Bitcoin Life Insurance Startup has successfully raised $40 million in a Series A funding round. The funds will be utilized to further develop their unique insurance products tailored for the cryptocurrency market. This round attracted significant interest from investors eager to support innovative financial solutions. The startup aims to revolutionize the way individuals engage with life insurance in the digital age.
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Company Information
Company
Meanwhile
Location
90 Pitts Bay Road
Hamilton, Pembroke, Bermuda
About
Meanwhile’s mission is to leverage digital assets to provide protection and retirement services globally. Meanwhile Incorporated's subsidiary, Meanwhile Insurance Bitcoin (Bermuda) Limited, is the world's first Bitcoin life insurer. Regulated by the Bermuda Monetary Authority as a Class ILT insurer, Meanwhile Insurance is a fully functioning and launched life insurance company denominated in Bitcoin. Meanwhile’s systems allow users to easily apply for their BTC life insurance policies, a tax-advantaged way to make a portion of policyholders’ BTC active. Confident that BTC is on pace to become a global store of value and functional currency, the company’s licensed and regulated Bermuda subsidiary is entirely denominated in BTC, accepting all premiums and paying out all claims in BTC.
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