Cryptocurrency insurance company Meanwhile completes $40 million Series A funding, led by Framework Ventures and others

ChainCatcher news, according to Fortune magazine, cryptocurrency insurance company Meanwhile completed a $40 million Series A funding round on Thursday, led by Framework Ventures and Fulgur Ventures, with participation from Wences Casares, the founder of cryptocurrency bank Xapo.

This funding round values Meanwhile at $190 million, nearly double its valuation during the most recent funding round in 2022. Meanwhile will use the funds raised in this round for global expansion and to ensure its products comply with regulatory requirements.

It is reported that Meanwhile's life insurance policies are similar to regular life insurance. Policyholders are required to pay a monthly premium calculated by actuaries. However, unlike payments made from bank accounts or using checks, customers must pay in Bitcoin from their cryptocurrency wallets. When the policyholder passes away, their family will receive the claim amount in Bitcoin.