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Next Billion Capital Partners

Venture capital

Growth · 13 people tracked

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Investment thesis

Next Billion Capital Partners invests to unlock growth for the 'next billion' across global emerging markets. Drawing on the team's global networks built over their careers, the firm aims to bring together like-minded investors and operators to accelerate the wave of digital champions emerging from these regions.

Source: firm website, verified Aug 16, 2026.

Stage
Growth
Instruments
Equity
Private fund assets
$25M
VC funds
1
Tracked investments
33

Team · 13 people

from the firm's website & public directories
Kentaro Toyoda· Managing Partner
Ruzgar Barisik· Managing Partner
Falgu Shah· Partner
Ciku Mugambi· Venture Partner
Khaled Talhouni· Venture Partner
Luiz Mazetto· Venture Partner
Tiang Lim Foo· Venture Partner
Christopher Schroeder· Senior Advisor
Eduard Melli· Vice President
Jamie Muller· Associate
Tracy Barba· Head of Investor Relations

What they invest in

from 16 of 33 portfolio companies

Fintech ×10E-commerce ×4HR Tech ×4B2B Marketplaces ×3Consumer ×3Digital Health ×2Enterprise Software ×2Healthtech ×2

HQs:Brazil×4Philippines×2Pakistan×2United Arab Emirates×1Egypt×1Indonesia×1

Investments · 33 tracked

founders shown can be your intro path
Abhiabhi.com.pkin𝕏

ABHI creates financial products designed for consumers in Pakistan.

FintechHR TechSaaSKarachi, PK

Omair Ansari(Founder)inAli Ladhubhai(Founder)

Advanceadvance.phin

Advance provides working capital credit lines and disbursement solutions to help businesses maintain cash flow, along with financial wellness products aimed at supporting employees' financial security.

Fintech

Alicealice.com.brin

Alice is a Brazilian corporate health plan (plano de saúde empresarial) for companies, combining a curated network of doctors and hospitals with an app-based care team and a data-driven, proactive care model.

Digital HealthHealthtechInsurTech

Isabela Chusid

Bazaartechbazaartech.comin𝕏

Bazaar Technologies operates an e-commerce and financial services platform in Pakistan that connects households and businesses to products ranging from groceries to office supplies and electronics.

B2B MarketplacesE-commerceFintech

BHub

Transforming Brazil's $20B accounting market with AI.

Budget hotel platform in Southeast Asia

Largest budget hotel platform in Southeast Asia.

Chronic disease management in Mexico

Offering digital solutions for chronic disease management in Mexico.

Clivi AIclivi.com.mxin

Clivi provides an online medical treatment service in Mexico, combining virtual evaluations, laboratory tests, physician consultations, home medication delivery, and app-based progress tracking.

Digital HealthHealthtechWellness & Fitness

Creditascreditas.comin

Creditas is a Brazilian financial platform offering secured loans (using vehicles or real estate as collateral), payroll loans, auto and home financing, insurance, and flexible employee benefits.

ConsumerFintechInsurTech

Digital insurance distribution in Southeast Asia

Increasing financial resilience in Southeast Asia by distributing insurance digitally.

Digital lender in Brazil

Leading digital lender in Brazil, with a loan portfolio of over USD 1 billion.

Digital payments network in Brazil

Leading digital payments network in Brazil, focused on top-ups.

Faciofacio.com.brin𝕏

Facio provides early wage access services to employees in Brazil, allowing workers to receive portions of their earned salary before the standard payment schedule.

FintechSão Paulo, BR

Márcio Dos Santos(Founder)inSaulo Tristao(Founder)inTiciano Vieira(Founder)inStefan Jeschonnek(Director)

BoardMarcelo Lima(Director)in

Fawryfawry.comin

Fawry provides digital banking and business payment services for enterprises and retail partners.

Enterprise SoftwareFintech

Financial wellness benefits in Indonesia

Empowering employees in Indonesia via financial wellness benefits.

Flexible employee benefits in Mexico

Offering flexible employee benefits, such as salary-on-demand, in Mexico.

Gajigesagajigesa.comin𝕏

GajiGesa provides Earned Wage Access (EWA) that lets employees draw earned salary before payday, along with payroll financing to cover employee wages.

FintechHR Tech

Hepsiburadahepsiburada.com
Kredivokredivocorp.comin

Kredivo Group operates digital financial services in Southeast Asia, including Kredivo, a buy-now-pay-later and personal loan product offering instant credit financing for ecommerce and point-of-sale purchases using real-time decisioning, and Krom, a digital banking app for saving and managing money.

ConsumerE-commerceFintech

Last-mile logistics provider in Brazil

Leading last-mile logistics provider in Brazil.

Loggiloggi.comin

The page shown is a blog article about how to make money on Pinterest in 2026, not a description of the company's own product or services.

Minuminu.mxin𝕏

minu offers a workplace benefits platform for companies in Mexico, letting HR teams activate over 50 employee benefits such as on-demand salary (earned wage access), savings, food vouchers, loans, telemedicine, and financial education.

FintechFuture of WorkHR TechPalos Verdes Estates, US

Adam Guggenheim(Executive Officer, Director)Christine Koppinger(Executive Officer, Director)

Moglixmoglix.comin𝕏

Moglix is a B2B e-commerce platform for procurement of industrial supplies, offering products such as electrical and appliances, office supplies, industrial tools, safety supplies, construction materials, automotive, and packaging for businesses.

Advanced ManufacturingB2B MarketplacesE-commerce

Rahul Garg(Founder)in

Procurement platform in India

Leading procurement platform for the manufacturing sector in India.

Qoalaqoala.com
Recargapayrecargapay.com.brin𝕏

RecargaPay is a Brazilian digital wallet app offering a free Mastercard, Pix payments, daily cashback, and interest-bearing balances for consumers.

ConsumerFintech

Reddoorzreddoorz.com
Salary-linked lending in Brazil

Providing access to credit for first-time borrowers in Brazil through salary-linked lending.

Souqsouq.com

Souq.com now redirects to Amazon.ae, an online retail marketplace serving customers in the United Arab Emirates with a wide range of product categories including electronics, fashion, groceries, beauty, and home goods.

E-commerceMarketplacesRetail Tech

Sproutsprout.ph

Sprout provides an AI-enhanced HR and payroll platform with embedded finance solutions, built for compliance requirements specific to the Philippines.

AI & Machine LearningHR TechSaaS

Trellatrella.appin𝕏

Trella operates a digital freight marketplace connecting shippers with vetted carriers for trucking and logistics across Egypt, Saudi Arabia, and the UAE.

B2B MarketplacesEnterprise SoftwareLogistics & Supply ChainMarketplacesCairo, EG

Omar Hagrass(Founder)inAli El Atrash(Founder)inPierre Saad(Founder)in

Trucking technology in MENA

Using technology to make trucking more efficient and transparent in MENA.

Value-based health insurance in Brazil

Value-based health insurance and care for companies and employees in Brazil.

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Next Billion Capital Partners invest at?
Next Billion Capital Partners invests at the Growth stage.
What sectors does Next Billion Capital Partners focus on?
Next Billion Capital Partners focuses on AI & Machine Learning, Digital Health, Fintech, Healthtech, InsurTech, Sector Agnostic.

Images

Next Billion Capital Partners photoNext Billion Capital Partners photo