding round led by Ethereal Ventures. Other participants include Maven11, Alliance DAO, Robot Ventures, Credibly Neutral, and angel investors. With this investment, Bleap's valuation reached $10 million.
Features and Benefits of Bleap Card
The Bleap card, linked to Mastercard, enables users to spend stablecoins without conversion fees and offers up to 2% cashback. On the blockchain side, it leverages Arbitrum, an Ethereum layer-2 solution, and employs multi-party computation for wallet access.
Bleap's Future Development Plans
Founded by Joao Alves and Guilherme Gomes, Bleap plans to register as a virtual asset service provider in Poland, expand under Europe's MiCA regulations, and enter Latin America by 2025. Currently in beta, Bleap aims for a full launch in Q1 2025 and plans a token rollout for 2026.
The funding boost for Bleap marks a significant step forward in facilitating crypto transactions via debit cards, offering convenience, low fees, and international expansion prospects.
