A Bermuda‑based fintech company, Meanwhile, has announced it has closed a Series‑B round of financing that brings the total capital raised to $37.5 million. The round was led by a consortium of international venture capital funds, with significant participation from local investment vehicles headquartered in Hamilton.

During a press briefing in Hamilton, Meanwhile’s CEO, Elena Torres, explained that the new capital will be directed toward expanding its blockchain‑enabled payment platform, scaling operations into the Caribbean and North American markets, and investing in local talent development. The company reaffirms its commitment to maintain a substantial presence in Bermuda, hiring additional software engineers and compliance specialists from the island.

Local investors, including the Bermuda Commercial Bank and the Island Venture Fund, noted that the infusion of capital will strengthen the island’s emerging fintech ecosystem and create new jobs for Bermudians. Torres added that the funding will accelerate the launch of a pilot program in partnership with the Bermuda Monetary Authority to explore regulated digital asset services.

Meanwhile’s success highlights Bermuda’s growing reputation as a hub for financial technology, offering a regulatory environment that balances innovation with robust oversight. The company’s expansion plans are expected to bring increased economic activity to the island and reinforce Bermuda’s position on the global fintech map.