16700
investors
Nectaro is a Latvian investment platform, licensed since March 2023 by the Bank of Latvia as an investment brokerage (licence 27-55/2023/3) and open to investors across much of the EEA from EUR 50.
It sells Notes - small bonds with their own ISIN codes - that pass through the repayments of consumer loans made in Romania and Moldova under the CreditPrime brand, and business loans in Latvia, at advertised rates of roughly 11-14.5% over terms of one to five years.
Everything sits inside one corporate family: Nectaro, its note-issuing companies and every lending company belong to the Dyninno group, a privately held, Cyprus-headquartered business - and at the end of 2025 about two-thirds of the money invested was funding loans to the group's own parent and affiliates rather than to consumers. The Notes are unsecured, issued by companies with EUR 2,800 of capital, with no guarantee from anyone; the main protection is a promise by each lending company to buy back loans that fall more than 60 days behind.
Uninvested cash and your securities are kept separate from the platform's own assets under its licence, with compensation of 90% up to EUR 20,000 if Nectaro itself fails - but nothing covers the notes losing value.
There is no secondary market, so money is locked to maturity.
The platform charges investors no fees and earns 3.9% a year from the lending companies; 5% Latvian tax is withheld from most EU investors' interest.
About EUR 72 million has been raised since the October 2023 launch by around 16,700 registered investors, and no investor has lost money so far.
License / Regulation: MiFID II investment firm, Bank of Latvia; not ECSPR | Licence 27-55/2023/3 |
There is no selection between competing lenders - every lending company on Nectaro belongs to its own corporate group, so onboarding means the group deciding to fund itself through its own platform. Nectaro says it actively monitors the lenders' finances and operations, but publishes no methodology, criteria or limits, and its prospectus concedes that much of its monitoring information comes from the very related parties being monitored. Loans are bundled by the lenders into Series of Notes; individual borrowers are never identified. One mitigant: on the Latvian programme the lender keeps 5% of each loan as skin in the game - which also means the buyback there covers only 95% of principal.
The board chairman, Dmitrijs Cimbers (Dmitry Tsymber), co-founded the Dyninno fintech group and owns about 22% of it - meaning he sits on both sides of every deal listed. CEO Sigita Kotlere, formerly of Mintos, has led the platform since 2022; a compliance-focused board member from BluOr Bank joined in May 2025 after his predecessor departed. The ultimate owner is Alex Weinstein, the US founder of the wider Dyninno group (travel, fintech and entertainment, 5,000-plus staff). The platform employs about 17 people, its accounts are audited with clean opinions (BDO), and board members hold three to five overlapping group positions - disclosed in the prospectus as a management-overlap risk.
The core mechanism is the buyback: if a borrower falls more than 60 days behind, the lending company must repurchase the loan on day 61 at outstanding principal plus interest (95% of principal on the Latvian programme). That works as long as each lender stays solvent - and they are thinly capitalised private companies in the platform's own group: the Latvian lender was founded in 2024, files unaudited small-company accounts, and had about EUR 0.75 million of capital behind EUR 12.9 million of exposure at end-2025. If a buyback fails, the notes are unsecured, the issuers own nothing, and there is no guarantor - the prospectus itself warns an insolvency could even override creditor priority.
Nothing, directly: registration, deposits, investing, withdrawals, statements and account closing are all free, and the key information document confirms zero platform charges - this is genuine. Nectaro earns 3.9% a year from the lending companies instead. Your real deduction is tax: Latvia withholds 5% from interest for EU/EEA private investors (activated by confirming tax details in settings - do it, or more is taken), 0% for Lithuanians with a certificate, and 20% otherwise per the FAQ - though Latvia's rate rose to 25.5% in 2025 and the FAQ may be out of date. On a 13.04% rate, an EU investor keeps roughly 12.4% before home tax.
No regulatory action, sanction or investor loss exists - but the record is not spotless. Trustpilot stands at about 3.3 from 35 reviews (August 2026), down from 3.9 earlier, with roughly a third of reviews negative: documented themes include months-long identity-verification delays with unresponsive support, withdrawal-unavailable errors needing support intervention, repayments taking a week or more to become withdrawable, and a secondary market promised for 2026 and now pushed to early 2027. In February 2026 an investor publicly flagged a rising rate of buybacks on the CreditPrime loans - a possible early sign of credit strain. Two facts Nectaro itself never mentions belong here: the licensed legal entity was previously DoFinance, a Latvian platform that froze investor payouts in March 2020 (ownership changed in 2023, before the rename); and a sister lender in the same group, EcoFinance Russia, was suspended on Mintos in 2022 and still owed those investors EUR 1.3 million as at August 2026, with repayments scheduled into 2027.
All three lenders belong to Dyninno Fintech Holding, the same group that owns Nectaro, so there is no outside counterparty anywhere in the chain. CreditPrime Romania, legally Ecofinance IFN, is the strongest. It runs revolving credit lines for Romanian consumers, made a profit of about EUR 3.6 million in 2025, funds roughly forty-two percent of its balance sheet with its own capital and is audited by Forvis Mazars. About eighteen percent of its loans are non-performing, which is normal for the product. CreditPrime Moldova, legally Ecofinance Technologies, earned about EUR 657,000, funds around sixteen percent of its own book and is audited by Crowe, but its bad-loan rate near twenty-eight percent and weak liquidity make it clearly the weaker of the two. Abele Finance is a different animal: a Latvian company that lends only to other Dyninno businesses, so it is really an internal funding vehicle rather than a lender to the public. It lost about EUR 114,000 in 2025, funds only about three percent of its balance sheet with its own money, and its accounts are reviewed rather than fully audited. Dyninno says it guarantees Abele's loans, but no contract has been published.
The key information document rates the product 5 out of 7 for risk and models outcomes for EUR 1,000 held to maturity: EUR 820 back in the stress case (a loss of 18% a year) and merely break-even in the unfavourable one, against EUR 1,120 in the favourable case. The homepage's 'up to 14% passive income' and the statistics page's '0.0% loss' are both true today and both incomplete; the risk document is the honest companion piece.
A lender in the same group, Ecofin Russia, fell behind on payments to Mintos investors in 2022. That debt has not been written off and it is being repaid. As at 31 July 2026, €1.3 million was still outstanding.
The Russian entity, EF Ru, is paying €102,000 a month under a schedule agreed with Mintos. On that pace, the final payment falls due in August 2027.
The €102,000 is not a choice of pace. Russian rules cap transfers to a foreign company at 10 million roubles per payment, so that is the most that can legally leave the country in a month. The speed of repayment is set by that limit rather than by what Ecofin can afford.
Two things to hold in mind. The money has not all arrived yet: this is a plan running to August 2027, and it depends on those transfer rules staying as they are. But it is being serviced every month, which is a materially better position than when the arrears first appeared. The figures above come from the group; Mintos publishes its own recovery updates, which are worth checking against them.
