# Paypercut EOOD

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paypercut-eood

- Industry: Financial Services
- Headquarters: Sofia, Bulgaria
- Website: www.paypercut.co
- Total disclosed funding: $5.8M
- Latest round: Seed (Jun 3, 2026)
- Investors on record: 10

## About

Based in Bulgaria, Paypercut EOOD provides innovative online payment solutions focused on Buy Now Pay Later (BNPL) services aimed at small and mid-sized businesses, facilitating transactions across Europe. Founded in Sofia, Bulgaria, in 2025, Paypercut EOOD specializes in offering diverse online payment solutions, primarily through its BNPL services. The company was co-founded by Gareth Walsh, Stoil Vasilev, and Emil Savov. In July 2026, Paypercut EOOD raised EUR 5 million in seed funding co-led by Concentric, Passion Capital and Araya Ventures, with participation from SMOK Ventures, BrightCap Ventures, Portfolio Ventures, Main Set, MFG Invest, BlackWood Ventures, and SABAH.HUB. Paypercut offers a comprehensive suite of online payment solutions, focusing heavily on Buy Now Pay Later (BNPL) options for small and mid-sized businesses. Its primary product is a BNPL aggregator that enables merchants to integrate various payment providers, allowing customers to purchase in flexible installments while ensuring immediate payment to businesses. This service is designed to decrease cart abandonment and enhance average order values by increasing customer purchasing power. Paypercut serves a wide range of clients across various industries, including beauty, health, hospitality, and logistics, with its services available in several European markets such as Bulgaria and Romania, facilitating local currency transactions for convenience.Paypercut's revenue model is primarily based on transaction fees generated through its payment processing services. Each transaction processed through its platform incurs a fee, calculated as a percentage of the transaction value. Merchants using Paypercut's BNPL service can offer installment payments, ensuring they receive immediate payment upon transaction approval by the chosen provider. This model supports various business structures, including B2B and direct-to-consumer sales, while Paypercut may seek partnerships to expand its reach and service offerings, thereby driving revenue through increased transaction volumes and customer engagement. The company will use the July 2026 funding to meet the capital requirements for the licence and will also be used to for product and infrastructure development and expansion across the region.

## Funding rounds

- Seed, Jun 3, 2026, $5.8M — Passion Capital, Concentric, BrightCap Ventures, SMOK Ventures, Portfolio Ventures, MFG Invest, BlackWood Ventures, SABAH.HUB, Araya Ventures, Main Set

## Investors

- Passion Capital — Seed
- Concentric (https://capitalatlas.ai/funds/concentric) — Seed
- BrightCap Ventures (https://capitalatlas.ai/funds/brightcap-ventures) — Seed
- SMOK Ventures (https://capitalatlas.ai/funds/smok-ventures) — Seed
- Portfolio Ventures (https://capitalatlas.ai/funds/portfolio-ventures) — Seed
- MFG Invest (https://capitalatlas.ai/funds/mfg-invest) — Seed
- BlackWood Ventures (https://capitalatlas.ai/funds/blackwood-ventures) — Seed
- SABAH.HUB (https://capitalatlas.ai/funds/sabah-hub) — Seed
- Araya Ventures (https://capitalatlas.ai/funds/araya-ventures) — Seed
- Main Set (https://capitalatlas.ai/funds/main-set) — Seed