In 2023, Nectaro has emerged as another alternative in the P2P lending industry. The Latvia-based P2P marketplace is regulated by the Latvian financial authority and hence compliant with MiFID II regulations.
Beyond its regulatory framework, Nectaro offers several additional advantages for investors: Competitive interest rates of up to 15%, profitable lenders, and a large, well-diversified parent company (Dyninno Group) supporting the platform in the background.
Are these advantages sufficient to entrust the Latvian P2P platform with your money?
In this Nectaro review, we take a detailed look at the business model, the investment opportunities, and the platform’s risk profile.
Further analyses of other platforms can be found on my P2P Platform Review page.
Summary
Before we get started, here is a quick summary with the most important information about Nectaro.
- Nectaro is a Latvian P2P platform where investors can invest in buyback-guaranteed consumer loans and achieve returns of up to 15%. The platform officially launched in October 2023.
- So far, there have been no repayment difficulties or defaults at the lender level on Nectaro (default rate: 0%). As a result, investors were able to consistently achieve double-digit returns on the platform since 2023.
- Nectaro is part of the DYNINNO Group, a US-based company founded in 2004 that operates globally. In addition to its financial division, the group offers various products and services in the travel, technology, and entertainment verticals.
- The platform is operated by SIA Nectaro, which has been supervised by the Latvian financial authority since 2023 and is regulated under MiFID II. As a result, investor accounts are protected by the investor compensation system, covering up to EUR 20,000 in case of misappropriation or the platform’s insolvency.
| Started: | October 5, 2023 |
| Legal Name: | SIA Nectaro (LINK) |
| Headquarter: | Riga, Latvia |
| Regulated: | Yes (Financial and Capital Market Commission) |
| CEO: | Sigita Kotlere (September 2022) |
| Community Voting: | P8 out of 30 | See Voting |
| Assets Under Management: | EUR 22+ Million |
| Number of Investors: | 13.000+ |
| Expected Return: | Up to 15% |
| Primary Loan Type: | Consumer Loans |
| Collateral: | Buyback Guarantee (60 Days) |
| Bonus: | 1% Cashback | 30 Days |
What is Nectaro?
Nectaro is a Latvia-based P2P lending marketplace that began its operations in October 2023. On the platform, investors can invest in regulated financial instruments (Notes), which include both private consumer loans and business loans.
Since March 2023, the P2P platform, operated by Latvian company SIA Nectaro, has been supervised by the Latvian financial authority and regulated under MiFID II. As a result, investor accounts are protected by the investor compensation system, covering up to EUR 20,000 in case of misappropriation or the platform’s insolvency.
Across all P2P platforms, Nectaro offers above-average return potential. This is due to competitive interest rates of up to 15% and due to various bonus and cashback campaigns that can further boost returns.
So far, there have been no repayment difficulties or defaults at the lender level (default rate: 0%). As a result, investors have consistently achieved double-digit returns on the platform since 2023.
DYNINNO Group
Nectaro is part of the DYNINNO Group, which was founded in San Francisco in 2004. The company operates in over 50 countries, offering products and services in the travel, finance, entertainment, and technology sector. Currently, the group employs more than 5,000 people worldwide.
In the Latvian capital, Riga, the Dyninno Group owns a large building complex where several of the group’s companies operate across nine floors. This includes both Nectaro and the EcoFinance lenders featured on the P2P platform.
For its financial division, the Dyninno Group established the company “Dyninno Fintech Holding Limited.” This is a private limited company founded on October 5, 2015, in Cyprus. The company encompasses both the lenders in Romania and Moldova as well as the P2P platform Nectaro.
The creation of the Nectaro platform in 2023 pursued three objectives: expanding presence in the financial sector, minimizing financing costs, and diversifying sources of funding.
Ownership and Management
What does the ownership and shareholder structure of Nectaro look like? And who is responsible for the operational management of the P2P platform? More information on this topic are outlined in the following sections of my Nectaro review.
Nectaro Ownership
Who owns Nectaro? The P2P platform is operated by the Latvian company “SIA Nectaro”. A look into the Latvian business register reveals that the platform is 100% owned by the Cypriot company “DYNINNO FINTECH HOLDING LIMITED”.
The Cypriot company, in turn, is owned by two different shareholders:
- Dmitry Tsymber, co-founder of the DYNINNO Group, owns 21.76% of the shares.
- Through Dynamic Innovations Limited (a limited liability company in Malta, registration number C71892), Alex Weinstein owns the remaining 78.24% of the shares. As the founder of the Dyninno Group, he is therefore the ultimate beneficial owner of the company.
Nectaro Management
Since September 2022, Nectaro’s operational management has been led by CEO Sigita Kotlere. The Latvia-born executive, whom I had the opportunity to meet personally during my P2P lending journey through the Baltics, has been working in the Latvian financial and banking sector since 2012.
From April 2019 to April 2022, Sigita worked for three years as a Partnership Executive at Mintos, where she was primarily responsible for onboarding, conducting due diligence, and managing new loan originators. Following a request from Dmitry Tsymber, the founder of Nectaro’s loan originator Ecofinance and co-founder of the DYNINNO Group, Sigita was entrusted with leading the new P2P platform from the end of 2022.
The core team of Nectaro consists of around 15 full-time employees. In addition, there are occasionally shared staff within the group, for example in the areas of design or HR. During my visit to Riga, it became clear that many employees have had a professional background at various P2P platforms, including Twino, Debitum, and Grupeer.
Business Model and Finances
The business model and financial framework are crucial when evaluating a P2P platform. How does Nectaro generate revenue? Can the platform operate profitably? And how solid is its financial position? More details on these aspects can be found in the following sections of my Nectaro review.
Business Model
Nectaro is a P2P marketplace that currently works exclusively with loan originators from Dyninno Fintech Holding. Its business model is therefore very similar to that of Viainvest.
The main advantage of this approach is the greater control it provides over business development. However, a limitation of this model lies in the speed of scaling.
For Dyninno Fintech Holding, Nectaro serves as an additional funding source for its lending operations. The group relies on a mix of credit lines from local banks, shareholder loans, and P2P loans (Nectaro) to finance its activities.
Monetization
How does Nectaro make money? To answer this, we take a look at the financial reports of the P2P lending platform, which are published on this page.
According to the 2025 financial report, which was audited by BDO and prepared in accordance with IFRS standards, Nectaro generated EUR 367,938 in revenue from commission fees for brokerage and intermediation services charged to the lending institutions on the P2P platform. According to information from Nectaro, the brokerage fee corresponds to the average market rate, which is therefore around 2% per year.
Profitability
In 2025, the second full financial year of SIA Nectaro, the P2P platform recorded a loss of EUR 1.42 million. Marketing expenses more than doubled compared to the previous year, rising by over 50% to EUR 676,000, and administrative expenses (particularly personnel costs) increased by around EUR 355,000 compared to 2024.
Investors should note that reaching the breakeven point is not the primary priority of Nectaro. As the business model makes clear, the main function of the Nectaro platform is to serve as a financing tool for the lending operations of Dyninno Fintech Holding.
In the “Going Concern” section, it was communicated that the parent company has committed to providing the necessary financial support and that the company’s share capital will be increased quarterly in 2026 up to the required capital level. In 2025, the share capital was already increased by EUR 1.96 million to cover the operational loss phase and maintain regulatory capital requirements.
Note 24 confirms that after the balance sheet date, the share capital was further increased to EUR 3.62 million (an increase of EUR 350,000). This demonstrates that the parent company is following through on its commitments.
Balance Sheet
Despite the lack of profitability, the balance sheet of SIA Nectaro appears solid. This is primarily due to the increase in share capital to EUR 3.27 million. As a result, the equity ratio stands at a strong 53%, the debt ratio at 0.83, and the liquidity ratio at 1.73, indicating no major issues.
Overall, SIA Nectaro’s balance sheet shows stable financial metrics. However, given the rather small total balance sheet of only EUR 955,000, these figures should not be overestimated.
Sign Up and Bonus
To register with Nectaro, the following requirements must be met: A minimum age of 18 years, residency in the European Economic Area, and a valid passport or ID card.
The registration process on the Nectaro website is relatively simple and intuitive. It consists of three steps:
- Confirmation of the email address
- Identity verification and personal information submission (KYC form)
- Suitability & Appropriateness Assessment questionnaire
Legal entities can also register with Nectaro. In this case, companies must submit additional information, including registration documents and details about the beneficial owners.
Nectaro Bonus
Nectaro offers a 1% cashback for new investors. This is calculated based on the average daily investment balance within the first 30 days after registration. To receive the bonus, investors must sign up using my Nectaro partner link.
Apart from that, the P2P lending platform frequently offers additional bonus campaigns that can help boost returns. A cross-platform overview with all bonus offers and cashback promotions can be found by investors on the bonus page.
Investing on Nectaro
How does investing on Nectaro work? What should you know, and what should you pay attention to? In the following sections, you will find a concise overview with all the answers.
Loan Offering
On Nectaro, investors can invest in regulated financial instruments called Notes. These Notes are composed of small fractions of many loans sharing similar characteristics. Each Note carries a unique ISIN (International Securities Identification Number). This allows investors to benefit from diversification across all the underlying loans within the pool.
Currently, Nectaro offers investments from three different lenders.
Two of these companies are consumer credit institutions that provide personal loans to individuals. These lenders have been in operation for many years and utilize different financing sources.
CreditPrime Romania
The Romanian lender “CreditPrime Romania” (ECOFINANCE IFN SA) is a credit company offering personal loans to borrowers in Romania. Most products are structured as flexible credit lines with terms of up to two years. Since 2015, the Romanian lender has been part of the fintech company EcoFinance.
CreditPrime Moldova
The Moldovan lender “CreditPrime Moldova” (ECOFINANCE TECHNOLOGIES LLC) operates in a similar segment, providing personal loans to borrowers in Moldova. These are also primarily credit lines, but with terms of up to five years. CreditPrime Moldova has likewise been part of the financial service provider EcoFinance since 2015.
Abele Finance
The third lender available on Nectaro is Abele Finance. This company exclusively provides business loans within the EcoFinance group. Investments in Abele Finance are secured by a business loan issued to one of the group’s companies.
Currently, Abele Finance’s portfolio includes the following companies:
- CreditPrime Romania and CreditPrime Moldova: The consumer credit companies described above, providing personal loans in Romania and Moldova, respectively.
- Warm Cash Lending Corp.: A consumer credit company offering short-term installment loans with flexible repayment options of up to six months, distributed via the Honey Loan platform.
- Dyninno Fintech Holding Limited (DFHL): A holding company operating fintech businesses under the EcoFinance brand and providing technology-driven financial solutions across multiple markets.
- Dyninno Technologies (Dynatech SIA): A company supporting the various divisions of the Dyninno Group in over 50 countries (fintech, travel, entertainment, etc.).
It is important to note that the EcoFinance holding company Dyninno Fintech Holding Limited (DFHL), which is the parent company of all the above entities (except Dynatech and DFHL itself), has issued a guarantee for the repayment of all business loans. This guarantee has always been honored to date.
Costs and Fees
Retail investors can register with Nectaro for free. There are no costs or hidden fees for investing in P2P loans on the Latvian P2P marketplace. Not only is investing free on Nectaro, but deposits and withdrawals on the platform are also free of charge.
Expected Return
Across all P2P platforms, the expected return on Nectaro is above average. This is partly due to the competitive interest rates, which can vary depending on the loan originator and market conditions. The range is often between 9% and 14%. In addition, there are regular bonus and cashback campaigns that allow investors to further increase their expected returns.
On the other hand, there have been no repayment difficulties or defaults at the lender level so far. Therefore, an expected return in the low double-digit range is realistically achievable.
The investment portfolio of re:think P2P Lending, driven by an active investment strategy designed to take advantage of the various bonus campaigns, has achieved a total return of 17.5% since March 2025.
Auto Invest
On the Nectaro platform, investors can invest in P2P loans either manually or via the Auto Invest feature. With Auto Invest, specific investment criteria are set in advance. As long as there are available funds in the account, these are automatically invested in loans that meet the pre-defined criteria.
With the Nectaro Auto Invest, investors can currently set the following parameters:
- Borrower Country: Moldova (P,B*), Romania (P,B*), Cyprus (B*), Philippines (B*)
- Loan Term: 0 to 60 months
- Interest Rate: 11% to 15%
- Investment Amount: Minimum of EUR 50
*P (private consumer loans), B (business loans)
For manual investing, the minimum investment amount is also EUR 50.
Buyback Guarantee
Nectaro offers a buyback guarantee, which is common on many other P2P platforms as well. This means that if a borrower fails to make a payment on time, the lender is obligated to repurchase the loan after 60 days of payment delay.
This feature is also referred to as the “Buyback Guarantee” and covers both the principal and all accrued interest. So far, the buyback guarantee on Nectaro has always been honored.
Secondary Market
Currently, Nectaro does not offer a secondary market or any other early-exit option to sell loan investments before maturity. Investors are therefore committed to the full term of the loans they invest in.
Nectaro Forum
The P2P lending industry is a fast-moving environment. Hence, make sure to stay on top of all relevant information by subscribing to my channels on Telegram or WhatsApp. This way, you will always receive the latest information from the P2P industry, including platform news regarding Nectaro.
Nectaro Taxes
In general, interest income generated by loan financing is considered investment income and must be reported as such in the tax declaration. After obtaining the investment brokerage firm license in 2023, Nectaro is now legally required to also withhold taxes on interest income that is collected through regulated financial instruments.
The applied tax rate is based on the country of tax residency and the tax information that are submitted.
- 20% for investors from Latvia
- 20% for investors outside the EU or EEA
- 5% for investors with residency in the EU or EEA (except Latvia)
- 0% for investors from Lithuania (tax certificate required)
- 0% for legal entities
As a rule, the withheld withholding taxes can be deducted from the total tax liability in the country of residence. This means that the effective tax rate remains the same as with the previous investment in claim rights. The key factor for deductibility is the relevant double taxation agreement between Latvia and the country of residence.
Currently, there is no automated option to generate a tax report. However, investors can request a tax report via email at support@nectaro.eu.
Nectaro Risks
Investors should carefully assess potential risk factors when evaluating a P2P platform and weigh them before making an investment. What should be considered in the case of Nectaro? Where are the risks, and how should they be evaluated?
In general, investors should consider three different risk levels: The potential bankruptcy of the P2P platform, the insolvency of a loan originator, and the default risk of the borrower.
Platform Risk
The P2P platform, operated by SIA Nectaro, has held an investment firm license since March 29, 2023, issued by the Latvian central bank. As a result, the platform is subject to the regulations of the MiFID II financial market directive.
As a result, investors’ accounts are protected by the Latvian investor compensation system for up to EUR 20,000 in the event of the platform’s insolvency or misappropriation of investor funds. However, potential defaults by loan originators are not covered by this protection.
Interestingly, Nectaro took care of obtaining proper licensing (granted in March 2023) even before starting its operational activities in October 2023. This approach highlights the platform’s compliance, as it adheres to the market’s rules instead of establishing its business in a more regulation-friendly environment.
Lender Risk
Nectaro collaborates exclusively with loan originators that are part of its parent company, Dyninno Group. Among them are the CreditPrime brands from Romania and Moldova, two lenders that have been active since 2015 and thus have reached a certain level of market maturity.
However, due to regulatory requirements, Nectaro must conduct thorough onboarding and due diligence procedures. The assessment of loan originators consists of several steps, including:
- Financial analysis
- Analysis of portfolio quality, internal risk assessment, and debt collection
- Review of the business model and business plan
- AML screening (for the company itself and its handling of customers)
- Management team
- Market risks
As an investor, it is advisable to assess the financial viability and portfolio performance of the loan originator independently. In this regard, the annual financial statements of the loan originators published on Nectaro should be carefully reviewed. Below is a tabular overview of the current financial figures for each loan originator.
| Loan Originator | Year | Audited | Profit | ROA | Equity Ratio | Debt | Liquidity | Impairments | Score |
|---|---|---|---|---|---|---|---|---|---|
| Abele Finance | 2024 | Unaudited | EUR 1K | 19,9% | 4,02 | 1,25 | 40 | ||
| CreditPrime (MD) | 2024 | Crowe | EUR 869K | 11,8% | 22,1% | 3,52 | 54 | ||
| CreditPrime (RO) | 2024 | Forvis Mazars | EUR 2,2M | 23,1% | 34,4% | 1,91 | 3,05 | 9,8% | 86 |
You can check out the lender overview and comparison page to learn more about the applied KPIs and their interpretation.
Borrower Risk
The non-performing loans at Nectaro depend on credit market, product type, and risk policy. The available data indicates a default rate range between 7% and 20%.
- Romania (RO): 8% to 9%
- Moldova (MD): 6.92%
- Philippines (PH): 20%
The borrower default risk at Nectaro is mitigated through the implementation of a buyback guarantee. With this mechanism, loans are automatically repurchased by the lender once they are more than 60 days overdue. Accrued interest is also reimbursed.
The sustainability of the buyback guarantee largely depends on the financial performance of the issuer, which is why it makes sense to take a closer look at the performance of the loan originators.
So far, the buyback guarantee on Nectaro has always been honored.
Recovery
A large portion of the defaulted loans is handled internally to ensure greater efficiency and direct control. However, complex and high-risk cases are outsourced and sold to external agencies. The discount rates depend on the loan market and are also influenced by the portfolio quality, recovery potential, and legal framework.
Nectaro consistently retains a representative sample of both internally managed and outsourced cases to monitor market trends, conduct performance comparisons, and track the impact of internal process changes.
Advantages and Disadvantages
In this section, I have listed the biggest advantages and disadvantages of Nectaro.
Advantages
- Dyninno Group: The P2P platform is supported by a large and established corporate group.
- Regulation: The platform has been supervised by the Latvian financial regulator since 2023.
- Performance: No payment defaults and a 0% default ratio.
- Transparency: Publication of financial statements and disclosure of loan originator KPIs.
- Auto Invest: Automated option to invest in loans on the platform.
- Return: Competitive interest rates of up to 15%.
Disadvantages
- Track Record: Nectaro has only been operating since October 2023 (< 3 years).
- Secondary Market: No option to sell loans before maturity.
Nectaro Alternatives
Which Nectaro alternatives can be found in the P2P lending space? Here’s a brief overview.
Mintos
With more than EUR 600 million in managed investor funds and more than 500,000 registered users, Mintos is the largest P2P lending platform in Europe. The Latvian P2P marketplace offers a wide range of loans as well as other investment classes, including assets like ETFs, bonds, and real estate. In contrast, Nectaro focuses exclusively on investment opportunities from affiliated loan originators. More details can be found in my Mintos review.
Viainvest
Similar to Nectaro, Mintos, and Debitum, Viainvest is also a Latvia-based P2P platform regulated by the Latvian financial authority. However, the similarities with Nectaro go beyond legal and regulatory aspects. Just as the Dyninno Group steers Nectaro, Viainvest is largely influenced by its parent company, VIA SMS Group. Additionally, both platforms focus primarily on unsecured consumer loans. More details on this Nectaro alternative can be found in my Viainvest review.
Debitum Investments
Debitum Investments (formerly Debitum Network) is a P2P marketplace based in Latvia and regulated by the local financial supervisory authority. What makes Debitum special is its unique positioning in the P2P lending environment, as it is regulated, follows a marketplace model and offers buyback-secured business loans. A combination that cannot be found in this particular form on any other P2P platform. Additional information can be found in my Debitum review.
You can find other Nectaro alternatives on the P2P Platform Comparison page.
Nectaro Community Feedback
Nectaro took part in the annual P2P Community Voting for the first time in 2025. In its debut, 84 ratings resulted in a score of 3.38. This earned the platform 8th place out of 30 P2P platforms. An impressive result for the Latvian P2P newcomer.
The Top 5 P2P platforms in 2025 were Viainvest, Debitum, Mintos, Swaper, and Income Marketplace.
Summary Nectaro Review 2026
What is the conclusion of my Nectaro review? Is it worth investing?
Since 2023, Nectaro has emerged as a promising alternative in the P2P lending space, meeting all the conditions for long-term success. It is a regulated P2P marketplace, which is supervised by the Latvian financial authority, offering competitive interest rates of up to 15%, profitable loan originators, and strong corporate backing.
Across all P2P platforms, Nectaro offers an above-average return potential.
This is due to the attractive interest rates and regular bonus campaigns, as well as the strong performance of the lending companies. Since there have been no repayment difficulties or defaults at the lender level so far, investors have consistently achieved double-digit returns on the platform since 2023.
Considering further growth and additional asset classes, the return profile on Nectaro may slightly decline in the future.
On the risk-side, investors should take into account the comparable young market maturity (< 3 years), the absence of a secondary market for higher liquidity, and the lack of transparency regarding the group guarantee issued for Abele Finance.
Aside from that, Nectaro offers an attractive overall package in the current P2P lending market. For this reason, I have also been actively investing on the platform since March 2025. My total return after 12 months is 17.51%.
FAQ Nectaro Review
Nectaro is a Latvian P2P platform operational since October 2023, where investors can invest in buyback-secured loans with returns of up to 15%. The platform is owned by the DYNINNO Group, a US-based company operating in more than 50 countries.
Interest rates typically range between 9% and 15% depending on the loan originator, with additional regular bonus and cashback campaigns available. My personal total return after 12 months stands at 17.51%, achieved by actively taking advantage of the available campaigns.
Yes. Nectaro has been regulated by the Latvian financial authority (FCMC) under MiFID II since March 2023. Investor funds are protected up to €20,000 in case of platform insolvency. Loan originator defaults are not covered by this protection.
Yes. If a borrower falls more than 60 days behind on payments, the loan originator is obliged to repurchase the loan including all accrued interest. The buyback guarantee has been upheld on Nectaro without exception so far.
No. There is currently neither a secondary market nor any other early exit option on Nectaro. Investors are bound to the full term of their invested loans.
I’m Denny Neidhardt, the founder of re:think P2P. On this blog, I help retail investors make smarter, well-informed investment decisions in the world of P2P lending. Since 2019, I’ve been publishing in-depth analyses, platform reviews, and risk assessments to bring more transparency to this investment space. My goal is to challenge marketing claims, question developments, and empower investors with honest, independent insights.
Need more transparency, too high rate of buyback recently appeared on creditprime!
No secondary market, no party.