Paypercut Raises EUR 5M Seed Round to Scale CEE Payments Platform
Paypercut, a European fintech payments platform, has raised a EUR 5 million seed round to expand its single-integration payments stack for online merchants across Central and Eastern Europe (CEE). The round was co-led by Concentric, Passion Capital and Araya Ventures, and brings the Bulgarian-founded company's total funding to EUR 7 million.
The raise follows a EUR 2 million pre-seed in July 2025. Since then, Paypercut has evolved from a buy-now-pay-later aggregator into a full payments platform, growing to more than 200 active merchants across eight CEE markets. Its platform lets online merchants accept card payments, local payment methods and multiple BNPL options through a single integration, removing the need for separate contracts and integrations in each market.
The new capital will fund expansion across CEE, deepen the company's presence in existing markets, advance the next phase of product and infrastructure development, and meet the capital requirements for its Irish Electronic Money Institution (EMI) licence. Paypercut currently operates through licensed partners across the EEA and has submitted an EMI application to the Central Bank of Ireland, with authorisation expected in Q4 2026.
Targeting an underserved market
Paypercut was founded by a team drawn from senior roles at SumUp and Payhawk. Chief executive and co-founder Stoil Vasilev, formerly VP of Corporate Development at SumUp, argues that the region has long been overlooked by the payments industry.
"CEE has always been treated as an afterthought by the payments industry. This round gives us the resources to go further and faster."
The company points to the scale of the opportunity: by its analysis, CEE businesses pay more than EUR 4 billion a year in cross-border transaction fees and FX costs, while SWIFT transfers between non-euro markets in the region typically take three to five business days to settle.
Building stablecoin rails
To address those frictions, Paypercut is developing stablecoin rails aimed at high-volume CEE corridors, starting with EUR-to-PLN and EUR-to-RON. The aim is to move merchant funds across borders more cheaply and quickly than incumbent banking rails allow.
The company also recently launched Express Checkout, which shifts payment processing to the product page to reduce friction in mobile checkout.
Investor backing
Alongside co-leads Concentric, Passion Capital and Araya Ventures, the round drew participation from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set and payments entrepreneur Matt Doka.
Rupa Popat, Founder and Managing Partner at Araya Ventures, said the team's execution made the decision to co-lead straightforward: "When you see a team execute the way they have, building a working product across multiple markets in under a year, the decision to co-lead becomes easy."
About Paypercut
Paypercut is a European fintech payments platform enabling online merchants to accept payments across Central and Eastern Europe through a single integration. By consolidating card payments, local payment methods and BNPL providers, the company removes fragmented contracts and integrations across multiple markets. Founded by former senior leaders from SumUp and Payhawk, Paypercut is building toward becoming the default financial infrastructure layer for CEE businesses, with plans extending to treasury, FX, payouts and embedded financial services.
