Nibble Finance Review

Three Different Funds for Loan Originator Joymoeny

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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 1,000 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 Spain-based company Joymoney that offers small payday loans. The short term loans on Nibble Finance are protected by a 60-day buyback guarantee.

Company:Nibble OÜ/IT Smart Finance Holding
Business:Loan Originator Lending
Founders:Maxim Pashchenko
Operating in:Spain, Mexico & Russia
Products:Short-term loans & Installment loans

Office location in Spain

Table of Contents

Nibble Finance Pros & Cons



Characteristics of Loans

Interest Rates

12  – 14.5 %

Loan Durations

0 – 90 days



Buy-back Guarantee

Minimum Investment ⇙


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 with a buyback guarantee.

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 10 EUR to 500 EUR or, in some cases 1,000 EUR.

All loans on the platform are originated by Joymoney in Spain. Joymoney in Russia and Mexico are still to come and not yet available for investors on the platform. This means that investors at the moment only can choose to invest in loans from Spain.

Nibble currently offers two types of products:

  1. Short term loans up to 500 EUR with a duration of up to 30 days
  2. Installment loans up to 1,000 EUR with a duration of up to 90 days
Loans on Nibble Finance

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:

  • A minimum and maximum amount for loans to be invested in
  • The repayment period of the loan
  • Interest rates and expected returns

Absence of Secondary Market

The Nibble platform does not offer any secondary market where investors can sell or buy loans from other investors on the platform. Additionally, it is not possible for investors to cancel an investment, once the investment portfolio has been created.

The fact that investors cannot sell back loans to the market or cancel investments means that there is no early exit for investors who want to opt-out of a loan on Nibble; instead, they will have to see it through, which is not that long of a period anyways, since the loans are very short term.

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 only make deposits to their Nibble account through Paysera, a Lithuanian company for making rapid and easy money transfers. Therefore, if users do not already have an Paysera account, they will need to create one to deposit funds to their Nibble account.

When you have realized the transfer from your Paysera account to Nibble, the money will appear in our Nibble account within 1-3 business days. As soon as the money enters your Nibble account, you will receive a notification about it, and you can start investing right away.

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

Nibble Finance Tax

Income earned from Nibble is taxed in accordance with the tax laws of the investor’s country.

Nibble Finance FAQ: “What taxes are charged on profits made with Nibble?

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 does not offer any live chat function which allows you to get in touch with their support instantly to find a solution to an urgent problem or simply to get a quick answer to a simple question.

+37 26 99 14 10


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

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

Nibble Finance Competitors

Who can invest on Nibble Finance?

To become a Nibble investor it is enough to reach the age of majority, have a residence in one of the European Union countries and open an account in a European bank. Nibble operates in 30 European countries such as: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and the UK.

Nibble Finance FAQ: “Who Can Become an Investor on Nibble?


Please note that this overview may contain affiliate links. It means that a commission is earned if you decide to invest after using the link – of course without additional costs to you. The information on this site does not constitute investment advice and is solely to give you a simple and easy overview of the platform. Always conduct your due diligence and consult your financial advisor before making any investment decisions.

* Historical return is not a guarantee of future return. The number is reported directly from Nibble Finance that operates the platforms website on the last update of this article: August 4, 2020.