European lending marketplace launches targeting returns of up to 14pc
A new European lending marketplace has launched, offering target returns of up to 14 per cent.
Nectaro enables investors to fund loans through loan-backed securities known as notes.
The platform, which has an investment brokerage firm licence issued by the Bank of Latvia, is owned by Dyninno Group.
Lending companies listed on Nectaro’s website include EcoFinance – which is also owned by Dyninno Group – and CreditPrime’s Romanian and Moldovan entities, which are part of EcoFinance.
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Nectaro calls itself a “next-generation investment platform” and says it was created with both novice and experienced investors in mind.
“Our mission is to humanize investing – with a secure and trustworthy approach,” said Sigita Kotlere (pictured), chief executive and board member of Nectaro.
“Nectaro simplifies the investment process, allowing investors to easily navigate the platform, manage their portfolio, and access investment opportunities with a few clicks. Platform provides a more efficient experience for achieving their long-term financial goals. We truly believe that Nectaro will shape a new investment culture.”
Nectaro has a knowledge academy on its platform, offering accessible information on the advantages and risks of investments, as well as other useful resources, to support its aim of improving financial literacy.
By offering regulated notes to everyday investors, Nectaro will be competing with the likes of Mintos in the European market.
The new platform is targeting annual returns ranging between 10 and 14 per cent. It will also provide an early repayment obligation, known as a buyback obligation, ensuring that investors will get back their funds even if the borrower fails to repay the loan.
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“Our aim developing Nectaro is to offer new investment opportunities to everyone, enhancing their financial well-being through a secure, innovative, and user-friendly approach,” said Dmitry Tsymber, co-founder of the Dyninno Group.
“Nectaro’s foundation is built upon our dedication to our clients and our rich history of delivering exceptional service across the industries that Dyninno operates in. Bundling this with the group’s extensive experience in the financial sector, we are sure that Nectaro will quickly gain investors trust.”
Dyninno, founded in 2004 in San Francisco, is a group of companies providing products and services in the travel, finance and entertainment technology sectors in over 50 countries.
