Nibble Finance Review 2024: No Reason to Invest?

Nibble Finance is a small P2P platform from Estonia. The platform is trying to attract the interest of investors with an expected return of up to 19%.

On this page, investors can find out everything they need to know before exposing themselves to the platform, including the underlying risks. 

All the information covered in this Nibble Finance review are based on my own personal experiences with the platform. Please make sure to do your own due diligence before investing on this or any other platform. More information can be found in the Disclaimer.

Further analyses of other platforms can be found on my P2P Platform Review page.


Nibble Finance Overview

Before we get started, here is a quick summary with the most important information about Nibble Finance.

Founded / Started:2019 / February 2020
Legal Name:OÜ Nibble ITSF (LINK)
Headquarter:Tallinn, Estonia
Regulated:No
CEO:Ivan Sharafiev
Assets Under Management:Not Disclosed
Number of Investors:8.000+
Expected Return:Up to 19%
Primary Loan Type:Consumer Loans
Collateral:Buyback Guarantee
Bonus:No

About Nibble Finance

Nibble-Review-Bonus

Nibble Finance is an Estonian P2P platform, active on the market since February 2020, on which investors can invest in Spanish and Russian consumer loans, while eanring an average return of 14.5% (according to the platform).

The loans offered on Nibble are pre-financed by the non-bank lender Joymoney. This company in turn belongs to the Russian IT Smart Finance Group, which also controls the Nibble Finance platform.

Ownership

Who owns Nibble? Nibble-Finance-Erfahrungen-Maxim-PashchenkoNibble Finance is controlled by the IT Smart Finance Group. Its owner is the Russian Maxim Pashchenko (LINK), about whom relatively little information can be found apart from his social media presence.

On the Nibble blog, investors learn that Maxim founded his first company back in 2007, that he studied engineering in Siberia, that he was trained in finance and economics at the Moscow School of Economics and that he is actively involved in animal welfare and environmental protection.


Business Model & Finances

Throughout the process of due diligence, investors should also have a look at the business model of a P2P platform as well as the overall financial situation. How does the company earn money? Does the platform operate profitably? And how well is the company positioned financially? In the following paragraphs of this Nibble Finance review, you can follow-up on those questions.

Monetization

How does Nibble earn money? Nibble Finance earns its money primarily through fees charged to the lenders represented on the platform. Exact numbers are not disclosed by Nibble Finance.

Profitability

To date, Nibble Finance has not published any annual reports on the financial performance of the P2P platform. Therefore, no statement can be made about its profitability.


Investing on Nibble Finance

How does Nibble Finance work and what should investors know and bear in mind when investing on the P2P lending platform? You will find all the information you need in the following sections.

Loan Offering

Two lenders are represented at Nibble Finance. Firstly, investors can invest in the loan portfolio of Joymoney. This is a lender from Spain, which also belongs to the IT Smart Finance Group.

Secondly, loans can be purchased from Boostr Finance. This lender buys up defaulted loan portfolios and generates income through the corresponding recoveries. This lender is also part of the IT Smart Finance Group.

Costs and Fees

Investors can register and open an account with Nibble Finance free of charge. There are also no costs or hidden fees for depositing, investing and trading P2P loans on Nibble. 

Auto Invest

With Nibble Finance, investors can choose between three different investment strategies: The Classic Strategy, the Legal Strategy and the Balanced Strategy. The three options differ in terms of the expected return, the loan term and the buy-back guarantee option.

Nibble-Finance-Review-Auto-Invest

Nibble Buyback Guarantee

With the Nibble Finance buy-back guarantee, which only applies to the classic investment strategy, the loans are bought back by the lender after 60 days of delay. Both the outstanding repayment and the accrued interest are reimbursed.

Nibble Finance Forum

If you have questions about Nibble Finance, other platforms or different p2p-related topics, you can join the re:think P2P Community on Facebook and engage in discussions with more than 1,000 other private retail investors.

Alternatively, you can also find the latest news and updates on my Telegram channel.


Pros & Cons

In this section I have listed the most important advantages and disadvantages of Nibble Finance.

Advantages

  • IT Smart Finance: The P2P platform belongs to a large and established finance company.
  • Auto Invest: Investors can invest in loans automatically via Nibble Finance.
  • Costs: No costs or hidden fees are charged on Nibble Finance.

Disadvantages

  • Track Record: Nibble Finance is still a very small and inexperienced P2P platform.
  • Transparency: The P2P platform does not share any performance-relevant data for their lenders.
  • Conflicts of Interest: Only loans from the Nibble Finance shareholder company are available.
  • Regulation: The P2P platform is not controlled by any state authority or financial regulator.
  • USP: Nibble Finance has no recognisable USP that sets the platform apart from other competitors.
  • Communication: Not available.

Summary Nibble Finance Review 2024

Nibble Finance is a small P2P platform based in Estonia. The platform is primarily intended to finance the loan portfolios of the two IT Smart Finance lenders (Joymoney and Boostr Finance). So far, Nibble Finance has failed to prove why people should trust their money to the platform.

No information is shared on the development of assets under management and there is also no performance-relevant data available for the lenders. Hence, it seems questionable on what basis investors should make an informed investment decision.

The anonymity of the platform and the low level of communication also raise questions about the serious intentions of the P2P lending platform. The little data communicated on the platform indicates that demand on Nibble Finance appears to be extremely low.

Overall, investors will find much better alternatives in the P2P lending environment.


FAQ Nibble Finance Review

✅ What is Nibble Finance?

Nibble Finance is an Estonian P2P platform, active on the market since February 2020, on which investors can invest in Spanish and Russian consumer loans, while eanring an average return of 14.5% (according to the platform).

✅ Who owns Nibble Finance?

Nibble Finance is controlled by the IT Smart Finance Group. Its owner is the Russian Maxim Pashchenko (LINK), about whom relatively little information can be found apart from his social media presence.

✅ Is Nibble Finance profitable?

To date, Nibble Finance has not published any annual reports on the financial performance of the P2P platform. Therefore, no statement can be made about its profitability.

Hi, ich bin Denny! Seit Januar 2019 schreibe ich auf diesem Blog über meine Erfahrungen beim Investieren in P2P Kredite. Meine Analysen sollen Privatanlegern dabei helfen reflektierte und gut informierte Anlageentscheidungen treffen zu können. Dafür schaue ich mir die Risikoprofile der einzelnen P2P Plattformen an, hinterfrage deren Entwicklungen, teile meine persönlichen Einschätzungen und beobachte übergeordnete Trends aus der Welt des Crowdlendings.    
Mein Bestseller "Geldanlage P2P Kredite" gilt in Fachkreisen als das beste deutschsprachige Finanzbuch zum gleichnamigen Thema. Zudem versammeln sich in der P2P Kredite Community auf Facebook tausende von Privatanlegern, die sich regelmäßig über die Anlageklasse P2P Kredite austauschen. 

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