Paypercut has raised €2M in seed funding to enhance its tailored online payment solutions for the underserved markets in Southern and Eastern Europe.

Information on the Target

Paypercut is an innovative online payments aggregator that focuses on addressing the underserved markets in Southern and Eastern Europe. With a recent €2 million seed funding round, one of the largest in the Central and Eastern European (CEE) region, Paypercut aims to provide tailored solutions to B2B customers. Unlike global competitors such as Stripe, which offer standardized services, Paypercut leverages deep regional insights to meet the unique needs of its clients.

The company was founded by Gareth Walsh, Stoil Vasilev, and Emil Savov, all of whom previously contributed to SumUp's success. Their combined expertise is further strengthened by incubation support from Concentric. Headquartered in Bulgaria, a burgeoning hub for payment innovations, Paypercut is well-positioned to capitalize on the rapidly expanding e-commerce landscape that serves over 100 million consumers across its target markets.

Industry Overview in the Target’s Specific Country

The e-commerce sector in Bulgaria and the surrounding CEE region is experiencing significant growth as businesses increasingly pivot to online platforms. This shift is large