Paypercut, a European FinTech company building a multi-provider Buy Now, Pay Later (BNPL) hub, has raised €2m in one of the region’s largest pre-seed rounds for a payments-focused business.
The pre-seed investment was led by Concentric, with backing from Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures, and a number of prominent angel investors.
Founded to address the fragmented BNPL landscape in Central and Eastern Europe (CEE), Paypercut’s platform enables small and mid-sized merchants to offer multiple BNPL options through a single integration. Merchants can either allow shoppers to choose their preferred provider at checkout or rely on Paypercut’s algorithm, which selects the fastest or most cost-effective provider when speed is equal. The service supports settlement in multiple CEE currencies and offers a fully digital onboarding process, significantly reducing the typical paperwork and time delays.
With the new funding, Paypercut aims to onboard more BNPL providers across the region, expand its language support for localised onboarding, and develop a partner agency channel that will benefit from shared revenue opportunities.
The company is already active in Bulgaria, Romania, and Greece, and is now targeting growth into the Czech Republic, Poland, and Turkey. Its streamlined service is designed to support merchants in markets that have long struggled with limited and inconsistent BNPL offerings.
Paypercut CEO Stoil Vasilev said, “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. SMBs here have been underserved for years – our product finally puts them first.”
Concentric principal Alex Stroud said, “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.”
Tuesday Capital partner Ethan Imboden added, “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.”
The founding team brings significant experience in the payments sector, with all three core executives previously holding leadership roles at SumUp. CEO Stoil Vasilev formerly served as VP of corporate development and finance at SumUp, Emil Savov, now CRO, led the company’s CEE partner channel, and COO Gareth Walsh previously worked as global head of risk and compliance at SumUp and was also chief compliance officer at Payhawk.
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