Sam Altman-Backed Meanwhile Raises $37.5M for Bitcoin Insurance
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Meanwhile raised $37.5 million in a financing round led by Bain Capital Crypto, bringing its total funding above $180 million. The company sells BTC Life 1-Pay, a Bitcoin-denominated coverage product that also allows borrowing against eligible policy value, and it has built distribution through 15 broker relationships across international wealth-management markets.
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What it means
People who use or sell wealth-management insurance products are the ones most likely to notice this next, because Meanwhile says it is working through 15 broker relationships across international wealth-management markets. That puts Bitcoin-denominated coverage and borrowing against eligible policy value in a broader distribution setup than a single direct channel.
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