Sofia, Bulgaria – Paypercut, a new FinTech player from Bulgaria, has secured €2 million in pre-seed funding to transform how small and mid-sized businesses (SMBs) across Central and Eastern Europe (CEE) offer Buy Now, Pay Later (BNPL) services. The round, one of the region’s largest early-stage investments in the payments space, was led by Concentric, with participation from Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures, and several notable angels.
Founded in 2025, Paypercut acts as a BNPL aggregator—connecting multiple providers through a single integration point. This enables merchants to offer flexible payment options without being tied to one BNPL provider. The platform routes transactions through a network of underwriters, increasing the chances of approval while giving shoppers more choice at checkout.
“Closing a sale is critical. One BNPL decline can kill the cart,” said co-founder and CEO Stoil Vasilev. “Our platform combines providers with different risk appetites to protect the transaction and give merchants a real edge.”
The startup is targeting a long-underserved segment in the BNPL space: SMBs in CEE. While large enterprises have long enjoyed favorable terms and integration support from BNPL providers, smaller merchants have struggled to access the same tools. Paypercut levels the playing field—boosting approval and conversion rates while giving BNPL providers a scalable way to reach fragmented SME markets.
Paypercut is already active in Bulgaria, Romania, and Greece, with plans to expand into the Czech Republic, Poland, and Turkey. The funding will support this regional rollout, onboard more BNPL partners, localize the platform across languages, and grow a revenue-sharing agency channel.
“What’s been missing in CEE is a local-first BNPL infrastructure designed for small merchants,” said Alex Stroud, Principal at Concentric. “Paypercut delivers that—fast, compliant, and scalable.”
The founding team—Stoil Vasilev (CEO), Emil Savov (CRO), and Gareth Walsh (COO)—brings deep payments expertise and a track record of scaling fintech solutions in the region.
With Paypercut, merchants can offer shoppers the choice to pick a BNPL provider at checkout—or allow an algorithm to select the fastest or most cost-efficient one. Funds settle directly to the merchant’s existing account in local currencies, and onboarding takes days instead of weeks, thanks to a fully digital flow.
Tuesday Capital’s Ethan Imboden summed up the appeal: “One integration, instant onboarding, multi-currency payouts. The team is solving real merchant pain with simplicity and precision.”
As the BNPL market continues to grow in Europe, Paypercut is positioning itself as the go-to hub for SMEs ready to offer flexible financing—without the friction.
