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 loan originators, and the backing of a large, well-diversified parent company (Dyninno Group). But are these benefits enough to trust the Latvian P2P platform with your money?
In my Nectaro review, I take a detailed look at the business model and risk profile of the platform. Please note that this analysis is based on my personal research. Please make sure to do your own due diligence before investing on Nectaro or any other platform. More information can be found in the Disclaimer.
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.
- 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) |
| Assets Under Management: | EUR 6+ Million (April 2025) |
| Number of Investors: | 6.000+ (April 2025) |
| Expected Return: | Up to 15% |
| Primary Loan Type: | Consumer Loans |
| Collateral: | Buyback Guarantee (60 Days) |
| Bonus: | 1% Cashback | 30 Days |
About Nectaro
Nectaro is a Latvia-based P2P marketplace, which had its operational start in October 2023. On the P2P platform, investors can invest in buyback-guaranteed consumer loans and achieve a return of up to 15%.
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.
The platform is backed by the DYNINNO Group, a US-based company from San Francisco that offers products and services worldwide. The company has been active in the financial sector since 2015. With the launch of Nectaro, the group wants to add an additional source of funding for its affiliated loan originators.
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. I also noticed the scale of the Dyninno Group in Riga, where the company occupied nine floors.
For its financial division, the Dyninno Group established the company “Dyninno Fintech Holding Limited”. This is a private limited liability company founded in Cyprus on October 5, 2015. The company includes both the loan originators in Romania and Moldova as well as the P2P platform Nectaro.
The founding of Nectaro in 2023 was a strategic move to expand the group’s presence in the financial sector, minimize financing costs, and diversify funding sources.
Ownership and Management
To better assess the profile and success prospects of a P2P platform, it is worth taking a closer look at the people behind it. 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.
Currently, a core team of around 15 people works at Nectaro. 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 financial report for 2024, Nectaro earned EUR 72,457 in revenue from commission fees for intermediation services. This fee is charged to the loan originators for providing the funds. According to information from Nectaro, this fee corresponds to the average market price, which is around 2% p.a.
Profitability
In 2024, the first full financial year of SIA Nectaro, the P2P platform recorded a loss of EUR 987,000. This isn’t an unusual development, as stronger investments are required initially to support the platform’s growth. Marketing expenses increased by EUR 280,000 compared to the previous year, and personnel costs also rose by EUR 300,000.
From an investor’s perspective, it’s also important to understand that reaching profitability is not the top priority. As has become clear from the business model, the primary function of the Nectaro platform is to serve as a financing tool for the lending operations of Dyninno Fintech Holding.
A look at the profitability of the parent company reveals that it recorded a profit of USD 3.2 million in 2023 (previous year: USD 5.5 million). The financial report was prepared by PwC and audited in accordance with IFRS standards.
Balance Sheet
The balance sheet of SIA Nectaro, despite the lack of profitability, looks quite solid. The equity ratio stands at a strong 64.5%, the liquidity ratio at 1.97, and the debt ratio at 0.55.
Overall, these are good and healthy KPIs, although they shouldn’t be overestimated given the very small and manageable total balance sheet of just EUR 422,000.
The positive results are also due to the financial support from Dyninno Fintech Holding, which contributed additional EUR 930,000 in share capital. The parent company thus continues to ensure the ongoing operation of the P2P platform for the time being.
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.
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 debt securities composed of small fractions of multiple loans with similar characteristics. These include private and unsecured consumer loans as well as business loans.
Here is an overview of the current loan offerings:
- CreditPrime (RO): The Romanian lender CreditPrime offers investors credit lines with a term of up to two years. The interest rate ranges between 12% and 13.5%. Since 2015, the Romanian lender has been part of the fintech company EcoFinance.
- CreditPrime (MD): The Moldovan lender CreditPrime also offers credit lines, but with a term of up to five years. CreditPrime Moldova has also been part of the financial services provider EcoFinance since 2015.
- Abele Finance (LV): This Latvia-based company was founded in 2024 and finances business loans for the companies of the Dyninno Group. Currently, the company supports lending operations in Cyprus and the Philippines (Honey Loan). Investors can currently expect interest rates between 9% and 11%.
The Romanian loans have a term of up to 24 months, whereas the Moldovan loans can have a term of up to 60 months. The longer loan terms allow investors to secure long-term loans with above-average interest rates.
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 Returns
At Nectaro, loan interest rates can vary depending on the borrower’s country and market conditions. Currently, interest rates range between 9% and 15%. Additionally, there are often attractive cashback campaigns that allow investors to boost their returns.
So far, there have been no defaults on Nectaro, which is why the realistic return expectation should be in the low double-digit range. This corresponds to a risk-adjusted and competitive return.
Auto Invest
On the platform, investors can either manually invest in P2P loans or use the Auto Invest feature. This allows investors to set specific investment criteria in advance, ensuring that loan repayments are automatically reinvested.
With the Nectaro Auto Invest, investors can currently set the following parameters:
- Borrower Country: Moldova, Romania, Cyprus, Philippines
- Loan Term: 9 to 51 months
- Interest Rate: 11% to 15%
- Investment Amount: Minimum of EUR 50
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.
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 | Equity | Equity-Ratio | Debt-to-Equity |
|---|---|---|---|---|---|---|
| CreditPrime (RO) | 2023 | Forvis Mazars | EUR 1,15M | EUR 2,1M | 25,44% | 2,93% |
| CreditPrime (MD) | 2023 | Moore Stephens | EUR 740K | EUR 1,3M | 25,15% | 2,98% |
| Abele Finance |
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 backed by a large and established corporation.
- Regulation: The platform has been supervised by the Latvian financial regulator since 2023.
- Auto Invest: Investors can automate their loan investments on the platform.
- Returns: Interest rates are highly competitive, reaching up to 15%.
- User-Friendliness: A simple and intuitively designed interface.
Disadvantages
- Track Record: Nectaro started operations only in October 2023.
- Secondary Market: There is no opportunity to sell loans prior maturity.
- Transparency: No public figures on the managed portfolio and room for improvement for lender KPIs.
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.
Summary Nectaro Review 2025
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.
However, there are some aspects to consider, such as the still limited diversification among loan originators, the need for improved transparency standards, and the absence of a secondary market. Many of these disadvantages derive from the platform’s lacking track record, being a newcomer in the P2P lending industry.
Especially in times when loan availability on top rated P2P platforms is shrinking and interest rates are declining, Nectaro presents a highly attractive profile in the current market environment. For this reason, I started to invest on the platform myself with EUR 3,000 since March 2025.
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.
No secondary market, no party.