Paypercut Secures €2M to Revolutionize BNPL in Emerging European Markets

July 17, 2025 • FinTech News
Paypercut Secures €2M to Revolutionize BNPL in Emerging European Markets

Record Funding for Regional Payments Startup

Paypercut has closed a €2 million pre-seed round, marking one of the largest early-stage investments in European payments tech. Concentric led the funding, with participation from Passion Capital, RTP Global, Tuesday Capital, and prominent angel investors.

Solving Fragmentation in CEE’s BNPL Market

The startup addresses a critical pain point: Central and Eastern Europe’s disjointed Buy Now, Pay Later landscape. Paypercut’s innovative platform enables merchants to:

  • Connect to multiple BNPL providers through one integration

  • Offer customers various payment options at checkout

  • Automatically select the optimal provider using smart algorithms

Currently operating in Bulgaria, Romania, and Greece, the company is now preparing expansions into Poland, the Czech Republic, and Turkey.

Streamlining Merchant Onboarding

Paypercut eliminates traditional friction points by:

  1. Providing fully digital merchant enrollment

  2. Supporting multi-currency settlements

  3. Reducing approval times from weeks to days

“One rejected BNPL application can mean a lost sale,” explained CEO Stoil Vasilev, formerly of SumUp. “Our multi-provider approach gives both shoppers and merchants better protection.”

Strategic Growth Plans

The fresh capital will fuel three key initiatives:

  • Partner expansion: Adding more BNPL providers to the platform

  • Localization: Enhancing language support for smoother onboarding

  • Revenue-sharing: Launching an agency partner program

The leadership team brings deep payments expertise, including:

  • CRO Emil Savov (ex-SumUp, Payhawk)

  • COO Gareth Walsh (former SumUp executive)

Why This Matters

The investment signals growing confidence in CEE’s fintech potential. Unlike Western Europe’s saturated BNPL market, the region presents:
✓ Untapped merchant demand
✓ Favorable regulatory conditions
✓ Strong mobile payment adoption

With its unique multi-provider model, Paypercut is well-positioned to become the go-to BNPL gateway for SMBs across emerging European markets.