Bulgarian-founded Paypercut raises €2M pre-seed to launch a BNPL aggregator for emerging Europe, streamlining pay-later options for underserved SMBs through a single integration.
👯 Founders: Stoil Vasilev (CEO), Emil Savov (CRO), Gareth Walsh (COO), Emil Savov (CRO)
📅 Founding year: 2025
🏭 Industry: Fintech / Payments / BNPL (Buy Now, Pay Later)
💥 Problem: SMBs in Central and Eastern Europe struggle with fragmented BNPL access. A single decline can kill a sale, and onboarding is slow and repetitive with each provider.
📣 Solution: A BNPL aggregator that connects multiple providers through a single integration. Merchants can either let customers choose a BNPL option or allow Paypercut’s algorithm to route the transaction to the fastest or most cost-effective provider.
👥 Customers: Small and mid-sized merchants in emerging Europe; currently active in Bulgaria, Romania, and Greece.
🌱 Stage: Pre-seed
💰 Investment amount: €2 million
🚀 Funded by: Concentric (lead), Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures, and notable angel investors.
👁️🗨️ Investor’s perspective:
Alex Stroud, Concentric: “CEE’s small merchants still juggle pay-later options one provider at a time. Paypercut fixes that in one stroke – an aggregator built around local regulations and checkout habits, led by founders who’ve already scaled payments here.”
Ethan Imboden, Tuesday Capital: “We backed Paypercut for the calibre of the team and the clarity of the playbook. One integration, instant onboarding, multi-currency payouts – straightforward fixes to real merchant pain, with rails that can extend far beyond the region.”
💡 It will be spent on:
-
Expanding the BNPL provider network
-
Localising onboarding flows in more languages
-
Growing an agency sales channel with shared revenue incentives
💬 In their own words:
“Closing the sale is critical; a single BNPL decline can kill the basket. By combining providers with different risk appetites, we give shoppers choice and merchants a safety net.” – Stoil Vasilev, CEO
💪 Their specialty: Deep payments experience and CEE market knowledge; team includes leaders from SumUp and Payhawk.
🔑 Business model: Transaction-based revenue from merchant BNPL volume; shared revenue via agency partners.
👩🏫 Market: CEE’s underserved SMB segment, with plans to scale beyond the region.
📊 Traction: Live and processing transactions in Bulgaria, Romania, and Greece. Expansion planned to Czech Republic, Poland, and Turkey.
