Pavel Strnádek, a seasoned leader with deep experience in finance, will spearhead Paypercut’s expansion in the Czech Republic and Slovakia, focusing on establishing strong local partnerships and accelerating market adoption.
Paypercut’s BNPL Aggregator connects several underwriters in one place. Merchants integrate once, then either allow shoppers to choose their preferred BNPL provider at checkout or let an internal algorithm route the transaction to the fastest – or, when speed ties, the lowest-cost-provider. Funds settle in multiple CEE currencies straight to the merchant’s existing bank account, and onboarding is fully digital, compressing what is often weeks of paperwork into a matter of days.
Paypercut already processes transactions for merchants in Romania, Bulgaria, and Greece, and is now actively entering the Czech market — one of the fastest-growing e-commerce and fintech ecosystems in CEE, alongside Poland and Turkey, which are next on the roadmap.
The founding team – Stoil Vasilev, CEO, (ex-VP CorpDev & Finance at SumUp), Emil Savov, CRO built SumUp’s CEE partner channel; founder of 84bits (acquired by SumUp), and Gareth Walsh, COO (former Global Head of Risk & Compliance at SumUp; ex-CCO at Payhawk) – will use the new capital to add BNPL partners in the region, localise onboarding flows in additional languages and grow an agency channel that shares in revenue.
“Closing the sale is critical; a single BNPL decline can kill the basket,” said Stoil Vasilev, CEO, Paypercut. “By combining providers with different risk appetites, we give shoppers choice and merchants a safety net. SMBs here have been underserved for years – our product finally puts them first.”
“CEE’s small merchants still juggle pay-later options one provider at a time. Paypercut fixes that in one stroke – an aggregator built around local regulations and checkout habits, led by founders who’ve already scaled payments here,” said Alex Stroud, Principal, Concentric.
“We backed Paypercut for the calibre of the team and the clarity of the playbook. One integration, instant onboarding, multi-currency payouts – straightforward fixes to real merchant pain, with rails that can extend far beyond the region,” added Ethan Imboden, Partner, Tuesday Capital.
In Czechia, Paypercut is launching a dual go-to-market strategy. On one hand, the team is building a local partner network across software development agencies, SaaS providers, POS vendors, accounting firms, and e-commerce platforms. On the other, it is setting up direct sales and support operations to deliver a fully localized experience — from onboarding and product adaptation to customer service.
