The guardrails programs demand.
The freedom families love.

For programs: Scale without sacrificing compliance with real-time visibility into your program.

For families: Get the best deals from providers you trust with no out-of-pocket expenses.

For individuals: Sell through your own website. No listing items, integrations, or hidden fees.

TheoPay™ empowers all three.

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Education funding programs have been stuck with 3 sub-par options.

Physical debit cards

Flexibility — but plagued by fraud and compliance issues.

Closed marketplaces

Control — but plagued with limited options, high prices, vendor friction.

Reimbursements

Access — but plagued with 30–90+ day processing times and out-of-pocket risk for TBD eligibility.

TheoPay™ has changed the game.

Real-time control. Real freedom.

TheoPay™ is a virtual smart debit card that works on any online checkout page — but only for eligible programmatic purchases. Our proprietary ML model evaluates every item in real time against your program's rules — approving or declining at the point of sale.

When you say yes to TheoPay™ you say:

✓ No reimbursements

✓ No hidden fees

✓ No price gouging

✓ No inventory issues

✓ No vendor onboarding

✓ No rent seeking

✓ No misspending

✓ No closed marketplaces

We believe closed marketplaces are antithetical to education freedom.

Compliance is built into the transaction.

✓

Eligibility determined before purchase

✓

Every transaction logged for audit

✓

Configurable controls by category, vendor, price

✓

Automated flags for unusual activity

✓

Real-time and batch reporting

✓

SOC 2 Type 2 certified

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TheoPay™ configures to any program and rule set.

TX HB2 § 29.451(a) "qualified expenses" means tuition, fees, tutoring services

PROVIDED BY accredited institution OR licensed provider per § 29.453(b)

NOT TO EXCEED $10,500/student/year AND single_txn <= program.max_per_expense

EXCLUDES: athletic fees, transportation, food services per § 29.451(c)

Enacted Legislation

Program Regulations

Program Handbook

Real-time intelligence and determinations

Vendor

Item

Amount

Status

How TheoPay™ works.

Model configured to your ruleset

Define eligible categories, vendors, spending limits. Update anytime.

Families shop anywhere online

Browse any approved vendor — Amazon, Walmart, Target, curriculum providers, and more.

Eligibility checked before purchase

At checkout, every item is checked against rules in real time. Approved or sent to review.

Virtual debit card issued

A one-time-use card is issued for that specific purchase. Family pays at checkout normally.

Auto-settle and reconcile

Transaction matched to wallet. Vendor paid normally. State gets full audit trail.

Built for the education system

Compliance without complexity

Audit-ready records

Transaction metadata links each determination to beneficiary and statutory framework

Explainable decisions

Every approve/decline includes category, reasoning, and confidence scoring

Real-time compliance

Ineligible purchases blocked at checkout, no pay-and-chase

Scales with you

Empower millions of compliant transactions with complete audit records

Configurable rules engine

Rules engine easily adjust as programs evolve

Reduce admin burden

Streamlined human-in-the-loop reviews, fewer appeals, lower support load

SOC 2 Type 2 certified

Banking-grade architecture and compliance

Built for education funding programs but configurable to your needs.

Designed for legislative compliance, programmatic reporting, and operational flexibility.

We are focused on education, but we are already getting requests for other sectors and use cases. Have an idea? Reach out.

Defense

Travel

Corporate Spend

HSAs

Child Care Payments

College Spending

The guardrails programs demand.
The freedom families love.

Education funding programs have been stuck with 3 sub-par options.