Paypercut raises €5 million to expand cross-border payments in Central and Eastern Europe

European fintech startup Paypercut has secured €5 million in seed funding to accelerate the rollout of its cross-border payment infrastructure across Central and Eastern Europe (CEE). The fresh capital will support the company’s regional expansion, product roadmap and regulatory licensing as it targets a fragmented but fast-growing e-commerce market.

With this round, Paypercut’s total funding reaches €7 million, strengthening its position as a specialist provider of payment solutions tailored to the needs of merchants operating across multiple CEE markets.

New funding round and investors

The €5 million seed round was co-led by venture capital firms Concentric, Passion Capital and Araya Ventures. They were joined by SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, as well as payments entrepreneur Matt Doka.

The backing from a broad syndicate of investors underscores growing interest in payment infrastructure focused on emerging European regions, where e-commerce adoption is accelerating but payments remain complex and highly localized.

Solving fragmented payments across CEE

Paypercut was founded to simplify how online merchants manage payments across CEE, a region characterised by different currencies, local payment preferences and varying regulatory frameworks. Instead of integrating multiple providers country by country, merchants can connect to Paypercut’s platform once and access a full payment stack.

Through a single integration and dashboard, the platform enables businesses to:

• Accept card payments and popular local payment methods
• Offer Buy Now Pay Later (BNPL) options
• Generate payment links and QR codes for remote or offline payments
• Handle billing, payouts and settlements in multiple currencies

This approach is designed to reduce the operational burden for merchants expanding across borders in CEE, where consumer habits and payment infrastructure differ significantly from one market to another.

Regional focus and merchant growth

Since closing its pre-seed round in 2025, Paypercut has evolved from a BNPL aggregation service into a broader payment platform. The company now serves more than 200 merchants across eight markets in Central and Eastern Europe.

The product has been built specifically around the requirements of commerce in the region, including:

• Support for local payment preferences in each country
• Multi-currency settlement capabilities
• Digital onboarding designed for cross-border merchants

According to the company, many global payment providers still treat CEE as a secondary priority due to its complexity. Paypercut aims to close this gap by offering infrastructure that is tailored to local realities while still supporting regional and international expansion.

New Express Checkout feature

As part of its product expansion, Paypercut is introducing a new Express Checkout feature aimed at improving mobile shopping conversion rates. The tool enables one-tap payments via Apple Pay and Google Pay directly from the product page, without sending users through multiple intermediate screens.

By reducing steps in the checkout flow, the company expects merchants to see lower cart abandonment and higher payment completion rates, especially on mobile devices where friction is a key barrier to closing sales.

Use of funds and licensing plans

The newly raised capital will be used to deepen Paypercut’s presence in its existing markets and support entry into additional CEE countries. Investment will also go towards further development of its payment infrastructure and expansion of its product suite.

A key part of the strategy is regulatory. Paypercut plans to use a portion of the funding to support its application for an Electronic Money Institution (EMI) licence in Ireland. Securing this licence would give the company more flexibility in how it handles customer funds and provides regulated payment services across the European Economic Area.

Outlook for CEE payment infrastructure

Central and Eastern Europe remains one of the more fragmented regions in Europe from a payments standpoint, with different domestic schemes, local wallets and BNPL providers. At the same time, online commerce and digital payments continue to grow rapidly across the region.

By offering a single platform that integrates multiple methods and markets, Paypercut is positioning itself as an infrastructure layer for merchants looking to expand across borders in CEE without building a separate payment setup for each country.

With fresh funding, a growing merchant base and plans for an EU-wide licence, the company is aiming to make cross-border payments in the region faster, cheaper and more straightforward for both merchants and their customers.