Paypercut raises €5m to scale CEE payments platform

By Milan Rojan

Paypercut has raised €5 million in a seed funding round to support the expansion of its payments platform across Central and Eastern Europe (CEE). The round was co-led by Concentric, Passion Capital and Araya Ventures, with participation from several other investors.

The funding has increased Paypercut’s total capital raised to €7 million. The company said it planned to use the investment to strengthen its presence across the region, enhance its technology platform and support its application for an Electronic Money Institution (EMI) licence in Ireland.

Stoil Vasilev, Co-Founder and CEO, Paypercut, said, “CEE has always been treated as an afterthought by the payments industry, seen as too fragmented, too many local specifics, too complicated. We built Paypercut to fix that.”

Founded in 2022, Paypercut has developed a payments orchestration platform that enabled online merchants to access multiple payment methods through a single integration. The company has offered card payments, local payment options and Buy Now, Pay Later (BNPL) solutions while providing merchants with a unified interface for payment management.

Since securing a €2 million pre-seed round in 2025, Paypercut has expanded its operations across eight Central and Eastern Europe markets and has served more than 200 merchants. The company said the platform has simplified payment acceptance for businesses operating across multiple countries by reducing the need for separate integrations and provider agreements.

Rupa Popat, Founder & Managing Partner, Araya Ventures, said, “We have known the Paypercut team for over a year and loved the ambition from the start. When you see a team execute the way they have, building a working product across multiple markets in under a year, the decision to co-lead becomes easy,”

Paypercut has also continued to broaden its product offering. The company said it has worked on new capabilities, including Express Checkout, which has been scheduled for launch later this quarter. It added that it has explored stablecoin-based payment rails for selected cross-border use cases as part of its longer-term product strategy.

The latest investment has come as demand for localised and cross-border payment solutions has continued to grow among digital merchants across Europe. Paypercut said the funding has positioned the company to accelerate growth, expand its regulatory footprint and strengthen its payments infrastructure across the region.