Ex-Revolut duo raise $6 million seed round to expand onchain finance app Bleap

Former Revolut leaders Joao Alves and Guilherme Gomes have raised a $6 million seed round to expand Bleap, an onchain finance app built around self-custody and stablecoin-based payments.

The priced round, led by Blossom Capital, opened and closed last summer, Alves told The Block. The company did not disclose a post-money valuation.

The latest raise follows Bleap’s $2.3 million pre-seed round in late 2024, which was led by Consensys founder Joe Lubin’s Ethereal Ventures.

Since that earlier round, Bleap said it has grown to more than 20,000 users and processed over $30 million in transactions during 2025, providing early signs of traction for its approach to blockchain-based everyday finance.

Alves and Gomes founded Bleap after spending years building financial products at Revolut, where they said they saw a growing disconnect between modern user interfaces and the infrastructure moving money behind the scenes.

“The interfaces got better,” Alves said. “But underneath, money is still moving on systems built decades ago. That’s where the friction comes from.”

Rebuilding finance from the settlement layer up

Rather than adding another fintech layer on top of existing rails, the founders set out to rebuild the base itself by using blockchain as the settlement layer. Bleap offers a self-custodial financial account that allows users to spend, save, and move value globally from a single balance, without handing custody of funds to a bank or fintech.

From that account, users can spend globally with no FX markups, receive cashback paid in stablecoins, transfer money instantly across borders without fees, and earn yield through savings vaults. The company previously said its goal was to combine the familiarity of traditional banking with the capabilities of onchain finance.

Last April, Bleap partnered with Mastercard as part of its efforts to integrate stablecoin-based payments with traditional card networks.

Since the pre-seed round, Bleap has continued expanding product functionality. Users could already buy digital assets with no fees, and the platform is now rolling out cross-chain trading, with swaps across networks such as Solana and Arbitrum without trading fees or gas costs paid by the user, and support for Base and BNB Chain planned next.

The founders said the broader goal is to consolidate spending, saving, yield, and trading into a single self-custodial account, designed to make onchain finance practical and accessible for both crypto-native users and newcomers.

Bleap’s latest raise comes as stablecoin adoption continues to expand, with onchain settlement rails increasingly used for payments, trading, and yield products, while regulatory frameworks in regions like Europe continue to take shape.

Bleap is applying for authorization under Europe’s Markets in Crypto-Assets framework as it looks to scale its services across the region, Alves told The Block. The company has also begun expanding beyond Europe into Latin America, with Mexico currently live and launches underway in Brazil, Colombia, and Peru.

Notably, Bleap previously planned to launch a native token in 2026, but Alves said that the timeline has shifted, with a potential launch now targeted for early 2027.

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