Value that knows
where it belongs.

Issue any form of value — money, equity, carbon credits — with conditions that enforce themselves. The voucher carries the rules. You see the proof.

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The problem

Governments and organisations commit trillions to programs every year. Most can't prove the value arrived.

Raising the capital is the easy part. Getting it to the right person, in the right form, with proof — that's where every program struggles. Vouch is built for that problem.

Without Vouch

The old way

  • A farmer receives seeds the government chose — not the ones that grow in her soil
  • Value passes through multiple organisations before reaching the person it was meant for
  • Benefits expire unused because the approved clinic is an hour away
  • A government spends millions on a program and can't prove it worked
  • Communities wait years for infrastructure that never comes
  • Value gets resold, diverted, or redirected before it reaches anyone

With Vouch

What changes

  • The farmer chooses her own seed dealer. The voucher can only be spent on seeds.
  • Aid moves directly from program to person. Nobody can redirect it.
  • Benefits work anywhere. The person picks the provider that works for them.
  • Every transaction is tracked in real time. Outcomes are measurable, not guesswork.
  • Communities, NGOs, and governments can all run programs on the same infrastructure.
  • Value is tied to the person it was meant for. It can't be sold or stolen.
What a program looks like

Every program is different.
The infrastructure is the same.

Five programs. One infrastructure. Each one different in purpose — identical in mechanics.

Government · West Africa

A farmer receives a subsidy she can actually use.

The problemGovernment-procured seed packages arrive late, carry the wrong inputs for local soil conditions, and pass through three procurement layers before reaching anyone. Farmers have no say. Corruption is endemic to the procurement chain.

With VouchEach farmer receives a purpose-bound voucher redeemable at any certified dealer in her district. She chooses her supplier. Dealers compete on price and quality. The government sees every redemption — which dealer, which inputs, which farm — in real time.

IssuerMinistry of Agriculture
BeneficiarySmallholder farmers, registered by national ID
Value typeFiat-denominated subsidy credit
Voucher formScratch card + printed QR — no smartphone required
ConstraintsAgricultural inputs only · District boundary · Single season
RedemptionAny certified dealer · Onboarded in under a week
ReportingReal-time · Exportable for parliamentary audit
Design this program with us →
Humanitarian · East Africa

Aid arrives as value the recipient controls.

The problemEmergency food packages are procured centrally, arrive in the wrong quantities, expire before use, and carry significant logistical overhead. Beneficiaries cannot express preferences. NGOs cannot prove delivery at an individual level.

With VouchFamilies receive vouchers redeemable at any participating local market. The NGO sees who redeemed what, where, and when. Donors get individual-level proof, not aggregate estimates.

IssuerInternational NGO or bilateral donor
BeneficiaryRegistered households · Works without smartphones
Value typeStablecoin or fiat, settled at redemption
Voucher formSMS code · Printed slip · Mobile wallet
ConstraintsFood & essentials · Any registered market · Time-limited
RedemptionLocal shops and markets · Offline-capable
ReportingIndividual-level · Donor-ready · Auditable
Design this program with us →
Corporate · Global

Benefits that go where they were intended.

The problemHealthcare budgets, meal allowances, and learning stipends are allocated but rarely fully used — requiring receipts, approved-vendor networks, and administrative overhead that discourages employees and obscures what the benefit actually achieved.

With VouchEach benefit is issued as a purpose-bound voucher — redeemable at any qualifying provider, with no receipts to submit. The company configures what it's for. The employee chooses the provider. Finance sees utilisation in real time.

IssuerEmployer / HR team
BeneficiaryEmployees · Linked to payroll ID
Value typeFiat benefit credit · Category-restricted
Voucher formVirtual card · Mobile wallet · App-based
ConstraintsPer category · Per period · Qualifying providers only
RedemptionAny qualifying clinic, restaurant, or training provider
ReportingUtilisation dashboard · Finance-ready export
Design this program with us →
Startup & Institutional · Global

Equity that vests when the conditions are met.

The problemEquity grants and token allocations are governed by off-chain agreements — vesting schedules tracked in spreadsheets, cliff dates enforced manually, transfers dependent on legal intermediaries. The conditions are real but the enforcement is administrative.

With VouchGrants are issued as programmable vouchers with conditions encoded at issuance — cliff, vesting schedule, transfer restrictions, performance triggers. Value is held in escrow and released automatically when conditions are met. No manual tracking. No administrative enforcement.

IssuerCompany, DAO, or fund
BeneficiaryEmployee, contributor, or investor
Value typeEquity · Token · Tokenised security
Voucher formOn-chain credential · Wallet-held
ConstraintsVesting cliff · Time-based release · Performance triggers
RedemptionAutomatic release on condition · Transfer-restricted until vested
ReportingFull audit trail · Cap table ready
Design this program with us →
Climate Finance · Global

Climate funding released only when the outcome is verified.

The problemCarbon credits are purchased against projected outcomes — tree planting, soil sequestration, avoided deforestation — that may never materialise. Payment precedes proof. The incentive structure rewards promises, not results.

With VouchFunding is issued as a conditional voucher held in escrow. An oracle — satellite data, IoT sensors, third-party verification — confirms the outcome. Only then is value released. The incentive and the proof are the same instrument.

IssuerClimate fund, carbon registry, or bilateral donor
BeneficiaryCommunity, landowner, or project operator
Value typeCarbon credit · Grant · Tokenised outcome payment
Voucher formEscrowed on-chain · Released on oracle trigger
ConstraintsOutcome-gated · Verified by third party or sensor data
RedemptionAutomatic on verified outcome · Partial release possible
ReportingImmutable outcome record · Registry-compatible
Design this program with us →
Who it helps

Built for anyone who issues value and needs to prove it landed.

The program type doesn't matter. The need is always the same: value that goes where it was meant to, and proof that it did.

Governments & Public Programs

Turn disbursements into outcomes. Every unit of value tracked to its final use — provable, auditable, real.

Agricultural subsidies · Food programs · Housing benefits · Cash transfers

Humanitarian & NGO Organisations

Fewer handoffs. Lower leakage. Individual-level proof for every donor. Works offline, without smartphones or bank accounts.

Emergency relief · Refugee support · Nutrition programs · Community funds

Companies & Employers

Benefits your people actually use. Healthcare. Meals. Childcare. Learning. Design the program once, know exactly what was spent and on what, without managing receipts.

Health benefits · Meal allowances · Childcare · Learning & development

Individuals & Families

Your benefit, your choice. Know what you have, where you can spend it, and that it's really yours — tied to you, not a card that can be lost or a number that can be stolen.

Food assistance · Education grants · Medical coverage · Housing support

Developers & Builders

The infrastructure layer for programmable value. Build payment platforms, benefits systems, or aid distribution tools on top of a single flexible API. Sandbox in 24 hours.

Payment platforms · Benefits software · Aid systems · Fintech products
How it works

You decide what it's for. The voucher enforces it. You see everything.

Set the rules once. The system upholds them for every transaction, in every location — no manual checking, no intermediary required.

01

You define what the value is for

Not just "healthcare" — "any licensed clinic within the district." Not just "food" — "fresh produce and staples, not alcohol or tobacco." You set boundaries as broad or as specific as your program needs. Categories, geographies, time windows, providers, quantities — all configurable without writing a line of code.

What it can buyWho can hold itWhere it worksWhen it expiresWho can sell it
02

The voucher carries those rules with it

The rules travel with the value. A seed voucher can't be spent at a liquor store. A carbon credit can't be claimed without a verified outcome. An equity grant won't transfer before it vests. No intermediary enforces this — the voucher does.

Automatic enforcementNo intermediaryCan't be redirectedWorks offline
03

You see exactly what happened

Who redeemed what, where, and when — in real time. Not estimates. Not quarterly reports. A complete, auditable record from the moment value is issued to the moment it's spent.

Real-time trackingOutcome dataAuditableMeasurable impact
How value moves

Intent in. Outcome out. Every step on record.

A voucher carries its purpose. It can't be redirected. It can't be spent on the wrong thing. And it leaves a complete record.

01 — ISSUE 02 — HOLD 03 — REDEEM 04 — SETTLE Programme Issuer Gov · NGO · Corporate Purpose set Rules locked voucher Beneficiary Holds & presents No bank req. Works offline QR · NFC · SMS Verified Merchant Rules auto-checked Any provider Instant check ✓ approved Outcome & Settlement Real-time · Auditable Merchant paid Impact recorded ANY ISSUER Governments NGOs & Philanthropies Companies & CSR programs Communities ANY CONDITIONS Purpose restriction Geography & time windows Verified merchant only Outcome-triggered release ANY MODE Mobile money Card networks Paper & SMS Stablecoins & CBDC
Works anywhere

The person doesn't need a smartphone, a bank account, or even internet access.

Designed for the hardest conditions first — no connectivity, no card readers, no bank accounts. If it works there, it works everywhere.

📱

Digital

  • Mobile wallet app
  • Dynamic QR code
  • NFC tap-to-pay
  • SMS or USSD code
📄

Paper-based

  • Printed slip with code
  • Scratch card with PIN
  • Static printed QR code
  • Tear-off voucher booklet
💳

Card-linked

  • Prepaid card (Visa / Mastercard)
  • Virtual card number
  • Apple or Google Pay
  • Linked to existing debit card

Offline-first by design

The beneficiary can be completely offline. A paper slip or QR carries enough for the merchant to validate. Built for the places where need is greatest and infrastructure is thinnest.

What changes

The same problem shows up everywhere. Vouch solves it once.

Agricultural inputs. Emergency relief. Employee benefits. Equity grants. Carbon credits. Different programs, identical mechanics.

Government

Farmers choose their own inputs

Instead of receiving a government-procured package, a farmer gets a voucher she can spend at any certified agricultural supplier in her district. Ten local dealers compete on price and quality. She gets what actually grows in her soil.

Humanitarian

Emergency relief that respects dignity

Families receive vouchers redeemable at any participating shop — flexible enough to meet each household's real needs, with the right constraints built in where programs require them.

Corporate

Benefits and equity that land as intended

Healthcare budgets, meal allowances, equity grants, learning stipends — any form of value issued to employees with conditions. The voucher enforces the purpose, the person chooses the provider, and you see exactly what was used.

Community

Community-run programs at any scale

NGOs, cooperatives, local governments, and community groups can design and run their own voucher programs. Water access, sanitation, library vouchers — any program, any size, without needing expensive custom infrastructure.

Education

Funding follows the student, not the school

Families select any accredited school. The voucher funds enrollment — it can't be used elsewhere, can't be transferred, and is released only when the student enrolls. No value lost to administrative overhead.

Climate

Any value, released only when the outcome is real

Carbon credits, cash grants, commodity rights — value issued to communities contingent on verified outcomes. Released only when the condition is met. The incentive and the proof are the same instrument.

Get in touch

Ready to run
a program?
Let's talk.

Whether you have a program ready to go or a blank sheet of paper — write to us. We respond within 24 hours.

Issuer

You're a government, NGO, or company wanting to run a program — subsidies, aid, benefits, grants.

Builder

You're a developer or fintech wanting to build on Vouch's API — wallets, POS, benefit platforms.

Partner

You want to integrate, distribute, or co-design programs in your market or with your network.

siddharth@finternetlab.io
For Governments & Public Programs

Policy is a promise.
Vouch keeps it.

Every layer between policy and person adds cost, delay, and leakage. Vouch removes the layers.

The gap you're trying to close

Disbursement is not the same as delivery.

A government can report that it disbursed its entire subsidy budget on schedule. That number means nothing if the value was redirected, arrived in the wrong form, or reached the wrong people. Vouch makes disbursement and delivery the same thing.

Data sovereignty & compliance

Beneficiary data is stored in-country by default and never shared with third parties. Transaction records are fully auditable and can be exported for procurement or parliamentary reporting. Vouch is designed to meet the data residency requirements of national government programs — we configure this per deployment.

Every naira tracked to its final use

From the moment a voucher is issued to the moment it's redeemed, every transaction is recorded. Not in a report produced three months later — in real time, on a dashboard you can see right now.

Farmers choose their own suppliers

Instead of centralised procurement — which creates cartels, reduces quality, and removes farmer agency — vouchers let each farmer choose any certified supplier in their area. Local markets compete for their business.

No new infrastructure required

Vouchers work on paper, SMS, printed QR codes, or mobile wallets. A farmer in a village with no smartphone can still receive and redeem a voucher. You don't need to build a digital infrastructure to use one.

Outcomes, not just outputs

Set conditions for release. Vouchers can be issued contingent on verified outcomes — enrollment, harvests, certifications — so the incentive and the proof of result are built into the program from the start.

Where it's been used

Agricultural subsidies, food programs, cash transfers, and beyond.

Seed & fertiliser vouchers

Farmers choose their supplier. The voucher enforces the category. The government sees every redemption.

Food and nutrition programs

Families receive vouchers for fresh produce and staples. Restrictions keep value within its intended purpose.

Emergency value transfers

Cash, commodities, or services — unrestricted or purpose-bound, distributed via SMS to anyone with a phone number. No bank account required.

Work with Vouch

Let's design your program together.

Tell us what you're trying to achieve. We'll show you how Vouch gets you there.

Get in touch
For Humanitarian & NGO Organisations

Aid that reaches
people directly.

Every layer between your commitment and the person who should receive it costs time, value, and dignity. Vouch removes those layers — so what you raise reaches who you meant to reach.

What changes

Direct. Dignified. Verifiable.

Cash-based assistance is more effective than in-kind aid in almost every study. But it requires the right infrastructure — something that can reach a refugee camp, a flood zone, or a rural community without a single bank account or smartphone in sight.

Works without internet or smartphones

SMS codes, printed QR codes, and scratch cards all work. A voucher can reach anyone with a phone number or the ability to hold a piece of paper.

Beneficiaries choose what they need

Flexible or restricted — programs can be designed to give full choice or to focus spending on specific categories, depending on what the program intends. Either way, the person holds the benefit.

Full audit trail for donors

Every voucher issued, every redemption, every remaining balance — visible in real time. Show donors exactly where their money went, down to the individual transaction.

Local markets, not imported goods

Vouchers redeemable at local shops keep money in local economies. Aid that builds rather than displaces the communities it serves.

Work with Vouch

Tell us about your program.

Emergency relief, nutrition, cash transfers — whatever you're running, we'll show you how Vouch fits.

Get in touch
For Companies & Employers

Benefits your people
actually use.

Good benefits programs take time to design and are hard to measure. Vouch makes it straightforward to define what benefits are for, distribute them to employees, and see clearly what was used and what impact it had.

What you get

Design the benefit once. Know exactly what was spent and on what.

Healthcare

Any licensed clinic, pharmacy, or therapist. Employees choose the provider that works for them. No network restrictions.

Meals & nutrition

Daily or monthly meal allowances, spendable at any food vendor. Or restrict to specific categories — fresh produce, not fast food.

Learning & development

Skills budgets redeemable at any accredited training provider. Employees choose what they learn. You verify the credential.

Childcare & family

Childcare vouchers usable at any certified provider. The benefit works wherever your employees live.

Wellness

Gym memberships, therapy, mental health apps — a single annual budget that works across any certified wellness provider.

Any benefit you design

Define the category, the value, and the time window. Vouch handles issuance, redemption, and reporting.

Ready to simplify your benefits?

Tell us what you're running. We'll show you how Vouch replaces the admin with outcomes.

Get in touch
For Individuals & Families

Your benefit.
Your choice.

Your benefit. Your choice of provider. Yours to spend — no bank account, no permission required.

How it feels different

Not a handout. A tool you control.

You see your balance

Know exactly what you have and what you can spend it on. No surprises at the checkout. No calling a helpline to ask if your voucher still works.

You choose your provider

Not a list of approved vendors decided by someone else. Any certified shop, clinic, or school in your area. You choose what works for your family.

It's tied to you

A Vouch voucher is bound to your identity. It can't be sold, transferred, or stolen. If something goes wrong, it can be reissued — because the record exists.

Works without a bank account

No bank account needed. No smartphone required. A paper slip, a scratch card, or an SMS code is enough to receive and use your benefit.

Ask about Vouch in your program.

If you're receiving benefits through a program and want to know if Vouch can help, get in touch.

Get in touch
For Developers & Builders

The infrastructure
layer for programmable value.

A complete API for programmable value. Issue conditions. Enforce them. Settle the outcome. Build anything that moves value with rules.

What you can build

One primitive. Every program that issues value with conditions.

💳

Payment platforms

Add purpose-bound transactions to existing payment infrastructure.

🏦

Banking & fintech

Offer programmable vouchers as a product to institutional clients.

📱

Wallet apps

Integrate voucher holding, presentation, and redemption into your mobile wallet.

🏪

POS systems

Accept voucher redemption at point of sale with real-time constraint validation.

📊

Benefits platforms

Power your benefits platform with programmable vouchers instead of closed gift cards.

🌍

Aid platforms

Build humanitarian cash transfer systems with full auditability and offline support.

API surface

Everything you need. Nothing you don't.

POST /schemes

Create a voucher scheme — define purpose, value type, terms, and distribution rules.

POST /schemes/{id}/issue

Issue vouchers to holders. Batch or individual. Returns voucher IDs and presentation tokens.

POST /vouchers/{id}/redeem

Execute redemption — debit value, log constraint evaluation, trigger settlement.

GET /schemes/{id}/analytics

Scheme-level reporting: redemption rates, geographic distribution, outcomes.

Get access

Sandbox credentials in 24 hours.

Tell us what you're building and we'll provision sandbox access. Include your stack and expected use case if you can — it helps us get you set up faster.

About Vouch

Built by people who
know how value moves.

Built by the architects of Aadhaar and India Stack. The same infrastructure thinking, applied to value.

Our mission

Every program that commits value should be able to prove it arrived.

Trillions move through subsidy programs, aid systems, equity grants, and benefits every year. Most of it can't be traced to a single person or a single outcome. Vouch changes that.

The founders

Founded by architects of the systems that reach billions.

PV

Dr Pramod Varma

Co-Founder

Chief Architect of Aadhaar — India's biometric identity system for 1.4 billion people — and the principal designer of India Stack, the open digital infrastructure layer underpinning the world's largest digital payments ecosystem. Dr Varma has spent two decades building the foundational rails of digital public infrastructure in India and internationally. He brings that same systems thinking to Vouch: not a product, but a primitive — infrastructure that others build on.

Aadhaar India Stack Digital public infrastructure
SS

Siddharth Shetty

Co-Founder

Siddharth leads product and commercial strategy at Vouch, focusing on translating the infrastructure into programs that work at ground level — from agricultural subsidies in West Africa to humanitarian cash transfers and corporate benefits systems. His work bridges tokenised assets, real-world payment rails, and the organisations that run the world's value distribution programs — from agricultural subsidies to equity issuance to climate finance.

Product strategy Tokenised assets Benefit programs
SN

Sujith Nair

Co-Founder

Sujith leads technology and infrastructure at Vouch, designing the systems that make programmable vouchers work reliably across widely varying environments — from mobile wallets and card networks to offline paper-based distribution in contexts with no internet connectivity. His background spans financial infrastructure, cryptographic systems, and large-scale distributed platforms.

Engineering Financial infrastructure Distributed systems
Why it matters that we built this

The Aadhaar precedent

Aadhaar gave 1.4 billion people a verifiable identity. Before it, subsidy programs in India leaked an estimated 40% before reaching a beneficiary. After it, direct transfers reached people who had never been in the system. Vouch applies the same logic to value itself: programmable, verifiable, direct.

Infrastructure thinking, not product thinking

India Stack was not a product — it was infrastructure. Thousands of applications were built on top of it. Vouch is designed the same way: not a closed platform, but a primitive. The layer that governments, NGOs, banks, and fintechs build their programs on.

Work with us

If you're designing a program, we want to hear from you.

Whether you have a live program or a blank sheet of paper — get in touch. We'll show you what's possible.

Get in touch