Paypercut, a bulgarian fintech building a payments platform for online merchants across Central and Eastern Europe, has raised a €5 million seed round co-led by Concentric, Passion Capital, and Araya Ventures.
The round included participation from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, and payments entrepreneur Matt Doka. With the new financing, the company said total funding has reached €7 million.
Paypercut said it will use the capital to accelerate expansion across CEE, deepen its presence in existing markets, invest in product and infrastructure development, and meet the capital requirements tied to its EMI licence application with the Central Bank of Ireland.
The funding comes as Paypercut aims to simplify payment acceptance for merchants operating across fragmented CEE markets through a single integration.
The round included participation from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, and payments entrepreneur Matt Doka. With the new financing, the company said total funding has reached €7 million.
Paypercut said it will use the capital to accelerate expansion across CEE, deepen its presence in existing markets, invest in product and infrastructure development, and meet the capital requirements tied to its EMI licence application with the Central Bank of Ireland.
The funding comes as Paypercut aims to simplify payment acceptance for merchants operating across fragmented CEE markets through a single integration.