Nibble Finance Review

July 8th, 2020
7 minutes read
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Three Different Funds for Loan Originator Joymoeny

Nibble Finance

Nibble is a peer-to-peer lending platform that offers investors the opportunity to invest in short term loans ranging from a minimum amount of 10 EUR to a maximum amount of 10,000 EUR. Although Nibble is a new platform in the market (founded in 2019), the parent company IT Smart Finance has been in the industry since 2014. The platform offers loans issued by a loan originator within the parent company; the Russian-based company Joymoney that offers small payday loans. The platform offers three different investment strategies to invest in these short-term loans with displayed profits of 9.7% to 19%.

CompanyNibble OÜ/IT Smart Finance Holding
BusinessLoan Originator Lending
FoundersMaxim Pashchenko
Operating inSpain & Russia
ProductsShort-term loans

Nibble Finance Pros & Cons


  • Investments are possible from 10 EUR
  • The platform offers automatic investing
  • Interest rates up to 19 %
  • Loans are available with buyback guarantee


  • All alternative investments with potential for high returns come with high risk
  • The platform does not offer a secondary market
  • Indirect investment structure, hard to evaluate risks

Characteristics of Loans

  • Interest Rates: 9.7 – 19 %
  • Loan Durations: 5 – 30 days
  • Currency: Euro
  • Protection: Buy-back Guarantee
  • Minimum Investment: 10 Euro

Loans offered by Nibble Finance

The P2P lending platform Nibble is launched by the Russian group IT Smart Finance (ITSF). The purpose of the platform is to enable users to invest in non-banking lending products.

Investors on the platform can invest in loans from the loan originator Joymoney who is part of IT Smart Finance holding. The loans are all short term with a low amount varying from as little as 30 EUR to 500 EUR.

All loans on the platform are originated by Joymoney Spain and Russia. In 2020 it was planned to start Joymoney Mexico, but due to COVID pandemic, this plan was shifted to 2021.

Nibble offers three types of portfolio strategy products:

  1. Classic Strategy
  2. Balanced Strategy
  3. Special Strategy
Overview of the Nibble Finance loan marketplace

Buyback Guarantee on Nibble Finance

Loans on Nibble are covered by a buyback guarantee beginning at the 61st day of delay. The buyback guarantee covers both capital and interest which means that not only the remaining principal of the loan but also the accrued interests will be paid back to the investor in case the borrower is late with his/her payment and/or defaults completely.

Even though Nibble provides a buyback guarantee as an element of security for the loans they provide, it is important to be aware of the fact that buyback guarantees are only valuable for investors as long as the loan originators (in this case Joymoney) have no financial problems and are fully functional.

Indirect Investment Structure

In the field of P2P investing, you will come across two different types of peer-to-peer investment structures:

  1. Direct investment structure
  2. Indirect investment structure

If an investment structure is direct, it means that the investors on a platform are buying claims directly against the borrower itself. This is not the case on the Nibble platform, whose investment structure is indirect. All loans on the Nibble platform are issued by the loan originator Joymoney. This ultimately means that investors are obtaining exposure to a specific loan’s cashflow by investing in it through this loan originator, yet we are told by Nibble Finance that in case of defaults the investors have a claim against Nibble Finance, which further complicates the risk evaluation of this platform – as the loan originators are seperate companies from the Nibble platform. This means, that lenders are lending money to the Nibble Finance platform, that then repays according to a loan originated to a borrower that is issued by a loan originator from the same company that owns Nibble Finance.

One of the disadvantages of the indirect investment structure is that it is often less simple and less transparent than the direct investment structure. Consequently, it can be more difficult to evaluate the risks involved in indirect investments, since you are investing or lending out your money through a middleman.

Platform Features

Manual Investing on Nibble Finance

Nibble is a fully automated platform and does not offer manual investing. Investors who register should select a range of criteria based on which the platform automatically will invest in loans that match these established criteria.

Read more about Nibble’s AutoInvest feature below.

Automatic Investing on Nibble’s Platform

The only way of investing on the P2P platform Nibble Finance is through their automatic investment feature which allows investors to rapidly invest in loans that meet their selected investment criteria.

The benefits of Nibble’s AutoInvest tool is that investors can be confident that their money will be reinvested in preferred loan types according to their investment criteria everytime funds become available in their investment account on Nibble. 

When creating your portfolio account on Nibble, you can choose, among other things, the following criteria:

  • Initial amount to invest
  • Investment period
  • Interest rates (Strategy – Classic, Balanced and Special)

Absence of Secondary Market

The Nibble platform does not offer any secondary market due to the fact that it offers portfolio products with defined terms. It is possible to request your portfolio sold to another investor. If the platform does not find an investor within 30 days after your request, they will pay out the full amount minus 3% commission fee for exiting early.

Nice to Know for Investors

Registration Process on Nibble Finance

Registration on Nibble is very easy; you simply enter your name and email address. However, as part of the anti-money laundering initiative (AML) undertaken by the EU, all registered users are required to verify their identity.

Follow these steps to verify your identity on Nibble:

  1. Upload a photo (in colour) that proves your identity, e.g. of your passport, ID card, driver’s license or other
  2. Take a selfie and upload it to the platform (you can do it instantly with your smartphone)
  3. Make sure both photos are uploaded correctly to Nibble’s identification page
  4. When your identity has been verified by Nibble, you can begin investing

Deposit & Withdrawal Process

Investors can deposit to their account with normal bank transfer or credit card. The minimum amount of money you can top up your Nibble account with is 10 EUR and the maximum amount per month is 10,000 EUR. 

Concerning withdrawals, users can always withdraw money that has not yet been invested in any loans using an electronic or traditional bank account. The process of transferring money from your Nibble account to your private account will take between 1-3 business days as long as the transfer will be realized within the Eurozone. If you wish to transfer money to an account outside of the Eurozone, you should expect a little longer transfer period.

Funding Methods for Nibble Finance

  • SEPA Bank Transfer
  • Revolut
  • Wise
  • Currency Fair

Nibble Finance’s Support & Customer Service

Nibble offers a very basic customer service including phone and email support. The website does not provide any office hours for phone calls, nor do they promise an expected response time for email requests.

The platform offers a live chat function which allows you to get in touch with an AI.

+37 26 99 14 10

[email protected]

Aribau 195 3E, Barcelona, Spain, 08021 (office)

Maakri tn 19/2 Tallinn Harjumaa 10145, Estonia (legal)

Nibble Finance Competitors

Stay updated with information and monthly updated statistics on our page about Fellow Finance.


At P2PMarketData we are dedicated to providing unbiased reviews of peer-to-peer lending, real estate crowdfunding and crypto lending platforms. Among other, in our mission to bring more transparency to the market we closely monitor and track over 70 platforms funding volumes.

When reviewing an alternative investment platform, we consider a variety of factors such as:

  • Number of investors
  • Minimum investment requirement
  • Historical annual returns
  • Diversification opportunities
  • Reinvestment opportunities
  • Educational and informational offerings
  • Platform fees
  • Total capital invested
  • Features (such as secondary market and automatic investing)
  • General transparency (the difficulty of finding who the owners are, how they make money on the platform (fees), terms & conditions and more)
  • Management team

We also look into the company’s online reputation (for example customer reviews, news, complaints, average monthly searches and social media).