Nectaro

Launched in November 2023, Nectaro is a Latvia-based digital lending platform under Dyninno Fintech Holding Ltd, a Cyprus-incorporated company. It connects investors with borrowers in Moldova and Romania through personal loans issued by CreditPrime, the trading name of EcoFinance, a Dyninno subsidiary. Recently, Nectaro added Abele Finance, another Dyninno-affiliated loan originator, providing access to business loans in Cyprus and the Philippines. Its debt investment products are structured as a “series of notes”. The platform is licensed and regulated by the Central Bank of Latvia as an investment firm. Only EEA residents and companies can invest on the platform. Since its inception, Nectaro has attracted over 6,090 registered users and facilitated more than €13.43 million, averaging a monthly volume of €1.08 million.^[1]

• Nectaro connects lenders to borrowers in Moldova, Romania, Cyprus, and the Philippines through personal and business loans originated by platform-affiliated loan originators. 
• The platform offers structured debt investment products in a “series of notes”, starting at a minimum of €50. 
• Loan durations range from 11 months to 4 years, with interest rates ranging from 12.5% to 15%. 
• Nectaro provides a buyback guarantee on loans, which entails the platform’s obligation for early repayment if a borrower delays payment for up to 60 days.

Nectaro connects investors with EcoFinance-issued loans, underwritten through CreditPrime, a loan originator offering access to the personal loans market in Moldova and Romania. The platform also recently introduced Abele Finance, a subsidiary of its holding company, providing business loans in Cyprus and the Philippines. Investors enter loan agreements with Nectaro, which acts as a lender to affiliated loan originators. Operating as a digital lending platform, Nectaro bridges its investor community with loan originators within the Dyninno Fintech Holding Ltd. group.^[2]

Investors can choose from a variety of debt products packaged as "Series of Notes" consisting of aggregated loans. These offerings are debt instruments linked with personal and business loans,^[3] which are structured as amortized loans with a monthly repayment schedule.^[4] The minimum investment is €50, with loan durations spanning 11 months to 4 years across the active campaigns. The investments range from €617 to €43,760.

Nectaro provides a buyback guarantee on the loans, which entails an early repayment obligation. If a borrower delays payment for up to 60 days, Nectaro’s loan originators will repurchase the investment on the 61st day.^[5] Investors have no direct legal ties to borrowers, as they lend money to subsidiaries of the holding company, which are Nectaro’s loan originators. Financial institutions controlled by Dyninno Fintech Holding Ltd hold the loan contracts and collateral, preventing investors from making direct claims against borrowers. The platform does not offer a secondary market for exiting investments early.

Nectaro is providing an auto-invest feature to queue new investments. However, this feature is available only to users who have successfully completed the Suitability and Appropriateness assessment.^[6]

The platform applies different withholding tax rates based on the investor’s country of tax residence. Lenders from Latvia incur a 20% withholding tax rate, while for EU/EEA country residents, a 5% withholding tax rate on interest income, is automatically deducted from their accounts. Lenders residing in Lithuania benefit from a 0% withholding tax rate.^[7]

Nectaro offers interest rates between 12.5% and 15%. Since its launch, the platform has paid over €311,387 in interest to investors. Nectaro reports that 6.38% to 8.36% of loans had late payments of 1-15 days, 1.07% to 2.7% had delays of 16-30 days, and 1.22% to 3.16% faced delays of 31-60 days. No loans have been reported as defaulted to date.^[8]

The platform does not directly apply fees to investors. Since loan agreements are established between the loan originators and the borrowers, the platform does not provide information regarding borrower fees. Nectaro primarily earns revenue through service fees. Considering that loan agreements are facilitated by loan originators within the group, it is reasonable to infer that the platform profits from the spread.

Dmitry Tsymber is the Founder and Chairman of Nectaro. Before leading Nectaro, Tsymber served as the CEO and Board Member of FORUS Bank. He also established and chairs EcoFinance, which serves as Nectaro’s loan originator. Alongside him is Sigita Kotlere, who serves as the CEO at Nectaro. Previously, she held the position of Platform Lead at Dyninno Group and worked as a Partnership Executive at Mintos. Kotlere’s experience extends to private banking and retail client servicing from her tenure as a private banker and Head of Retail Client Servicing at BluOr Bank. Anna Berezovska holds the position of Chief Compliance Officer at Nectaro. Berezovska was previously at Debitum, where she held various key roles such as Lawyer, Compliance Officer, and Data Protection Officer.

Nectaro is incorporated as SIA Nectaro in Latvia. The company is 100% owned by Dyninno Fintech Holding Limited, a holding company incorporated in Cyprus. Dyninno is a group of companies founded in 2004 in San Francisco by Alex Weinstein.^[9]

Nectaro recently expanded to Cyprus and the Philippines via a partnership with Abele Finance and Honey Loan, an online platform for borrowers under EcoFinance. In just six months, Honey Loan has built a strong customer base and surpassed €1 million in its portfolio. This implementation provides investors access to the fast-growing Southeast Asian market.^[10]

Nectaro has yet to disclose its financial reports, while EcoFinance, since its establishment, has issued more than €438 million worth of loans and is currently managing a loan portfolio of €31 million.^[11]

1. P2PMarketdata: “Nectaro - Statistics”
2. Dyninno: “Business Divisions - EcoFinance”
3. Nectaro: “FAQ - What investments Nectaro provides?”
4. Nectaro: “Manual investments”
5. Nectaro: “FAQ - Do you offer a buyback obligation, and how does it work?”
6. Nectaro: “FAQ - Is Auto-Invest available for all Nectaro users?”
7. Nectaro: “FAQ - What is the withholding tax rate?”
8. Nectaro: “Performance Statistics”
9. Dyninno: “About”
10. Nectaro: “Blog: Nectaro Expands: New Investment Opportunities in the Philippines from Abele Finance”
11. Dyninno: “Divisions - EcoFinance”

Launched in November 2023, Nectaro is a Latvia-based digital lending platform under Dyninno Fintech Holding Ltd, a Cyprus-incorporated company. It connects investors with borrowers in Moldova and Romania through personal loans issued by CreditPrime, the trading name of EcoFinance, a Dyninno subsidiary. Recently, Nectaro added Abele Finance, another Dyninno-affiliated loan originator, providing access to business loans in Cyprus and the Philippines. Its debt investment products are structured as a “series of notes”. The platform is licensed and regulated by the Central Bank of Latvia as an investment firm. Only EEA residents and companies can invest on the platform. Since its inception, Nectaro has attracted over 6,090 registered users and facilitated more than €13.43 million, averaging a monthly volume of €1.08 million.^[1]

• Nectaro connects lenders to borrowers in Moldova, Romania, Cyprus, and the Philippines through personal and business loans originated by platform-affiliated loan originators. 
• The platform offers structured debt investment products in a “series of notes”, starting at a minimum of €50. 
• Loan durations range from 11 months to 4 years, with interest rates ranging from 12.5% to 15%. 
• Nectaro provides a buyback guarantee on loans, which entails the platform’s obligation for early repayment if a borrower delays payment for up to 60 days.

Nectaro connects investors with EcoFinance-issued loans, underwritten through CreditPrime, a loan originator offering access to the personal loans market in Moldova and Romania. The platform also recently introduced Abele Finance, a subsidiary of its holding company, providing business loans in Cyprus and the Philippines. Investors enter loan agreements with Nectaro, which acts as a lender to affiliated loan originators. Operating as a digital lending platform, Nectaro bridges its investor community with loan originators within the Dyninno Fintech Holding Ltd. group.^[2]

Investors can choose from a variety of debt products packaged as "Series of Notes" consisting of aggregated loans. These offerings are debt instruments linked with personal and business loans,^[3] which are structured as amortized loans with a monthly repayment schedule.^[4] The minimum investment is €50, with loan durations spanning 11 months to 4 years across the active campaigns. The investments range from €617 to €43,760.

Nectaro provides a buyback guarantee on the loans, which entails an early repayment obligation. If a borrower delays payment for up to 60 days, Nectaro’s loan originators will repurchase the investment on the 61st day.^[5] Investors have no direct legal ties to borrowers, as they lend money to subsidiaries of the holding company, which are Nectaro’s loan originators. Financial institutions controlled by Dyninno Fintech Holding Ltd hold the loan contracts and collateral, preventing investors from making direct claims against borrowers. The platform does not offer a secondary market for exiting investments early.

Nectaro is providing an auto-invest feature to queue new investments. However, this feature is available only to users who have successfully completed the Suitability and Appropriateness assessment.^[6]

The platform applies different withholding tax rates based on the investor’s country of tax residence. Lenders from Latvia incur a 20% withholding tax rate, while for EU/EEA country residents, a 5% withholding tax rate on interest income, is automatically deducted from their accounts. Lenders residing in Lithuania benefit from a 0% withholding tax rate.^[7]

Nectaro offers interest rates between 12.5% and 15%. Since its launch, the platform has paid over €311,387 in interest to investors. Nectaro reports that 6.38% to 8.36% of loans had late payments of 1-15 days, 1.07% to 2.7% had delays of 16-30 days, and 1.22% to 3.16% faced delays of 31-60 days. No loans have been reported as defaulted to date.^[8]

The platform does not directly apply fees to investors. Since loan agreements are established between the loan originators and the borrowers, the platform does not provide information regarding borrower fees. Nectaro primarily earns revenue through service fees. Considering that loan agreements are facilitated by loan originators within the group, it is reasonable to infer that the platform profits from the spread.

Dmitry Tsymber is the Founder and Chairman of Nectaro. Before leading Nectaro, Tsymber served as the CEO and Board Member of FORUS Bank. He also established and chairs EcoFinance, which serves as Nectaro’s loan originator. Alongside him is Sigita Kotlere, who serves as the CEO at Nectaro. Previously, she held the position of Platform Lead at Dyninno Group and worked as a Partnership Executive at Mintos. Kotlere’s experience extends to private banking and retail client servicing from her tenure as a private banker and Head of Retail Client Servicing at BluOr Bank. Anna Berezovska holds the position of Chief Compliance Officer at Nectaro. Berezovska was previously at Debitum, where she held various key roles such as Lawyer, Compliance Officer, and Data Protection Officer.

Nectaro is incorporated as SIA Nectaro in Latvia. The company is 100% owned by Dyninno Fintech Holding Limited, a holding company incorporated in Cyprus. Dyninno is a group of companies founded in 2004 in San Francisco by Alex Weinstein.^[9]

Nectaro recently expanded to Cyprus and the Philippines via a partnership with Abele Finance and Honey Loan, an online platform for borrowers under EcoFinance. In just six months, Honey Loan has built a strong customer base and surpassed €1 million in its portfolio. This implementation provides investors access to the fast-growing Southeast Asian market.^[10]

Nectaro has yet to disclose its financial reports, while EcoFinance, since its establishment, has issued more than €438 million worth of loans and is currently managing a loan portfolio of €31 million.^[11]

1. P2PMarketdata: “Nectaro - Statistics”
2. Dyninno: “Business Divisions - EcoFinance”
3. Nectaro: “FAQ - What investments Nectaro provides?”
4. Nectaro: “Manual investments”
5. Nectaro: “FAQ - Do you offer a buyback obligation, and how does it work?”
6. Nectaro: “FAQ - Is Auto-Invest available for all Nectaro users?”
7. Nectaro: “FAQ - What is the withholding tax rate?”
8. Nectaro: “Performance Statistics”
9. Dyninno: “About”
10. Nectaro: “Blog: Nectaro Expands: New Investment Opportunities in the Philippines from Abele Finance”
11. Dyninno: “Divisions - EcoFinance”

Launched in November 2023, Nectaro is a Latvia-based digital lending platform under Dyninno Fintech Holding Ltd, a Cyprus-incorporated company. It connects investors with borrowers in Moldova and Romania through personal loans issued by CreditPrime, the trading name of EcoFinance, a Dyninno subsidiary. Recently, Nectaro added Abele Finance, another Dyninno-affiliated loan originator, providing access to business loans in Cyprus and the Philippines. Its debt investment products are structured as a “series of notes”. The platform is licensed and regulated by the Central Bank of Latvia as an investment firm. Only EEA residents and companies can invest on the platform. Since its inception, Nectaro has attracted over 6,090 registered users and facilitated more than €13.43 million, averaging a monthly volume of €1.08 million.^[1]

• Nectaro connects lenders to borrowers in Moldova, Romania, Cyprus, and the Philippines through personal and business loans originated by platform-affiliated loan originators. 
• The platform offers structured debt investment products in a “series of notes”, starting at a minimum of €50. 
• Loan durations range from 11 months to 4 years, with interest rates ranging from 12.5% to 15%. 
• Nectaro provides a buyback guarantee on loans, which entails the platform’s obligation for early repayment if a borrower delays payment for up to 60 days.

Nectaro connects investors with EcoFinance-issued loans, underwritten through CreditPrime, a loan originator offering access to the personal loans market in Moldova and Romania. The platform also recently introduced Abele Finance, a subsidiary of its holding company, providing business loans in Cyprus and the Philippines. Investors enter loan agreements with Nectaro, which acts as a lender to affiliated loan originators. Operating as a digital lending platform, Nectaro bridges its investor community with loan originators within the Dyninno Fintech Holding Ltd. group.^[2]

Investors can choose from a variety of debt products packaged as "Series of Notes" consisting of aggregated loans. These offerings are debt instruments linked with personal and business loans,^[3] which are structured as amortized loans with a monthly repayment schedule.^[4] The minimum investment is €50, with loan durations spanning 11 months to 4 years across the active campaigns. The investments range from €617 to €43,760.

Nectaro provides a buyback guarantee on the loans, which entails an early repayment obligation. If a borrower delays payment for up to 60 days, Nectaro’s loan originators will repurchase the investment on the 61st day.^[5] Investors have no direct legal ties to borrowers, as they lend money to subsidiaries of the holding company, which are Nectaro’s loan originators. Financial institutions controlled by Dyninno Fintech Holding Ltd hold the loan contracts and collateral, preventing investors from making direct claims against borrowers. The platform does not offer a secondary market for exiting investments early.

Nectaro is providing an auto-invest feature to queue new investments. However, this feature is available only to users who have successfully completed the Suitability and Appropriateness assessment.^[6]

The platform applies different withholding tax rates based on the investor’s country of tax residence. Lenders from Latvia incur a 20% withholding tax rate, while for EU/EEA country residents, a 5% withholding tax rate on interest income, is automatically deducted from their accounts. Lenders residing in Lithuania benefit from a 0% withholding tax rate.^[7]

Nectaro offers interest rates between 12.5% and 15%. Since its launch, the platform has paid over €311,387 in interest to investors. Nectaro reports that 6.38% to 8.36% of loans had late payments of 1-15 days, 1.07% to 2.7% had delays of 16-30 days, and 1.22% to 3.16% faced delays of 31-60 days. No loans have been reported as defaulted to date.^[8]

The platform does not directly apply fees to investors. Since loan agreements are established between the loan originators and the borrowers, the platform does not provide information regarding borrower fees. Nectaro primarily earns revenue through service fees. Considering that loan agreements are facilitated by loan originators within the group, it is reasonable to infer that the platform profits from the spread.

Dmitry Tsymber is the Founder and Chairman of Nectaro. Before leading Nectaro, Tsymber served as the CEO and Board Member of FORUS Bank. He also established and chairs EcoFinance, which serves as Nectaro’s loan originator. Alongside him is Sigita Kotlere, who serves as the CEO at Nectaro. Previously, she held the position of Platform Lead at Dyninno Group and worked as a Partnership Executive at Mintos. Kotlere’s experience extends to private banking and retail client servicing from her tenure as a private banker and Head of Retail Client Servicing at BluOr Bank. Anna Berezovska holds the position of Chief Compliance Officer at Nectaro. Berezovska was previously at Debitum, where she held various key roles such as Lawyer, Compliance Officer, and Data Protection Officer.

Nectaro is incorporated as SIA Nectaro in Latvia. The company is 100% owned by Dyninno Fintech Holding Limited, a holding company incorporated in Cyprus. Dyninno is a group of companies founded in 2004 in San Francisco by Alex Weinstein.^[9]

Nectaro recently expanded to Cyprus and the Philippines via a partnership with Abele Finance and Honey Loan, an online platform for borrowers under EcoFinance. In just six months, Honey Loan has built a strong customer base and surpassed €1 million in its portfolio. This implementation provides investors access to the fast-growing Southeast Asian market.^[10]

Nectaro has yet to disclose its financial reports, while EcoFinance, since its establishment, has issued more than €438 million worth of loans and is currently managing a loan portfolio of €31 million.^[11]

1. P2PMarketdata: “Nectaro - Statistics”
2. Dyninno: “Business Divisions - EcoFinance”
3. Nectaro: “FAQ - What investments Nectaro provides?”
4. Nectaro: “Manual investments”
5. Nectaro: “FAQ - Do you offer a buyback obligation, and how does it work?”
6. Nectaro: “FAQ - Is Auto-Invest available for all Nectaro users?”
7. Nectaro: “FAQ - What is the withholding tax rate?”
8. Nectaro: “Performance Statistics”
9. Dyninno: “About”
10. Nectaro: “Blog: Nectaro Expands: New Investment Opportunities in the Philippines from Abele Finance”
11. Dyninno: “Divisions - EcoFinance”

Launched in November 2023, Nectaro is a Latvia-based digital lending platform under Dyninno Fintech Holding Ltd, a Cyprus-incorporated company. It connects investors with borrowers in Moldova and Romania through personal loans issued by CreditPrime, the trading name of EcoFinance, a Dyninno subsidiary. Recently, Nectaro added Abele Finance, another Dyninno-affiliated loan originator, providing access to business loans in Cyprus and the Philippines. Its debt investment products are structured as a “series of notes”. The platform is licensed and regulated by the Central Bank of Latvia as an investment firm. Only EEA residents and companies can invest on the platform. Since its inception, Nectaro has attracted over 6,090 registered users and facilitated more than €13.43 million, averaging a monthly volume of €1.08 million.^[1]

• Nectaro connects lenders to borrowers in Moldova, Romania, Cyprus, and the Philippines through personal and business loans originated by platform-affiliated loan originators. 
• The platform offers structured debt investment products in a “series of notes”, starting at a minimum of €50. 
• Loan durations range from 11 months to 4 years, with interest rates ranging from 12.5% to 15%. 
• Nectaro provides a buyback guarantee on loans, which entails the platform’s obligation for early repayment if a borrower delays payment for up to 60 days.

Nectaro connects investors with EcoFinance-issued loans, underwritten through CreditPrime, a loan originator offering access to the personal loans market in Moldova and Romania. The platform also recently introduced Abele Finance, a subsidiary of its holding company, providing business loans in Cyprus and the Philippines. Investors enter loan agreements with Nectaro, which acts as a lender to affiliated loan originators. Operating as a digital lending platform, Nectaro bridges its investor community with loan originators within the Dyninno Fintech Holding Ltd. group.^[2]

Investors can choose from a variety of debt products packaged as "Series of Notes" consisting of aggregated loans. These offerings are debt instruments linked with personal and business loans,^[3] which are structured as amortized loans with a monthly repayment schedule.^[4] The minimum investment is €50, with loan durations spanning 11 months to 4 years across the active campaigns. The investments range from €617 to €43,760.

Nectaro provides a buyback guarantee on the loans, which entails an early repayment obligation. If a borrower delays payment for up to 60 days, Nectaro’s loan originators will repurchase the investment on the 61st day.^[5] Investors have no direct legal ties to borrowers, as they lend money to subsidiaries of the holding company, which are Nectaro’s loan originators. Financial institutions controlled by Dyninno Fintech Holding Ltd hold the loan contracts and collateral, preventing investors from making direct claims against borrowers. The platform does not offer a secondary market for exiting investments early.

Nectaro is providing an auto-invest feature to queue new investments. However, this feature is available only to users who have successfully completed the Suitability and Appropriateness assessment.^[6]

The platform applies different withholding tax rates based on the investor’s country of tax residence. Lenders from Latvia incur a 20% withholding tax rate, while for EU/EEA country residents, a 5% withholding tax rate on interest income, is automatically deducted from their accounts. Lenders residing in Lithuania benefit from a 0% withholding tax rate.^[7]

Nectaro offers interest rates between 12.5% and 15%. Since its launch, the platform has paid over €311,387 in interest to investors. Nectaro reports that 6.38% to 8.36% of loans had late payments of 1-15 days, 1.07% to 2.7% had delays of 16-30 days, and 1.22% to 3.16% faced delays of 31-60 days. No loans have been reported as defaulted to date.^[8]

The platform does not directly apply fees to investors. Since loan agreements are established between the loan originators and the borrowers, the platform does not provide information regarding borrower fees. Nectaro primarily earns revenue through service fees. Considering that loan agreements are facilitated by loan originators within the group, it is reasonable to infer that the platform profits from the spread.

Dmitry Tsymber is the Founder and Chairman of Nectaro. Before leading Nectaro, Tsymber served as the CEO and Board Member of FORUS Bank. He also established and chairs EcoFinance, which serves as Nectaro’s loan originator. Alongside him is Sigita Kotlere, who serves as the CEO at Nectaro. Previously, she held the position of Platform Lead at Dyninno Group and worked as a Partnership Executive at Mintos. Kotlere’s experience extends to private banking and retail client servicing from her tenure as a private banker and Head of Retail Client Servicing at BluOr Bank. Anna Berezovska holds the position of Chief Compliance Officer at Nectaro. Berezovska was previously at Debitum, where she held various key roles such as Lawyer, Compliance Officer, and Data Protection Officer.

Nectaro is incorporated as SIA Nectaro in Latvia. The company is 100% owned by Dyninno Fintech Holding Limited, a holding company incorporated in Cyprus. Dyninno is a group of companies founded in 2004 in San Francisco by Alex Weinstein.^[9]

Nectaro recently expanded to Cyprus and the Philippines via a partnership with Abele Finance and Honey Loan, an online platform for borrowers under EcoFinance. In just six months, Honey Loan has built a strong customer base and surpassed €1 million in its portfolio. This implementation provides investors access to the fast-growing Southeast Asian market.^[10]

Nectaro has yet to disclose its financial reports, while EcoFinance, since its establishment, has issued more than €438 million worth of loans and is currently managing a loan portfolio of €31 million.^[11]

1. P2PMarketdata: “Nectaro - Statistics”
2. Dyninno: “Business Divisions - EcoFinance”
3. Nectaro: “FAQ - What investments Nectaro provides?”
4. Nectaro: “Manual investments”
5. Nectaro: “FAQ - Do you offer a buyback obligation, and how does it work?”
6. Nectaro: “FAQ - Is Auto-Invest available for all Nectaro users?”
7. Nectaro: “FAQ - What is the withholding tax rate?”
8. Nectaro: “Performance Statistics”
9. Dyninno: “About”
10. Nectaro: “Blog: Nectaro Expands: New Investment Opportunities in the Philippines from Abele Finance”
11. Dyninno: “Divisions - EcoFinance”

Launched in November 2023, Nectaro is a Latvia-based digital lending platform under Dyninno Fintech Holding Ltd, a Cyprus-incorporated company. It connects investors with borrowers in Moldova and Romania through personal loans issued by CreditPrime, the trading name of EcoFinance, a Dyninno subsidiary. Recently, Nectaro added Abele Finance, another Dyninno-affiliated loan originator, providing access to business loans in Cyprus and the Philippines. Its debt investment products are structured as a “series of notes”. The platform is licensed and regulated by the Central Bank of Latvia as an investment firm. Only EEA residents and companies can invest on the platform. Since its inception, Nectaro has attracted over 6,090 registered users and facilitated more than €13.43 million, averaging a monthly volume of €1.08 million.^[1]

• Nectaro connects lenders to borrowers in Moldova, Romania, Cyprus, and the Philippines through personal and business loans originated by platform-affiliated loan originators. 
• The platform offers structured debt investment products in a “series of notes”, starting at a minimum of €50. 
• Loan durations range from 11 months to 4 years, with interest rates ranging from 12.5% to 15%. 
• Nectaro provides a buyback guarantee on loans, which entails the platform’s obligation for early repayment if a borrower delays payment for up to 60 days.

Nectaro connects investors with EcoFinance-issued loans, underwritten through CreditPrime, a loan originator offering access to the personal loans market in Moldova and Romania. The platform also recently introduced Abele Finance, a subsidiary of its holding company, providing business loans in Cyprus and the Philippines. Investors enter loan agreements with Nectaro, which acts as a lender to affiliated loan originators. Operating as a digital lending platform, Nectaro bridges its investor community with loan originators within the Dyninno Fintech Holding Ltd. group.^[2]

Investors can choose from a variety of debt products packaged as "Series of Notes" consisting of aggregated loans. These offerings are debt instruments linked with personal and business loans,^[3] which are structured as amortized loans with a monthly repayment schedule.^[4] The minimum investment is €50, with loan durations spanning 11 months to 4 years across the active campaigns. The investments range from €617 to €43,760.

Nectaro provides a buyback guarantee on the loans, which entails an early repayment obligation. If a borrower delays payment for up to 60 days, Nectaro’s loan originators will repurchase the investment on the 61st day.^[5] Investors have no direct legal ties to borrowers, as they lend money to subsidiaries of the holding company, which are Nectaro’s loan originators. Financial institutions controlled by Dyninno Fintech Holding Ltd hold the loan contracts and collateral, preventing investors from making direct claims against borrowers. The platform does not offer a secondary market for exiting investments early.

Nectaro is providing an auto-invest feature to queue new investments. However, this feature is available only to users who have successfully completed the Suitability and Appropriateness assessment.^[6]

The platform applies different withholding tax rates based on the investor’s country of tax residence. Lenders from Latvia incur a 20% withholding tax rate, while for EU/EEA country residents, a 5% withholding tax rate on interest income, is automatically deducted from their accounts. Lenders residing in Lithuania benefit from a 0% withholding tax rate.^[7]

Nectaro offers interest rates between 12.5% and 15%. Since its launch, the platform has paid over €311,387 in interest to investors. Nectaro reports that 6.38% to 8.36% of loans had late payments of 1-15 days, 1.07% to 2.7% had delays of 16-30 days, and 1.22% to 3.16% faced delays of 31-60 days. No loans have been reported as defaulted to date.^[8]

The platform does not directly apply fees to investors. Since loan agreements are established between the loan originators and the borrowers, the platform does not provide information regarding borrower fees. Nectaro primarily earns revenue through service fees. Considering that loan agreements are facilitated by loan originators within the group, it is reasonable to infer that the platform profits from the spread.

Dmitry Tsymber is the Founder and Chairman of Nectaro. Before leading Nectaro, Tsymber served as the CEO and Board Member of FORUS Bank. He also established and chairs EcoFinance, which serves as Nectaro’s loan originator. Alongside him is Sigita Kotlere, who serves as the CEO at Nectaro. Previously, she held the position of Platform Lead at Dyninno Group and worked as a Partnership Executive at Mintos. Kotlere’s experience extends to private banking and retail client servicing from her tenure as a private banker and Head of Retail Client Servicing at BluOr Bank. Anna Berezovska holds the position of Chief Compliance Officer at Nectaro. Berezovska was previously at Debitum, where she held various key roles such as Lawyer, Compliance Officer, and Data Protection Officer.

Nectaro is incorporated as SIA Nectaro in Latvia. The company is 100% owned by Dyninno Fintech Holding Limited, a holding company incorporated in Cyprus. Dyninno is a group of companies founded in 2004 in San Francisco by Alex Weinstein.^[9]

Nectaro recently expanded to Cyprus and the Philippines via a partnership with Abele Finance and Honey Loan, an online platform for borrowers under EcoFinance. In just six months, Honey Loan has built a strong customer base and surpassed €1 million in its portfolio. This implementation provides investors access to the fast-growing Southeast Asian market.^[10]

Nectaro has yet to disclose its financial reports, while EcoFinance, since its establishment, has issued more than €438 million worth of loans and is currently managing a loan portfolio of €31 million.^[11]

1. P2PMarketdata: “Nectaro - Statistics”
2. Dyninno: “Business Divisions - EcoFinance”
3. Nectaro: “FAQ - What investments Nectaro provides?”
4. Nectaro: “Manual investments”
5. Nectaro: “FAQ - Do you offer a buyback obligation, and how does it work?”
6. Nectaro: “FAQ - Is Auto-Invest available for all Nectaro users?”
7. Nectaro: “FAQ - What is the withholding tax rate?”
8. Nectaro: “Performance Statistics”
9. Dyninno: “About”
10. Nectaro: “Blog: Nectaro Expands: New Investment Opportunities in the Philippines from Abele Finance”
11. Dyninno: “Divisions - EcoFinance”