Paypercut Raises EUR 5M Seed

Paypercut, based in Sofia, Bulgaria, is a European fintech payments platform that enables online merchants to accept payments across Central and Eastern Europe through a single integration. The company has raised EUR 5M in a seed round, bringing its total funding to EUR 7M.

Investors

The round was co-led by Concentric, Passion Capital, and Araya Ventures, with participation from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, and payments entrepreneur Matt Doka.

Paypercut Use of Funds

The company plans to use the new capital to accelerate expansion across the CEE region, deepen its presence in existing markets, advance product and infrastructure development, and meet capital requirements for its Irish EMI license application.

About Paypercut

Founded in 2025 by a team with experience from SumUp and Payhawk, Paypercut provides a full payments stack that allows merchants to manage card payments, local payment methods, and Buy Now, Pay Later options through one dashboard. Its mission is to act as the default financial infrastructure layer for businesses in Central and Eastern Europe.

Funding Details

Company Website: https://paypercut.co

Company: Paypercut
Raised: EUR 5M
Round: Seed
Funding Date: June 3, 2026
Lead Investor: Concentric, Passion Capital, Araya Ventures
Additional Investors: SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, Matt Doka
Software Category: Fintech
Source: https://aijourn.com/paypercut-raises-eur-5m-seed-round-to-grow-the-next-generation-of-payments-for-online-merchants-across-central-and-eastern-europe/