Paypercut, a European FinTech payments platform that enables online merchants to accept payments across Central and Eastern Europe (CEE) via a single integration, has closed a €5m seed round.
The round was co-led by Concentric, Passion Capital, and Araya Ventures. Additional participation came from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, and payments entrepreneur Matt Doka.
The proceeds will support Paypercut’s expansion into further CEE markets, deepen its footprint in markets already served, fund the next stage of product and infrastructure development, and cover the capital requirements associated with its Irish Electronic Money Institution (EMI) licence application.
The company submitted its EMI application to the Central Bank of Ireland and expects authorisation in Q4 2026 — a development that would allow it to hold customer balances directly and broaden its product capabilities. In the interim, Paypercut operates through licensed and regulated partners across the European Economic Area to maintain compliance in every market it serves.
The seed raise follows a €2m pre-seed in July 2025, since which the company has evolved from a buy now, pay later (BNPL) aggregator into a full payments platform, counting more than 200 active merchants across eight markets. Among the forthcoming product developments is Express Checkout, due to launch this quarter.
It shifts the payment moment to the product page itself, before a customer reaches the basket, enabling one-tap transactions via Apple Pay and Google Pay with biometric authentication. The feature is designed to reduce mobile checkout abandonment — particularly the friction caused by manually entering card details — while ensuring card data never passes through merchant servers, thereby lowering chargeback exposure.
Beyond merchant payments, Paypercut is developing stablecoin-based payment rails targeting CEE’s most active and underserved cross-border corridors, beginning with EUR-to-PLN and EUR-to-RON routes. The company’s analysis estimates that businesses across CEE’s non-euro markets collectively pay more than €4bn annually in cross-border transaction fees and FX costs, with cross-currency SWIFT transfers between two CEE markets averaging three to five business days when intermediary currency conversion is required.
Paypercut gives online merchants a unified payments stack through a single integration — removing the need for separate contracts per market, multiple local providers, or extensive localisation work. Merchants can accept card payments alongside local payment methods, offer various BNPL options at checkout, issue payment links and QR codes without requiring a website, and manage billing, payouts, and multi-currency settlements through one dashboard. Onboarding, typically a multi-week process, has been compressed to a fully online experience taking a matter of days.
Paypercut co-founder and CEO Stoil Vasilev 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.”
Paypercut head of expansion Martin Palazov said, “Our merchants don’t care which rails their money travels on — they care that it arrives instantly, cheaply, and securely. Stablecoins are the first technology that lets us deliver all three across CEE’s non-euro corridors, and that’s why we’re building on them.”
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