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Citigroup Bets Millions on U.K. Mortgage Lender

  • LendInvest to enter $53 billion buy-to-let market with Citi
  • Investors in online loans undaunted by uncertainty over Brexit
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Photographer: Jason Alden/Bloomberg

Brexit may be roiling Westminster and inflating prices on supermarket shelves, but don’t tell that to financial institutions eyeing the U.K.’s burgeoning online-lending industry.

In the latest sign of confidence in the sector, Citigroup Inc. has agreed to provide a fintech firm called LendInvest Ltd. with funding for mortgages, the startup said in a statement Wednesday.