Paypercut is a Bulgarian-founded fintech company launched in 2025 that builds a multi-provider Buy Now, Pay Later (BNPL) aggregation platform for small and medium-sized businesses (SMBs) in Central and Eastern Europe (CEE).[1][2][3] It serves underserved merchants in fragmented markets like Bulgaria, Romania, and Greece by enabling a single integration to route payments across multiple BNPL providers, boosting customer approval rates, merchant conversion rates, and simplifying digital onboarding with multi-currency settlements.[1][2][4] The platform solves the problem of SMBs facing high rejection rates, repetitive integrations, and slow paperwork with traditional BNPL options, which often kill sales and limit access to financing reserved for big retailers—creating a win-win by also giving providers better reach into SME segments.[1][3][5] With €2 million in pre-seed funding from Concentric, Passion Capital, RTP Global, Tuesday Capital, Robin Capital, and others, Paypercut is live and processing transactions in its initial markets, showing early growth momentum toward expansion into Poland, Czech Republic, and Turkey.[2][3][4]
Paypercut was founded in 2025 by Stoil Vasilev (CEO, ex-VP CorpDev & Finance at SumUp), Emil Savov (CRO, built SumUp's CEE partner channel and founder of 84bits acquired by SumUp), and Gareth Walsh (COO, former Global Head of Risk & Compliance at SumUp and ex-CCO at Payhawk).[1][3][5] These ex-SumUp operators, who helped scale the company to a $10 billion payments giant, identified a gap in CEE's underserved SME BNPL market during their regional experience, where small merchants juggle fragmented providers amid limited financing options.[1][2][5] The idea emerged from recognizing that a single BNPL decline could derail sales, prompting a platform for simultaneous routing to multiple providers; early traction includes going live in Bulgaria, Romania, and Greece shortly after launch, capped by a €2 million pre-seed round announced in July 2025.[1][3][7]
Paypercut rides the BNPL surge in emerging Europe, where fintech thrives less than in Western markets, targeting CEE's untapped SMBs amid rising e-commerce and demand for flexible payments.[1][2] Timing aligns with post-pandemic digital adoption and regulatory shifts favoring aggregators, as merchants seek conversion tools in high-inflation, fragmented economies like Bulgaria and Romania.[3][4] Market forces like inconsistent BNPL availability and cross-border expansion (e.g., into Turkey's insular ecosystem) favor its model, reducing merchant friction and influencing the ecosystem by onboarding more providers, localizing services, and enabling scalable rails beyond CEE.[1][2][5] Investors highlight its potential to standardize payments for SMBs, much like SumUp did for hardware, potentially reshaping regional fintech infrastructure.[2][5]
Paypercut's immediate path involves expanding its BNPL network, adding languages, and building a partner agency channel with the €2 million raise, while pushing into Poland, Czech Republic, and Turkey for rapid scale.[2][3][4] Trends like AI-driven routing, embedded finance, and CEE's e-commerce boom will propel growth, with its checkout platform unlocking broader payments plays.[1][7] Influence could evolve from niche aggregator to regional hub, empowering SMBs and drawing more capital—echoing its founders' SumUp playbook to dominate underserved frontiers.[1][5]
Paypercut has raised $2.0M in total across 1 funding round.
Paypercut's investors include Tuesday Capital.
Paypercut has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in July 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2025 | $2.0M Seed | Tuesday Capital |
