The startup, which is regulated by the Bermuda Monetary Authority, offers whole life insurance denominated in Bitcoin.
Crypto startup Meanwhile has raised $40 million to scale its Bitcoin-denominated life insurance business, targeting so-called “inflation-prone economies” where policyholders may seek alternatives to traditional fiat-based payouts.
The Series A investment round was led by Framework Ventures and Fulgur Ventures, with additional participation from Xapo founder Wences Casares, the company disclosed on April 10.
Meanwhile previously secured $20.5 million in seed funding backed by OpenAI CEO Sam Altman and others.
