Oxbury, a challenger bank for agriculture, has raised £15mn in its latest funding round.
In Brief:
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This marks the company’s third round of funding.
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It plans to launch this month.
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It received a banking licence in February last year.
What does this mean?
Oxbury was founded by James Faraar, who founded ClearBank. It hopes to help farmers with cashflow especially when income can fluctuate at different times of year.