Nibble Finance Review 2023 – Earn 14.5% Return [Is It legit?]

Do you want to make money with peer-to-peer lending? What platforms are the best for this purpose? Let’s check out a new P2P platform in this Nibble Finance review. 

Nibble Finance is a peer-to-peer platform that is launched under the IT Smart Finance Group. Nibble Finance has a partnership with Joymoney, a company that offers short-term loans from €50 to €500 in Spain and Russia. 

In this review, we’ll check out the platform, the pros, and cons, and will conclude how safe the platform is. 

What Is Nibble Finance?

Nibble Finance is a relatively new peer-to-peer platform, launched in early 2020. Nibble is part of the IT Smart Finance Group, which has been around since 2014. 

The current partnership with Joymoney is also hosted under the IT Smart Finance Group. Joymoney offers fash microloans up to €500. 

What Is IT Smart Finance?

IT Smart Finance is Nibble Finance’s parent company. It is a fintech finance group that is bringing fintech solutions to emerging markets. They use data to match the best loans to their clients. From 2014 on, they’ve issued €12 million spread out over 113.000 loans. 

Nibble Finance Review - Structure

How Does Nibble Work?

With the Nibble platform, you can start investing from just €10. Payments can be made to the system by credit card or by SEPA transfer. 

On Nibble, you can invest in the following investment portfolios:

  • Classic – where you invest in loans from 1-6 months to get a fixed return of 9.7%, backed up by buyback guarantees. You can start investing from just €10.
  • Balanced (recommended) – where you invest in loans from 7-60 months to get a return between 12-15%. In terms of risk-reward ratio, this strategy is the most balanced. You can start investing from just €100.
  • Special – where you invest in loans from 12-60 months to return between 17-19%. This strategy takes more risk, which also carries more potential rewards. You can start investing from €500.

With all investment strategies, your weekly accrued interest will go to your Nibble account. You can decide whether you want to reinvest or withdraw them. The initial sum of investment will be automatically reinvested in new loans. Plus, the minimum withdrawal amount is €50.

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Here is the overview:

Nibble Finance Review - Investment Portfolio Strategy

All loans on Nibble originate from Joymoney Spain and Joymoney Russia.

Buyback Guarantee

When you invest in the loans, Nibble uses a group guarantee as a Buyback guarantee. That means when a loan has not been repaid within 60 days of the date of investment, you get your money back from the group. 

The good thing is that this buyback guarantee covers both capital and interest. When your loan is delayed, Nibble will pay you the remainder of the outstanding loan plus and accrued interest. 

Currently, over €460.000 is invested through Nibble Finance distributed to over 565 investors. They’ve already paid back a total value of €50.836 to the investors. 

With a buyback guarantee in place, it is still good to check the financial statements of loan originators. A buyback guarantee is only as stable as the loan originator offering it. 

Investing On The Nibble Platform

When you choose to invest in Nibble, you should be aware that Nibble is a fully automated platform. That means that Nibble only offers automatic investing based on the criteria that you set. The Nibble platform does not provide manual investing. 

The criteria that you can set:

  • Initial amount
  • Monthly deposit
  • Investment period in months

With these Nibble auto-invest criteria, you can be sure that you only invest in loans that fully meet your preferences. 

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Secondary Market

At this moment, Nibble does not offer a secondary market in the traditional sense. However, you can have an early termination of the investment agreement and get your funds back. 

How? You can terminate the investment agreement before its expiry date and withdraw funds from the Nibble platform. To do this, you need to apply for early termination through your Nibble account. 

After receiving your request, Nibble will start looking for an investor for your portfolio. The portfolio can be resold only as a whole. If Nibble doesn’t find an investor within 30 calendar days, they will pay you out the invested funds plus interest from the reserve fund on day 31. They will be withholding a commission fee of 3% of the total amount to be paid.

On the one hand, this can be a problem for investors who want to opt out of certain loans on the platform. On the other hand, you don’t need to wait long for your loans to end. 


Nibble Finance as a platform is registered in Estonia and thus operates under Estonian law. Their legal address is in Tallinn, but the entire team works from Barcelona, where IT Smart Finance is located. 

When you check out their website, all their team members are listed. I like the fact that they’re all listed on the platform. They have backgrounds in financial institutions, banks, and fintech, which is a very good sign. 

Nibble Finance Review - Teams

Nibble Finance Pros & Cons

Pros of the Nibble Finance platform:

  • You can start investing from €10
  • Fast & easy automatic investment
  • Attractive interest rates
  • Loans come with a buyback guarantee
  • Team members with extensive experience in finance and peer-to-peer world

Cons of the Nibble Finance platform:

  • No secondary market is in place
  • Limited diversification among loan originators and countries

The Nibble Platform

Do you want to register on the Nibble platform, here are a couple of things that you should know!

Who Can Invest On Nibble?

To invest in Nibble, you need to be older than 18, be a European Union resident, and have an EU account. To quote from their site, 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.

Registration On Nibble Finance

The registration process on Nibble is simple. You enter your name, email address, and enter a password.

After that, you need to do a couple of steps to comply with anti-money laundering (AML) regulations. You need to verify your identity by:

  • Uploading a photo of any ID card that you have, like a passport or driver’s license.
  • Take a selfie and upload it.
  • When your identity has been verified, you can make a deposit and start investing. 

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Deposit & Withdraw Process

When you’ve created your Nibble account, you can deposit money to get started. I’ve deposited money through my SEPA bank account. You can also choose to deposit money through a VISA or Mastercard.

Your money should appear on the platform within 1-3 business days. 

The minimum amount you can top up your account is €10, which is great to start out. The maximum amount you can top up with is €10.000. It is possible to invest more per month, you just need to submit several additional documents.

When you want to withdraw the money, you can use a (digital) bank account for that. Withdrawing your money will also take between 1-3 business days. 


Nibble offers customer service through its website, email, and phone. Unfortunately, there are no office hours on the website, which would help to see when you can call them. 

The support provided on their website is an email form that will pop up when you visit. It’s great to know that you can reach them. It would be even better to see if they would provide a maximum response time, just to see when you can expect a reply. 

During working hours, they offer live chat with their support team. This enables you to get any urgent questions directly answered by the team. 

Conclusion – Nibble Finance Review

While Nibble Finance is a relatively new platform, it looks very promising. They’re implementing more and more features that make it a user-friendly platform. Plus, they’re backed by the more prominent IT Smart Finance Group

Over time, I would like to see a secondary market and multiple loan originators. When you want out, it is excellent if that’s possible. Plus, diversification among numerous loan originators or countries is one way to decrease risk. 

In its current state, Nibble Finance is a platform that offers automatic investing at good returns. They provide a good return for the risk you’re taking. Over time, the platform will develop itself and could become the main competitor of platforms like Mintos.

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