Outcomes-Based Finance

Transforming public service delivery through innovative financing that aligns incentives, manages risk, and delivers measurable impact

Designing outcomes-based finance across Africa
From youth employment to blue economy • Pan-African experience • Global recognition

The Krutham Approach

We go beyond traditional payment mechanisms to create sophisticated incentive architectures that drive innovation, efficiency, and superior outcomes.

Beyond Waste Elimination

We design structures that reduce the unit cost of outcomes through optimal risk allocation and competitive dynamics. Our approach generates genuine efficiency gains by creating incentive architectures that drive innovation and continuous improvement in service delivery.

Project Finance Principles

We apply sophisticated project finance risk allocation frameworks to OBF design, placing risks with parties best able to influence, manage, or absorb them. This reduces overall program costs while maintaining performance incentives.

Incentive Architecture Design

Our structures create powerful incentives for innovation and continuous improvement. Implementation partners don’t just deliver contracted services—they’re motivated to find better, more cost-effective ways to achieve outcomes.

Competitive Market Building

We design procurement processes that attract diverse, capable suppliers while driving genuine price discovery. Our market development approach ensures robust competition without compromising delivery quality.

Pan-African Experience

With active programmes across multiple African countries and sectors—from employment to blue economy initiatives—we understand diverse economic contexts, regulatory environments, and development challenges across the continent.

Surplus as Value Driver

We recognize that allowing implementation partners to generate legitimate returns drives performance. Our designs balance value-for-money with sustainable incentives for continuous innovation and scale.

Proven Results

R300M

Flagship outcomes fund designed & managed

6,000+

Quality jobs created
across 192 employers

Multi-Sector

Employment, blue economy & emerging sectors

Pan-African

Active programmes
across the continent

Global

Engagement with leading
international outcomes networks

Comprehensive Capabilities

Program Design & Structuring

  • Outcomes definition and measurement frameworks
  • Risk allocation and incentive architecture design
  • Payment milestone structuring
  • Competitive procurement process design
  • Legal and contracting frameworks

Capital Mobilization & Blended Finance

  • Multi-source funding strategy development
  • Impact investor engagement and structuring
  • Philanthropic capital integration
  • Development finance institution partnerships
  • Private sector risk capital mobilisation

Market Development

  • Supplier capacity building workshops
  • Market readiness assessments
  • Stakeholder engagement and alignment
  • Policy and regulatory navigation
  • Knowledge sharing platform development

Implementation & Management

  • Fund management and administration
  • Performance monitoring and evaluation
  • Risk management and mitigation
  • Budget reallocation and optimisation
  • Continuous improvement facilitation

Ecosystem Development

  • Impact investment market building
  • Cross-sector partnership facilitation
  • Financial infrastructure development
  • Sustainable financing mechanism design
  • Long-term market sustainability planning

Sectoral Expertise & Innovation

  • Employment and skills development programmes
  • Blue economy and marine conservation initiatives
  • Cross-sector outcome measurement frameworks
  • Emerging sector opportunity assessment
  • Implementation task team leadership

Research & Advisory

  • OBF market analysis and feasibility studies
  • Policy impact assessment
  • International best practice research
  • Thought leadership and publications
  • Strategic advisory to governments and donors

Thought Leadership

“The value-for-money and effectiveness of outcomes-based finance extends beyond eliminating waste from failed programmes. A significant driver of value lies in the incentive effects on implementation partners and the resulting reduction in unit costs of outcomes.”

— Dr. Stuart Theobald, Executive Chairman
From “Beyond Eliminating Waste: The Role of Incentives in Outcomes-Based Finance”

Our research on social impact bonds, development finance, and outcomes-based contracting has shaped policy debates across Africa and globally. We continue to drive innovation and advance the field through rigorous analysis and practical implementation.

Ready to Transform Your Impact?

Whether you’re a government seeking better value-for-money, a donor looking to scale effective programs, or a service provider ready to take on outcome risks, we can help you design and implement outcomes-based finance solutions that work.