Paypercut secures €5M to scale cross-border payments in CEE

Paypercut , a European fintech company providing payment infrastructure for online merchants across Central and Eastern Europe (CEE), has raised €5 million in seed funding. The round was co-led by Concentric , Passion Capital and Araya Ventures , with participation from SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set and payments entrepreneur Matt Doka. The financing brings the company’s total funding to €7 million.