Ecosystem Radar

Paypercut raises €5M to expand its payments platform across CEE

Paypercut, a Bulgarian-founded fintech, has raised €5 million in a seed round co-led by Concentric, Passion Capital and Araya Ventures. The company says the funding will back expansion across Central and Eastern Europe and further development of its payments infrastructure.

FintechBulgariaCEE expansionCentral and Eastern EuropeUnited KingdomSeed fundingBanking and finance

Paypercut founders: Gareth Walsh, Stoil Vasilev, Emil Savov ©

FTS Insights official • This is a relevant signal for the Sofia and wider CEE fintech scene. A Bulgarian-founded company has assembled a cross-border investor syndicate around merchant payments infrastructure, while moving from a BNPL aggregation model toward a broader payments platform. The Irish EMI licence angle also shows that regional scaling is being paired with a more formal regulatory setup.

Key Takeaways
  • Paypercut is no longer positioning itself only as a BNPL aggregator.
  • The seed round is funding both market expansion and deeper infrastructure work.
  • Licensing and capital structure are becoming part of the company's next phase.
  • Bulgarian-founded fintechs can attract international capital when they address regional gaps.
Why this matters
  • It points to continued investor interest in payment infrastructure tailored to merchant needs in CEE.
  • The round brings together UK, CEE and wider European investors around a Bulgarian-founded company.
  • The Irish EMI licence path matters because regulation is central to scaling payment products.
  • Paypercut is expanding from a narrow use case into a broader platform position.

ORIGINAL ARTICLE

June 03, 2026

Bulgarian-founded Paypercut raises 5 mln euro in seed round

by Radina Veleva

Read coverage on SeeNews

Article Summary

Paypercut announced a €5 million seed round on June 3. The round was co-led by UK-based venture capital firms Concentric, Passion Capital and Araya Ventures, with participation from Poland's SMOK Ventures, the UK's Portfolio Ventures and Main Set, Bulgaria's BrightCap Ventures and MFG Invest, Denmark's BlackWood, Luxembourg's SABAH.fund, and payments entrepreneur Matt Doka.

According to the company, the new capital brings its total funding to €7 million. It plans to use the money to accelerate growth in Central and Eastern Europe, strengthen its position in current markets, and fund the next phase of product and infrastructure development.

Paypercut also said part of the round will help it meet the capital requirements for its Irish Electronic Money Institution licence.

The company added that since its €2 million pre-seed round in July 2025, it has evolved from a BNPL aggregator into a full payments platform, with over 200 merchants active across eight CEE markets.

Key Highlights

  • Paypercut raised €5 million in a seed round announced on June 3, 2026.
  • The round was co-led by Concentric, Passion Capital and Araya Ventures.
  • The company said the new funding brings total capital raised to €7 million.
  • Part of the capital is intended to support requirements for an Irish EMI licence.
  • Paypercut says it now has over 200 merchants active across eight CEE markets.

Takeaway

Paypercut's seed round is a useful regional signal: a Bulgarian-founded fintech is using fresh capital to widen its product scope, deepen its CEE footprint and build toward a more robust regulatory base.

Read the full coverage on SeeNews(en)

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Paypercut

Accept cards, wallets, and BNPL across Europe with one simple integration. Localized payouts, multi-currency support, and fast onboarding for EU merchants.

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