Paypercut: 10 Key Things You Must Know

Overview

Paypercut is an innovative fintech startup founded in 2025, headquartered in Sofia, Bulgaria. The company specializes in providing a streamlined financial technology platform that enables small and mid-sized merchants to offer Buy Now, Pay Later (BNPL) payment options through a single, seamless integration. This unique aggregator service connects multiple BNPL providers, allowing merchants to present customers with various financing choices or to automatically route transactions to the fastest or most cost-effective BNPL provider. Paypercut addresses a significant gap in the Central and Eastern European (CEE) market by simplifying BNPL access for smaller merchants, enhancing their sales potential and customer reach. As you explore this article, you'll discover key facts about Paypercut's origin, technology, funding, market strategy, and growth ambitions.

1. Origin and Founding Team

Paypercut was founded in 2025 by a trio of fintech veterans with extensive experience in scaling payment solutions across Europe. The founding team includes Stoil Vasilev (CEO), former Vice President of Corporate Development & Finance at SumUp; Emil Savov (CRO), who built SumUp's Central and Eastern Europe partner channel and sold his own startup to SumUp; and Gareth Walsh (COO), former Global Head of Risk and Compliance at SumUp and Chief Compliance Officer at Payhawk. Their combined expertise in payments and fintech ecosystems drives Paypercut’s mission to support underserved small and medium-sized businesses (SMBs) in the CEE region.

2. Pay Now, Buy Later Aggregator Technology

At the core of Paypercut's offering is a BNPL aggregator platform. This technology connects several BNPL underwriters into a unified interface, meaning merchants only need to integrate once to access multiple financing providers. At checkout, either the customer selects their preferred BNPL provider, or an internal intelligent algorithm routes the transaction to the provider that can process it the fastest or at the lowest cost. This multi-provider approach helps maximize approval rates and reduce cart abandonment, as it prevents a single BNPL provider decline from killing the sale.

3. Market Focus on Central and Eastern Europe

Paypercut specifically targets small and mid-sized merchants across Central and Eastern Europe (CEE), comprising countries like Bulgaria, Romania, Greece, Czech Republic, Poland, and Turkey. These markets have historically faced fragmented BNPL solutions with limited access to competitive financing options for SMBs. By offering multi-currency settlements directly to merchants’ existing bank accounts and digital onboarding processes tailored to local languages and regulations, Paypercut aims to empower merchants and shoppers in these emerging markets.

4. Seamless Digital Onboarding and Localisation

The onboarding process for merchants on Paypercut's platform is fully digital, compressing what traditionally takes weeks of paperwork into just days. This streamlined procedure facilitates easier adoption by SMBs that often lack the resources to manage complex onboarding steps. Paypercut also localizes user experiences by supporting multiple languages and customization to meet the unique regulatory and checkout preferences of different CEE countries, thereby improving usability and merchant satisfaction.

5. Funding and Investor Support

In mid-2025, Paypercut successfully raised 2 million in a pre-seed funding round, marking one of the largest fintech pre-seed rounds in Bulgaria's history. Concentric led the round, supported by Passion Capital, RTP Global, Tuesday Capital, Robin Capital, Angel Invest Ventures, and several angel investors who have funded prominent companies such as Airbnb, Uber, Monzo, and SumUp. This capital infusion is earmarked for expanding the network of BNPL partners, enhancing localization efforts, and scaling Paypercut's agency and partner ecosystem.

6. Strategic Growth and Expansion Plans

Currently active in Bulgaria, Romania, and Greece, Paypercut has a clear roadmap to broaden its presence to other CEE countries, including the Czech Republic, Poland, and Turkey. Their go-to-market strategy involves growing an agency sales channel that shares revenue with partners, furthering integration with local payment providers, and continuously improving the BNPL aggregator to cater to evolving market demands. Their goal is to become the leading BNPL platform for SMBs in the region, enabling wider financial inclusion.

7. Customer Benefits and Business Impact

By using Paypercut’s platform, small and mid-sized merchants gain access to multiple BNPL providers without the operational complexity of managing separate contracts and integrations. This affords merchants faster payment settlement, mitigates payment risks, and increases average order values by offering flexible payment options to consumers. For customers, it creates enhanced purchasing power and choice during checkout, fostering better conversion rates and greater retention.

8. Competitive Advantage and Market Position

Paypercut differentiates itself in the fintech ecosystem by specifically addressing the pain points of SMBs in emerging European markets. Unlike single-provider BNPL solutions, Paypercut’s aggregation technology and algorithm-driven transaction routing improve approval rates and reduce refusal-driven sales losses. Additionally, fully digital onboarding, multi-currency payouts, and region-specific localization position the platform as a tailor-made solution uniquely suited to CEE's fragmented payments landscape.

9. Leadership’s Vision on Supporting SMBs

CEO Stoil Vasilev has emphasized that closing sales is critical for small merchants and that a single BNPL decline often results in lost baskets. Paypercut's solution provides a safety net by combining providers with varying risk appetites, thus increasing sales security. The leadership team envisions Paypercut as a catalyst for financial inclusivity, enabling smaller merchants to compete on par with larger enterprises by granting them access to flexible payment technology.

10. Future Prospects and Potential Developments

With the strong backing of investors and a founding team experienced in payments scaling, Paypercut is well-positioned for rapid growth. Upcoming developments may include expanding the aggregator’s provider network, incorporating additional payment methods, enhancing AI-driven routing algorithms, and further penetrating European and potentially global SMB markets. Their digital-first approach and agile platform design suggest that Paypercut could redefine BNPL access for small merchants beyond CEE in coming years.

Conclusion

Paypercut stands out as an ambitious fintech startup tackling a real problem for small and mid-sized merchants in Central and Eastern Europe: fragmented and complex access to Buy Now, Pay Later financing. By aggregating multiple BNPL providers into a single, localized platform with digital onboarding and multi-currency settlements, Paypercut empowers merchants to grow their sales and better serve their customers. With strong leadership, significant funding, and a clear vision, Paypercut is paving a competitive path in the fintech payments landscape. As the future of commerce leans increasingly towards flexible payments, how Paypercut continues to innovate and expand will be intriguing to watch.