Bulgarian FinTech platform Paypercut lands €2 million to build a multi-provider BNPL hub

Paypercut, a Sofia-based FinTech that lets small and mid-sized merchants offer Buy Now, Pay Later (BNPL) through a single integration, has raised €2 million in pre-Seed funding – among the region’s largest pre-Seed rounds for a payments-focused company.

Concentric led the investment, joined by Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures and several 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.”

Founded in 2025, Paypercut is a payments aggregation platform that gives SMEs access to competitive BNPL terms, previously reserved for large enterprises. Paypercut’s BNPL product allegedly boosts approval rates for customers and conversion rates for merchants by simultaneously routing payment requests through multiple BNPL providers. At the same time, BNPL providers gain better access to the fragmented SME market, creating a win-win scenario across the ecosystem.

Founded by a team with deep experience in scaling payments across the region, Paypercut is rolling out BNPL support in Bulgaria, Romania, and Greece, with expansion underway across Europe.

The founding team – Stoil Vasilev (CEO), Emil Savov (CRO), and Gareth Walsh (COO) – will use the new capital to add BNPL partners in the region, localise onboarding flows in additional languages and grow an agency channel that shares in revenue.

“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 connects several underwriters in one place. Merchants integrate once, then either allow shoppers to choose their preferred BNPL provider at checkout or let an internal algorithm route the transaction to the fastest – or, when speed ties, the lowest-cost-provider.

Funds settle in multiple CEE currencies straight to the merchant’s existing bank account, and onboarding is fully digital, reportedly compressing what is often weeks of paperwork into a matter of 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 already processes transactions for merchants in Bulgaria, Romania and Greece and is actively rolling out across the rest of CEE, with the Czech Republic, Poland, and Turkey next on the roadmap.

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