Paypercut Has Raised 5 Million Euros in a Seed Round
Hey FinTech Fanatic!
European payments platform Paypercut announced a €5M seed round co-led by Concentric, Passion Capital, and Araya Ventures.
This Bulgaria-based firm enables online merchants to accept payments across Central and Eastern Europe through a single integration.
Stoil Vasilev, CEO, Paypercut, said that “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.” Vasilev is a former VP of Corporate Development at Sumup.
Beyond checkout, Paypercut is developing stablecoin rails targeting CEE's highest-volume cross-border corridors, starting with EUR-to-PLN and EUR-to-RON.
The round also saw participation from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH fund, MFG Invest, Main Set, and payments entrepreneur Matt Doka, who used to be Vasilev’s colleague at Sumup.
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