Paypercut raises €5M seed to scale cross-border payments in CEE
What's the deal? PaypercutDealroom has a profile for this one. Try Dealroom →, a fintech startup building payment infrastructure for online merchants in Central and Eastern Europe (CEE), has raised €5M in seed funding. The round was co-led by Concentric, Passion Capital, and Araya VenturesDealroom has a profile for this one. Try Dealroom →, with participation from SMOK VenturesDealroom has a profile for this one. Try Dealroom →, Portfolio VenturesDealroom has a profile for this one. Try Dealroom →, BrightCap VenturesDealroom has a profile for this one. Try Dealroom →, and several others. Total funding now stands at €7M.
The platform lets merchants accept card payments, local payment methods, Buy Now Pay Later options, and manage billing, payouts, and settlements across multiple currencies — all through a single integration. It currently serves more than 200 merchants across eight CEE markets.
Why now? CEE remains one of Europe's most fragmented payment landscapes, with each market carrying its own local payment preferences, currencies, and regulatory quirks. Major payment providers have historically treated the region as an afterthought.
"CEE has always been treated as an afterthought by the payments industry, seen as too fragmented, too many local specifics, too complicated," said co-founder and chief executive officer Stoil Vasilev. "We built Paypercut to fix that."
Since its pre-seed round in 2025, the company has evolved from a Buy Now Pay Later aggregation service into a broader payments platform. It is also launching Express Checkout, a feature enabling one-tap payments through Apple Pay and Google Pay directly from product pages.
What could go wrong? Paypercut is entering a crowded payments space where global players like Stripe and Adyen are steadily expanding their CEE coverage. Winning and retaining merchants will depend on whether it can maintain a meaningful edge in local payment method support and settlement speed.
The company is also pursuing an Electronic Money Institution (EMI) licence in Ireland — a process that can be lengthy and resource-intensive, potentially diverting focus from product development and market expansion.
The signal: Paypercut's seed round drew a notably diverse investor syndicate — mixing corporate backers like Concentric with specialist funds such as SMOK Ventures and Portfolio Ventures, both of which focus on CEE opportunities. That breadth of backing suggests confidence not just in the company's pivot from BNPL aggregator to full-stack payments platform, but in the broader thesis that CEE's fragmented e-commerce infrastructure is ripe for a dedicated, region-first challenger.
Read more: Tech.eu
