Bleap has completed a pre-seed round of financing of 2.3 million US dollars, led by Ethereal Ventures

On November 28, the "blockchain bank account" Bleap completed a $2.3 million Pre-seed round of financing, led by Ethereal Ventures, with participation from Maven11, Alliance DAO, Robot Ventures and Credibly Neutral as well as key executives from angel investors Revolut, Phantom, OKX, EigenLayer and Consensys.

This funding will be used to help develop a self-hosted payment application that allows customers to spend stablecoins in the real world through an associated Mastercard debit card without charging conversion or exchange fees and earning up to 2% cash back on purchases. Bleap is currently testing with some EU users and plans for full public deployment are scheduled for the first quarter of 2025. The token is expected to launch in 2026.