Paypercut, a European fintech payments platform enabling online merchants to accept payments across Central and Eastern Europe through a single integration, has announced a €5 million 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 Paypercut’s total funding to €7 million. The capital will be used to accelerate expansion across CEE, deepen presence in existing markets, advance product and infrastructure development, and meet capital requirements for an Irish EMI license application with the Central Bank of Ireland, with authorization expected in the fourth quarter of 2026.
Founded by a team with deep experience scaling payments across the region — including former senior leaders from SumUp and Payhawk — Paypercut gives online merchants a full payments stack through a single integration, eliminating the need for separate contracts per market, fragmented providers, and localization overhead. Since its €2 million pre-seed round in July 2025, the company has grown from a BNPL aggregator to a full payments platform with more than 200 merchants active across eight CEE markets. The platform supports card payments and local payment methods, multiple Buy Now Pay Later options at checkout, payment links and QR codes, and multi-currency billing, payouts, and settlements from a single dashboard. This quarter, the company is launching Express Checkout, which moves the payment moment to the product page through one-tap Apple Pay and Google Pay with biometric authentication, eliminating the most significant source of mobile checkout abandonment.
Beyond merchant payments, Paypercut is developing stablecoin rails targeting CEE’s highest-volume cross-border corridors, including EUR-to-PLN and EUR-to-RON. The company said businesses across CEE’s non-euro markets pay an estimated more than €4 billion annually in cross-border transaction fees and foreign exchange costs, with cross-currency transfers between two CEE markets averaging three to five business days when intermediary currency conversion is required. Paypercut said stablecoins represent the first technology capable of delivering instant, low-cost, and secure transfers across those corridors without new integrations or provider changes.
KEY QUOTES:
“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.”
Stoil Vasilev, Co-Founder and CEO, Paypercut
“CEE is one of the most underserved payments markets in Europe, and Paypercut is building the infrastructure layer the region has been missing. We are proud to continue leading this journey.”
Will Orde, Partner, Passion Capital
