Paypercut, a European fintech that allows small and mid-sized merchants to offer “Buy Now, Pay Later” (BNPL) services through a single integration. The company has raised €2 million in pre-seed funding, one of the largest rounds for a payments-focused firm in the region, led by Concentric with participation from various investors.
Paypercut’s BNPL Aggregator connects multiple underwriters, enabling merchants to integrate once and either let customers choose their preferred provider at checkout or use an algorithm to select the fastest or lowest-cost option. Funds settle in CEE currencies directly into the merchant’s bank account, and onboarding is fully digital, streamlining a process that usually takes weeks.
The founding team includes Stoil Vasilev (CEO), Emil Savov (CRO), and Gareth Walsh (COO), who will use the funding to expand BNPL partnerships, localize onboarding processes, and develop a revenue-sharing agency channel. Paypercut currently serves merchants in Bulgaria, Romania, and Greece, with plans to expand into the Czech Republic, Poland, and Turkey.
KEY QUOTES:
“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.”
Stoil Vasilev, CEO, Paypercut
“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.”
Alex Stroud, Principal, Concentric
“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.”
Ethan Imboden, Partner, Tuesday Capital
