Meanwhile, cryptocurrency insurance company completes $40 million Series A financing, led by Framework Ventures and others
04-10 12:06
Odaily News Cryptocurrency insurance company Meanwhile completed a $40 million Series A financing round led by Framework Ventures and Fulgur Ventures on Thursday, with participation from Wences Casares, founder of cryptocurrency bank Xapo. This round of financing is valued at $190 million, almost double the valuation of the most recent round of financing in 2022. Meanwhile will use the funds raised from this round of financing to expand globally and ensure that its products meet regulatory requirements. It is reported that Meanwhile's life insurance policy is similar to ordinary life insurance. The insured is required to pay the monthly premium calculated by the actuary. However, unlike paying from a bank account or using a check, customers are required to pay with Bitcoin from a cryptocurrency wallet. When the insured dies, his family will receive the claim amount in the form of Bitcoin. (Fortune)
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