Why investor should choose licenced P2P platforms

Nectaro started to operate in Autumn 2023 operating under-investment brokerage firm (IBF) license issued by the Bank of Latvia. The platform offers investors to invest in Loan notes backed by retail loans issued by Dynnino Fintech companies Ecofinance Moldova and Ecofinance Romania, under the CreditPrime brand.

Sigita, thank you very much for joining us today please, tell us more about Nectaro. Why the company was created and how do you operate?

Nectaro, a part of the DYNINNO Group established in 2004 in San Francisco by Alex Weinstein, benefits from the group's extensive global presence and expertise across various sectors, including finance. (DYNINNO is a group of companies providing products and services in the travel, finance, entertainment, and technology sectors in 50+ countries. Today, 5,100 professionals work in the company around the world.) The creation of Nectaro was a strategic extension of the group's financial sector development. DYNINNO, with its successful track record in lending, found the establishment of an investment platform to be a natural progression in offering a full spectrum of financial services. Our aim was to develop a customer-centric platform. Unlike our counterparts in the investment field, we have crafted a clear positioning that prioritizes the needs of modern investors, particularly Gen Z and millennials. Central to Nectaro's philosophy is the importance of financial education. The platform is designed not just for investment, but to equip users with the knowledge and tools for making sound financial choices. This approach resonates particularly with younger investors, who may be navigating these decisions for the first time. This is our opportunity to improve the existing investment culture and become an industry challenger.

We all know there are options to start an investment platform without getting a license if you do jurisdiction shopping. So why do you decide to choose Latvia and go for a license?

In fact, we believed that operating within an unregulated environment was never a viable option for us. The investment sector is inherently linked to risks, a fact well-known to all. Operating in a regulated environment allows us to minimize these risks and eliminates the uncertainty often associated with unregulated markets. Nectaro’s establishment as a licensed investment platform under the Bank of Latvia’s supervision significantly boosts investor confidence and trust in the services we provide. This licensure not only demonstrates Nectaro's adherence to EU regulations but also signifies a strong commitment to legal and regulatory compliance. 

Furthermore, our regulatory framework is a fundamental aspect of our dedication to investor security