According to BlockBeats, on October 5, Finsmes reported that on-chain credit risk management company Cicada Partners completed a $9.7 million Pre-Seed round of financing, led by Choppa Capital, with participation from Bitscale, Bodhi Ventures, and Shiliang Tang. The funds raised will be used to provide seed funding for multiple new non-custodial lending pools and conduct research and development on new blockchain lending application cases.