Paypercut, a European fintech company providing payment infrastructure for online merchants across Central and Eastern Europe (CEE), has raised €5 million in seed funding. The round was co-led by Concentric, Passion Capital and Araya Ventures, with participation from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set and payments entrepreneur Matt Doka. The financing brings the company’s total funding to €7 million.
Founded to simplify payments across a fragmented regional landscape, Paypercut enables merchants to access a full payments stack through a single integration. The platform allows businesses to accept card payments and local payment methods, offer Buy Now Pay Later options, send payment links and QR codes, and manage billing, payouts and settlements across multiple currencies through a single dashboard.
The platform is designed around the requirements of commerce in Central and Eastern Europe, including local payment preferences, multi-currency settlement and digital onboarding. For merchants expanding across the region, it aims to simplify market entry and cross-border operations.
Since raising its pre-seed round in 2025, the company has expanded from a Buy Now Pay Later aggregation service into a broader payments platform, serving more than 200 merchants across eight CEE markets.
Commenting on the funding, Stoil Vasilev, co-founder and CEO of Paypercut, said:
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 across the way it should have always worked, instantly and at a fraction of the cost.
As part of its product expansion, Paypercut is launching Express Checkout, a new feature that enables one-tap payments through Apple Pay and Google Pay directly from the product page. The company says the feature is designed to reduce friction in mobile checkout experiences and improve payment completion rates.
The new capital will support Paypercut’s expansion across CEE, strengthen its presence in existing markets, accelerate product and infrastructure development, and support the company’s application for an Electronic Money Institution (EMI) licence in Ireland.
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