Two former Revolut employees have secured $2.3 million in pre-seed funding to build Bleap, a self-custodial stablecoin app with an accompanying debit card.

Meanwhile, Revolut is expanding its crypto platform, Revolut X, to 30 additional European Economic Area markets, providing access to over 200 tokens. The company is also strengthening its mergers and acquisitions team, indicating a potential focus on business acquisitions.

Bleap Supports Multi-Currency Accounts, Savings

The funding round valued Bleap at $10 million before investment and was led by Ethereal Ventures, with participation from Maven11, Alliance DAO, Robot Ventures, and angel investors from Revolut, Phantom, and Consensys.

Bleap offers a self-custodial wallet integrated with a Mastercard debit card, enabling users to spend stablecoins without conversion fees. The app supports multi-currency accounts with savings rates significantly higher than traditional banks.

Users can add stablecoins from external wallets or purchase them using fiat. It also allows fee-free crypto on- and off-ramping. Since funds are stored directly on the blockchain , users maintain 24/7 access to their assets.

Founded by Joao Alves and Guilherme Gomes, both ex-Revolut employees, Bleap is incorporated in the UK and Poland and is registered as a Virtual Asset Service Provider (VASP) in the EU. The app is in beta testing with select European users, with a full public launch expected in Q1 2025.

“We wanted an app that combines blockchain’s power with the best of banking,” said Alves, who previously led Revolut’s Card Programme.

Revolut X Cryptocurrency Exchange Expands Across EEA

Revolut has announced the expansion of its cryptocurrency exchange platform, Revolut X, to 30 new markets across the European Economic Area (EEA). This follows the earlier launch of Revolut X in the United Kingdom, where the platform has gained significant traction.

As reported by Finance Magnates, the exchange provides users access to over 200 digital tokens with competitive pricing, including zero fees for limit orders and a 0.09% fee for market orders.