Bulgarian FinTech Platform Paypercut Secures €2 Million In Pre-Seed Round

The round—one of the largest in the region for a payments startup—was led by Concentric, with participation from Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures, and other angel investors.

“Closing the sale is critical; a single BNPL decline can kill the basket,” said Stoil Vasilev, CEO, Paypercut. “By combining providers with different risk appetites, we give shoppers choice and merchants a safety net. SMBs here have been underserved for years – our product finally puts them first.”

The platform also helps BNPL providers reach more SMEs, creating a win-win ecosystem. Currently active in Bulgaria, Romania, and Greece, Paypercut plans to expand across Europe.

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Founded by Stoil Vasilev (CEO), Emil Savov (CRO), and Gareth Walsh (COO), the team will use the funds to add BNPL partners, localise onboarding, and grow a revenue-sharing agency network.

“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, led by Founders who’ve already scaled payments here,” added Alex Stroud, Principal, Concentric.

Paypercut’s BNPL aggregator brings multiple BNPL providers into one platform. Merchants integrate just once, then either let customers choose a provider at checkout or allow Paypercut’s algorithm to route payments to the fastest or cheapest option.

Payouts go directly to the merchant’s bank account in various CEE currencies. The onboarding process is fully digital, reducing weeks of paperwork to just a few days.

“We backed Paypercut for the calibre of the team and the clarity of the playbook. One integration, instant onboarding, multi-currency payouts – straightforward fixes to real merchant pain, with rails that can extend far beyond the region,” added Ethan Imboden, Partner, Tuesday Capital.

Paypercut is already handling transactions for merchants in Bulgaria, Romania, and Greece, and is now expanding further in Central and Eastern Europe, with upcoming launches in the Czech Republic, Poland, and Turkey.

About Paypercut

Founded in 2025, Paypercut helps small and mid-sized businesses offer Buy Now, Pay Later (BNPL) options with better approval rates and conversions. It does this by routing payments through multiple BNPL providers at once, a benefit once reserved for large enterprises.