Bulgarian fintech startup Paypercut, which simplifies Buy Now, Pay Later (BNPL) payments for small businesses through a single integration connecting multiple BNPL providers, has secured €2 million in a pre-seed round led by Concentric.
- Founded in 2025 by Stoil Vasilev, Emil Savov, and Gareth Walsh, Paypercut develops a Buy Now, Pay Later (BNPL) aggregator platform that simplifies payment options for small and mid-sized businesses across Central and Eastern Europe.
- The platform connects merchants to multiple BNPL providers through a single integration, allowing shoppers to choose their preferred option or have transactions automatically routed to the fastest or lowest-cost provider.
- Merchants receive funds directly in local currency with fast, fully digital onboarding, reducing technical and regulatory complexity while increasing sales and approval rates.
“Closing the sale is critical; a single BNPL decline can kill the basket. By combining providers with different risk appetites, we give shoppers choice and merchants a safety net," CEO of Paypercut, Stoil Vasilev, commented.
Details of the deal
- Paypercut’s €2 million pre-seed funding round was led by London-based VC Concentric and included participation from Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures, and several angel investors.
“CEE’s small merchants still juggle pay-later options one provider at a time. Paypercut fixes that in one stroke - an aggregator built around local regulations and checkout habits,” claims Alex Stroud, Principal at Concentric.
- Paypercut plans to use the fresh €2 million funding to expand its BNPL platform by adding more BNPL partners across Central and Eastern Europe, localizing onboarding flows in additional languages, and growing its agency channel to increase market reach and revenue sharing.
- The investment will also support the company’s efforts to enhance its multi-provider BNPL hub, streamline the onboarding process for merchants, and accelerate expansion into new markets such as the Czech Republic, Poland, and Turkey.
