Sofia-based fintech Paypercut has secured a €5M seed round co-led by Concentric, Passion Capital, and Araya Ventures, bringing its total funding to €7M. Additional investors in the round included SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, and payments entrepreneur Matt Doka, bringing Paypercut's total funding to €7M.
The company, which helps online merchants accept payments across Central and Eastern Europe through a single integration, plans to use the fresh capital to expand across the region, develop new products, and support its application for an Electronic Money Institution (EMI) licence in Ireland.
"CEE has always been treated as an afterthought by the payments industry, seen as too fragmented, too many local specifics, too complicated. We built Paypercut to fix that. This round gives us the resources to go further and faster: more markets, more payment options for merchants, and the infrastructure to move money in the way it should have always worked, instantly and at a fraction of the cost," said Stoil Vasilev, Co-Founder and CEO, Paypercut.
A payments platform for CEE merchants
Founded to address the fragmentation of CEE's payments landscape, Paypercut has evolved from a BNPL aggregator into a broader payments platform. Since raising a €2M pre-seed round in July 2025, the startup says it has onboarded more than 200 merchants across eight CEE markets.
"We backed Paypercut at pre-seed because we believed in the team and the opportunity. A year later, the execution has matched the ambition. CEE is one of the most underserved payments markets in Europe, and Paypercut is building the infrastructure layer the region has been missing. We are proud to continue leading this journey," said Will Orde, Partner, Passion Capital.
Paypercut offers merchants access to card payments, local payment methods, Buy Now Pay Later options, payment links, QR code payments, multi-currency settlements, and billing tools through a single integration. The company aims to simplify expansion across the region by removing the need for separate payment providers and contracts in each market.
Beyond merchant payments
As part of its product roadmap, Paypercut is launching Express Checkout, a new feature that enables one-tap payments via Apple Pay and Google Pay directly from product pages. The company says the solution is designed to reduce mobile checkout abandonment and streamline the payment process for consumers.
Beyond merchant payments, Paypercut is also building stablecoin-based infrastructure for cross-border transfers in CEE. The startup is initially targeting high-volume corridors such as EUR-to-PLN and EUR-to-RON, aiming to reduce the costs and delays associated with traditional cross-border payments.
The company currently operates through regulated partners across the European Economic Area and expects authorisation for its own Irish EMI licence in Q4 2026.
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