Citi Makes Strategic Investment in Cicada to Facilitate Institutional e-Trading of Mexican Government Bonds

NEW YORK--(BUSINESS WIRE)--Citi has made a strategic minority investment in Cicada Technologies Inc. The investment was made by Citi’s Markets Strategic Investments unit, which is responsible for the sourcing and execution of strategic investments relevant to Citi’s Markets franchise. Citi will also act as a liquidity-provider for the trading platform. Cicada is a fintech based in Greenwich, CT that also has a presence in Mexico. Citi joins existing investors Kaszek Ventures, Dila Capital and B