Agricultural challenger financial institution Oxbury has raised £20 million to proceed the event of its proprietary AgTech core platform.
Calling itself the UK’s solely AgTech financial institution, Oxbury has £500 million of lending accomplished or in progress within the 15 months of its operations.
The lender has additionally developed a banking platform – Oxbury Earth – to energy a spread of knowledge options for farming and provide chain clients, serving to them enhance sustainability, provenance and productiveness efficiency.
In March, the financial institution purchased low code improvement outfit Naqoda because it seems to be to develop into a software-as-a-service supplier for the broader fintech and banking business.
James Farrar, CEO, Oxbury, says: “This extra funding offers us large confidence in our capability to develop each the financial institution and our new AgTech banking platform, Oxbury Earth.”