Agricultural challenger bank Oxbury has successfully secured £20 million to further enhance its proprietary AgTech core platform. This funding round saw participation from notable organizations such as Frontier Agriculture, Hutchinsons Group, Hambro Perks, and Grosvenor Food & AgTech, bringing Oxbury’s total funding to £68 million.
Positioned as the UK’s sole AgTech bank, Oxbury has facilitated £500 million in lending either completed or in progress within just 15 months of its operation. The bank has also developed ‘Oxbury Earth,’ a banking platform designed to provide an array of data solutions aimed at improving sustainability, provenance, and productivity for customers in agriculture and supply chains.
In March, Oxbury expanded its scope by acquiring Naqoda, a low-code development firm, with the aim of evolving into a software-as-a-service provider within the broader fintech and banking landscape.
James Farrar, CEO of Oxbury, remarked, “This additional funding instills significant confidence in our capacity to expand both the bank and our innovative AgTech banking platform, Oxbury Earth.”