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Paypercut, a European fintech payments platform enabling online merchants to accept payments across Central and Eastern Europe through a single integration, today announced a €5M seed round co-led by Concentric, Passion Capital, and Araya Ventures. The round also saw participation from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, and payments entrepreneur Matt Doka, bringing total funding to €7M.
The new capital will be used to accelerate expansion across CEE, deepen Paypercut's presence in existing markets, advance the next phase of product and infrastructure development, and meet the capital requirements for its EMI licence application with the Central Bank of Ireland - with authorisation expected in Q4 2026.
Where Paypercut is today
Since raising its €2M pre-seed round in 2025, Paypercut has evolved from a BNPL aggregator into a full payments platform serving more than 200 merchants across eight CEE markets. Merchants can accept card payments and local payment methods, offer multiple Buy Now Pay Later options at checkout, send payment links and QR codes without a website, and manage billing, payouts, and settlements across currencies from a single dashboard.
The platform is built around the specific realities of CEE commerce: local payment methods, multi-currency settlement, and onboarding that compresses what is typically weeks of paperwork into a matter of days, fully online.
"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 region the way it should have always worked - instantly and at a fraction of the cost," said Stoil Vasilev, Co-Founder and CEO.
What's coming next
This quarter, Paypercut is launching Express Checkout - moving the payment moment to the product page, before the customer ever reaches a basket. One-tap payments via Apple Pay and Google Pay with biometric authentication eliminate the most significant source of mobile checkout abandonment: typing card details on a small screen. Card data never touches the merchant's servers, chargeback rates drop, and customers complete payment in two taps.
Beyond checkout, Paypercut is developing stablecoin rails targeting CEE's highest-volume cross-border corridors, starting with EUR-to-PLN and EUR-to-RON. Businesses across CEE's non-euro markets pay an estimated €4B+ annually in cross-border transaction fees and FX costs alone. The same platform that today helps merchants accept payments will enable them to move money across borders instantly - without switching providers, without new integrations, and without the friction that has defined cross-border payments in CEE for too long.
What investors are saying
"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," said Will Orde, Partner at Passion Capital.
"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," said Rupa Popat, Founder and Managing Partner at Araya Ventures.
