According to Fortune magazine, as reported by ChainCatcher, cryptocurrency insurance company Meanwhile completed a $40 million Series A funding round on Thursday, led by Framework Ventures and Fulgur Ventures, with Xapo cryptocurrency bank founder Wences Casares also participating in the investment.
This funding round valued Meanwhile at $190 million, nearly double its valuation from its most recent funding round in 2022. Meanwhile will use the funds raised to expand globally and ensure its products comply with regulatory requirements.
According to the introduction, Meanwhile's life insurance policies are similar to traditional life insurance. Policyholders need to pay monthly premiums calculated by actuaries. However, unlike paying from a bank account or using a check, customers must pay with Bitcoin from their cryptocurrency wallet. When the policyholder dies, their family will receive the claim amount in Bitcoin.
