journey
Shareholder journey

Building Vela.

The story of building a verified purchase network.

Every chapter captures a milestone, experiment or lesson that has shaped Vela's journey.

Vela Today As at 28 October 2026
Consumer
£11.2m GMV
lifetime verified GMV · ~£1.4m/wk run-rate · 9.5K weekly actives
Enterprise
Two partners signed
Nestlé (Q1 enterprise) · Dr Will's live from 28 Oct · £84k/yr potential
Verticals
Three categories live
FMCG · Health & Beauty · Fashion · 25+ UK retailers at receipt level
Network
17,930 retailers
498.4K unique products · 602.4K verified purchases tracked
Latest chapter
Chapter 05
Compounding, fast · October 2026
Current stage · maturity across the business Not a completion bar — a position indicator
Product
Advancing
Commercial validation
Advancing
Consumer growth
Advancing
Monetisation
Early
Scale
Nascent
Where the company sits on each dimension today — nascent on the left, mature on the right.
The latest chapter ● Newest
Chapter 05 · October 2026

Compounding, fast.

Two months on from Chapter 04 - the product is reinforcing itself, and the output is compounding.

Sixty days on: £11.2m lifetime verified GMV (~5× Chapter 04), 408 paying PLUS subscribers, Dr Will's signed as the second brand partner (live 28 Oct), Health & Beauty and Fashion verticals both live, and a £256k record day. Customer service back under target via an AI agent. First close completed; a further allocation of up to £500k now open to existing shareholders at the same £12.5m valuation.

Read the latest chapter
£11.2m
lifetime verified GMV · ~£1.4m/wk run-rate · ~£75m/yr pace
£256k
verified consumer spend in a single record day · ~3× Chapter 04 peak
408
paying PLUS subscribers · 487 total · from 150 at Chapter 04
17.9K
retailers observed · 498.4K products in the network

Previous chapters

04 · older published chapters
Chapter 04 28 August 2026 · Interim update

Faster than planned.

Twenty days after Chapter 03, the engine didn't stop - £2.1m of verified GMV in 30 days, a £99.5k record day, PLUS at 150+, and Nestlé signed as the first supplier agreement. The £300k bridge opened.

£2.24m verified GMV £99.5k record day 150+ PLUS subscribers Nestlé supplier agreement signed
Read chapter → ~8 min read
Chapter 03 Early August 2026 · Interim update

Scaling Begins.

The first evidence of a repeatable consumer growth engine — the sails filling. A single organic Reddit post lit the referral loop and pulled Vela from steady growth into hundreds of new members a day.

£211k verified GMV / 8 days £41k peak day 2,600+ new members PLUS 0 → 36 subscribers
Read chapter → ~8–12 min read
Chapter 02 July 2026 · H1 shareholder update

The commercial inflection point.

Commercial validation, enterprise partnerships and the foundations of the next stage of growth.

Pulse shipped Nestlé Q4 agreed 4 Mastercard-introduced issuer pilots H&B category opened
Read chapter → ~10–20 min read
Chapter 01 2025 · Reewild shareholder update

Testing, then leverage.

The year we proved the mechanic works — and built the platform to scale it in 2026.

UCL × Compass × Mastercard pilot Strategic pivot into health Mastercard European prepaid thesis Bank-grade platform, Visa tension
Read chapter → ~6–8 min read

Company milestones

the foundations behind the chapters
01 · Research & Development
Finding the model · 2022—23
02 · Test & Learn
Proving the model · 2024—25
03 · Commercialisation
Scaling what works · 2026
Jan 2026

Rebrand · Reewild becomes Vela

Full company reset — new name, identity, tone of voice and consumer app in market. Read the deep-dive on the rebrand rationale.

Q4 2025

Mastercard partnership deepens

Onboarded as a Mastercard supplier and admitted to Start Path. First issuer conversations open across the UK and Europe.

H1 2025

First behavioural pilot proves the model

UCL × Compass Group × Mastercard pilot delivers first hard evidence that rewarding better choices measurably shifts consumer behaviour.

Jan 2025

Davos · Goals House · Mastercard TechLodge

At WEF 2025 with Goals House and on the Mastercard TechLodge roundtable — Powering the circular economy in the intelligent age. Featured in the Goals House Davos 2025 impact report.

Nov 2024

Mastercard Start Path · admitted to the programme

Admitted to Mastercard's global Start Path fintech programme in New York — the moment the Mastercard relationship became formal, and the issuer pipeline began to open.

Oct 2024

Hyderabad engineering team established

A wedding trip turned into an engineering office. Co-founder Rithin returned to India, hired and trained a team on the ground — cutting cost, roughly doubling ship velocity, and shifting the company from a UK-only cell to a distributed operating model.

Apr 2023

BBC Good Food · carbon-calorie recipe collection

Featured by Immediate Media (BBC Good Food) — bringing the reward-better-choices thesis to a mainstream UK food-and-drink audience and seeding the Immediate Media relationship that Vela now runs against.

Nov 2022

Houses of Parliament · industry panel

Panel inside the Houses of Parliament during the COP27 policy window — an early public-affairs moment for Reewild, into the room where the climate-policy conversation was happening.

Oct 2022

Microsoft AI for Environmental Sustainability Accelerator

Selected for Microsoft's AI for Environmental Sustainability Accelerator — validation from Microsoft at a moment when the model was still forming, and the opportunity to build alongside world-class AI experts.

Chapter Zero

Where it started · Reewild founded & the app goes live

Vela began as Reewild — a consumer app that rewarded better food and drink choices, built on the belief that if the systems around us recognised the healthier choices we already make, we'd make more of them. The app launched in mid 2023, modelled on Strava, MyFitnessPal and Fitbit. What we learned in the months that followed became the foundational thinking behind everything since.

Onwards.

The next full chapter will follow Nestlé's Q1 enterprise activation.

Read the latest chapter