Bleap, an on-chain finance app founded by former Revolut employees, has raised $6 million in seed funding, The Block reported on Jan. 28 local time.

Bleap aims to innovate the traditional financial system through its app, which offers stablecoin-based payments and global asset management functions.

The funding round was led by Blossom Capital. Bleap said it would build a new settlement layer using blockchain to address inefficiencies in the existing financial system.

Bleap provides a self-custody financial account that allows users to manage assets directly without going through banks or fintech firms.

Through the account, users can access fee-free global payments, stablecoin cashback, real-time overseas remittances and features to generate yield on deposits. After signing a partnership with Mastercard last year, Bleap is integrating stablecoin payments with traditional card networks. It is adding cross-chain transactions to support swaps across networks such as Solana and Arbitrum, and plans to connect Base and the BNB Chain as well.

Bleap has applied for certification under the European Union's Markets in Crypto-Assets Regulation, known as MiCA, and is also expanding into Latin America. It is currently operating in Mexico and is preparing to enter Brazil, Colombia and Peru. It planned to issue its own token in 2026, but the schedule has been delayed and it is now targeting an early 2027 launch.