Paypercut

Summary active Updated Jun 3, 2026

This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.

Location Sofia, Bulgaria
Founded 2024
Latest Stage Seed
Total Raised €7M
Website https://paypercut.io
Sector
fintech payments

Founders

Stoil Vasilev Co-Founder & CEO
Emil Savov Co-Founder
Gareth Walsh Co-Founder

About

Paypercut is a Sofia, Bulgaria-based fintech building a unified payments platform for online merchants across Central and Eastern Europe (CEE) 1. The company started as a buy-now-pay-later aggregator and has evolved into a full-stack payments platform serving more than 200 online merchants across eight CEE markets through a single integration 2. Paypercut’s founding team — Stoil Vasilev (CEO), Emil Savov, and Gareth Walsh — includes former SumUp and Payhawk executives 3.

The company has submitted its own EMI application under the Central Bank of Ireland, with authorisation expected in Q4 2026, a milestone that will enable Paypercut to hold customer balances directly 1.

Funding History

Date Round Amount Lead Co-investors
2026-06-03 Seed €5M Concentric, Passion Capital, Araya Ventures SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, Matt Doka 124
2025-07 Pre-Seed €2M — — 2

What Investors Say

“When you see a team execute the way they have, building a working product across multiple markets in under a year, the decision to co-lead becomes easy.” — Rupa Popat, Founder & Managing Partner, Araya Ventures 1

What Founders Say

“CEE has always been treated as an afterthought by the payments industry, seen as too fragmented, too many local specifics, too complicated. We built Paypercut to fix that. This round gives us the resources to go further and faster.” — Stoil Vasilev, Co-Founder and CEO, Paypercut 1

Sources

  1. Paypercut press release via PR Newswire, “Paypercut Raises EUR 5M Seed Round to Grow the Next Generation of Payments for Online Merchants Across Central and Eastern Europe,” June 3, 2026. https://www.prnewswire.com/news-releases/paypercut-raises-eur-5m-seed-round-to-grow-the-next-generation-of-payments-for-online-merchants-across-central-and-eastern-europe-302789533.html. Accessed June 2026. ↩↩↩↩↩

  2. The Recursive, “Bulgarian Fintech Paypercut Raises €5M to Expand Its Payments Platform Across CEE,” June 2026. https://www.therecursive.com/bulgarian-fintech-paypercut-raises-eur5m-to-expand-its-payments-platform-across-cee/. Accessed June 2026. ↩↩↩

  3. Tech Funding News, “CEE merchants lose billions to fragmented payments. Ex-SumUp and Payhawk execs just raised €5M to fix it,” June 2026. https://techfundingnews.com/cee-merchants-lose-billions-to-fragmented-payments-ex-sumup-and-payhawk-execs-just-raised-e5m-to-fix-it/. Accessed June 2026. ↩

  4. Tech.eu, “Paypercut secures €5M to scale cross-border payments in CEE,” June 3, 2026. https://tech.eu/2026/06/03/paypercut-secures-eur5m-to-scale-cross-border-payments-in-cee/. Accessed June 2026. ↩