Meanwhile, a crypto-focused life insurance startup that collects payments and pays life insurance policies in bitcoin has raised $40 million in its Series A funding round.
Led by Framework Ventures and Fulgur Ventures, with the participation from Xapo founder Wences Casares, the round gives Meanwhile a valuation of $190 million. Zac Townsend, co-founder and CEO of Meanwhile, told Fortune that these funds would be used to expand globally and to ensure that its products will be compliant with regulations from all over the world. Townsend revealed that the idea behind Meanwhile was the perceived decline of the dollar. “So the idea of storing some value for your kids… in this global, censorship-resistant, decentralized, uncontrollable currency in Bitcoin is very attractive,” he concluded.
