Paypercut, a Sofia-based FinTech that lets small and mid-sized retailers supply Purchase Now, Pay Later (BNPL) via a single integration, has raised €2 million in pre-Seed funding – among the many area’s largest pre-Seed rounds for a payments-focused firm.
Concentric led the funding, joined by Ardour Capital, RTP World, Tuesday Capital, Robin Capital, Angel Make investments Ventures and a number of other angel traders.
“Closing the sale is crucial; a single BNPL decline can kill the basket,” stated Stoil Vasilev, CEO, Paypercut. “By combining suppliers with totally different threat appetites, we give buyers alternative and retailers a security internet. SMBs right here have been underserved for years – our product lastly places them first.”
Based in 2025, Paypercut is a funds aggregation platform that offers SMEs entry to aggressive BNPL phrases, beforehand reserved for giant enterprises. Paypercut’s BNPL product allegedly boosts approval charges for purchasers and conversion charges for retailers by concurrently routing fee requests via a number of BNPL suppliers. On the similar time, BNPL suppliers achieve higher entry to the fragmented SME market, making a win-win state of affairs throughout the ecosystem.
Based by a group with deep expertise in scaling funds throughout the area, Paypercut is rolling out BNPL assist in Bulgaria, Romania, and Greece, with enlargement underway throughout Europe.
The founding group – Stoil Vasilev (CEO), Emil Savov (CRO), and Gareth Walsh (COO) – will use the brand new capital so as to add BNPL companions within the area, localise onboarding flows in further languages and develop an company channel that shares in income.
“CEE’s small retailers nonetheless juggle pay-later choices one supplier at a time. Paypercut fixes that in a single stroke – an aggregator constructed round native rules and checkout habits, led by Founders who’ve already scaled funds right here,” added Alex Stroud, Principal, Concentric.
Paypercut’s BNPL Aggregator connects a number of underwriters in a single place. Retailers combine as soon as, then both enable buyers to decide on their most popular BNPL supplier at checkout or let an inner algorithm route the transaction to the quickest – or, when velocity ties, the lowest-cost-provider.
Funds settle in a number of CEE currencies straight to the service provider’s present checking account, and onboarding is absolutely digital, reportedly compressing what is commonly weeks of paperwork right into a matter of days.
“We backed Paypercut for the calibre of the group and the readability of the playbook. One integration, instantaneous onboarding, multi-currency payouts – simple fixes to actual service provider ache, with rails that may prolong far past the area,” added Ethan Imboden, Associate, Tuesday Capital.
Paypercut already processes transactions for retailers in Bulgaria, Romania and Greece and is actively rolling out throughout the remainder of CEE, with the Czech Republic, Poland, and Turkey subsequent on the roadmap.
