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