Bleap Secures $6 Million Seed Funding Led by Blossom Capital
Bleap will allocate funding to develop yield vaults, expand on-chain trading capabilities, and grow its self-custody stablecoin payments business in Latin America and Europe.
Summary
Bleap, a self-custody stablecoin payments app founded by former Revolut executives Joao Alves and Guilherme Gomes, announced via official statement that it secured $6 million in seed funding led by Blossom Capital, completed in summer 2024, following a $2.3 million pre-seed in late 2024. The funds will be used to develop yield vaults, expand on-chain trading, and grow user reach in Latin America and Europe.
Terms & Concepts
- Self-custody: A method in which cryptocurrency holders control their own private keys and funds without relying on third-party custodians.
- Stablecoin: A type of cryptocurrency designed to maintain a stable value, typically pegged to a currency like the US dollar or a commodity.
- On-chain trading: Trading of digital assets that occurs directly on the blockchain, without centralized intermediaries.