Virgin Money's venture debt team has provided a seven-figure facility to Snappy Group, the Scotland-based owner of the Snappy Shopper grocery delivery app, The Scotsman reported.
Snappy Group said the facility will give it additional headroom to pursue growth opportunities across the UK and selected international markets.
Founded in Dundee in 2017, Snappy Group operates three divisions: Snappy Shopper, Snappy Technologies and Snappy Media. The company works with UK convenience retailers including Spar, One Stop, Morrisons and the Co-op, and says annualised grocery gross merchandise value now exceeds £150m.
Barry McGonagle, chief financial officer at Snappy Group, said: "This facility adds further firepower alongside previous equity investments and gives us the capital and flexibility to accelerate into that opportunity with confidence."
Andrew Stirrat, senior director of venture debt at Virgin Money, said: "We are delighted to support one of Scotland’s leading scale-up technology companies through this lending facility and look forward to backing the next phase of its ambitious expansion."
Companies House records show a charge in favour of Nationwide Building Society, trading as Virgin Money, created over Snappy Shopper Ltd on 1 May 2026. It is the company's first registered charge. Virgin Money is now part of Nationwide.
Snappy Group raised £19.4m in July 2021, including a £6.6m strategic investment from PayPoint, with Highland Tech, Maven Capital Partners, Kelvin Capital, former Sainsbury's chief executive Justin King and Scottish Enterprise. In December 2022, it raised an undisclosed seven-figure round from existing investors, led by Highland Tech with Kelvin Capital and Scottish Enterprise.