P2P Platform

Nibble Review

Nibble Review: Is it good? Don't invest before you read this!

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Maakri tn 19/2, 10145 Tallinn Estonia

Review result

2.6 of 5


Basic Information Basic Information

Founding Date:
October 2019
Funded Loans:
Investor Protection:

Interest & Red Flags Interest & Red Flags

Minimum Interest Rate:
Maximum Interest Rate:
Average Interest:
Red Flags:

Loans Loans

Minimum Investment:
Minimum Investment Term (Months):
Maximum Investment Term (Months):
Loan Originators:
Payday Loans:
not available
Personal Loans (Consumer Loans):
Business Loans:
Real Estate Loans:
Other Loans:
not available
Worst Rating:
Best Rating:

Features Features

Manual Investing:
Automatic Investing:
not available
Buyback Guarantee:
not available
Secondary Market:
Tax Report:
not available

Fees Fees

Investing Fee:
Deposit Fee:
Withdraw Fee:
Accounting Management Fee:
Secondary Market Selling Fee:
Secondary Market Buying Fee:

What is Nibble?

Infographic: how does Nibble work

Nibble is a P2P platform based in Tallinn, Estonia, founded in 2019.

It is a subsidiary of IT Smart Finance Holding.

Because of this, only P2P loans from loan brokers (loan originators) that belong to the same company are offered on Nibble.

Since its inception, the platform has funded loans worth about €2 million, making it one of the small P2P platforms in Europe.

How does Nibble make money?

Nibble is a 100% subsidiary of IT Smart Finance Group, which is why it passes on its profits and losses to the parent company.

Which in turn makes its money from interest income, commissions and other income from operations.

Who owns Nibble?

Nibble is 100% owned by IT Smart Finance Group, whose owner is Maxim Pashchenko.

Nibble is unfavorably not officially monitored, which typically dispels any doubts about its security.

On top of that, the platform has also not been able to successfully fund loans to a sufficient extent, which is otherwise always the next important clue for us when assessing how safe it is.

In the end, this leaves only the affiliation with the IT Smart Finance Group as proof of a secure and legal business model.

A look at the group shows that it is a profitable company with a history since 2014.

Overall, we would rate the platform as reputable, but would advise a rather smaller exposure at the current time.

How does Nibble work?

If you want to invest on Nibble, you first need to register online and then deposit money via a bank transfer.

With your first deposit via a standard bank transfer, you also confirm the bank account to which withdrawals can be made.

After that you can invest directly in the offered credits.

There is not much to consider, except for a minimum investment amount of 10 €, except that you can only invest automatically.

When investing automatically, you can choose from different strategies, which differ in return and risk.

Furthermore, you can only invest on the primary market (initial issuance of loans), as unfortunately there is no secondary market offered.

How can I invest on Nibble?

You cannot invest on Nibble manually. It is only possible to invest money through the automatic investment feature.

On Nibble you can invest in the loans only automatically.

You can choose from three preset strategies:

  • Classic strategy: 8% with buyback guarantee

  • Balanced strategy : 12-12.5

  • Right strategy: 11-14,5

The strategies differ according to their return and risk profile and only in the classic strategy the loans are secured with a buyback guarantee.

Beyond these strategies, you cannot invest in any other strategies or set your own strategy.

When it comes to the strategies, we notice that they are overloaded with many technical terms and other designations that probably completely overwhelm many people.

In our opinion, this is not really convincing and transparent.

How do I get cashback on my investments at Nibble?

If you sign up with our cashback link*, you will get 1% cashback on your investments after your registration.

For the calculation of the cashback, your investments during the first 90 days after your registration will be taken into account.

What are the warning signs to watch out for at Nibble?

At Nibble, we have noticed the following two warning signs.

#1 Constantly changing offer

We\'ve been watching Nibble for a bit longer, namely after we were asked by the marketing team to test the platform.

Over this period, the platform has changed its offer several times, including how and when the Buyback Guarantee is applied.

Also, the strategies offered have been constantly revamped and sometimes terms are used that we hear about for the first time in P2P lending.

To be direct, this seems a bit haphazard and also confusing.

#2 Hardly any growth

Probably following on from the previous point, we noticed that the platform could hardly fund any new loans.

A comparison with other young platforms such as Esketit or Lendermarket shows that Nibble could not achieve anywhere near similar growth.

While the other platforms had the advantage that investors already knew them from Mintos (spin-offs), this alone cannot explain the weak development.


Review result Review result

with all advantages & disadvantages

Safety (40.00%)


Gewichtigung: Age: 40.00%, Funded Loans: 40.00%, Regulation: 20.00%.

Age: 3 Years
3.00 / 5

The platform is older than 3 years, which is why only a low risk of failure of the platform can be assumed.

Funded Loans: €2,055,609.00
1.00 / 5

under-average under-average The platform has financed very few loans so far and has been able to gain little experience.

Regulation under-average
0.00 / 5

The platform is not officially regulated. This means the platform is not subject to ongoing monitoring by an independent third party.

Interest and Risk (40.00%)


Gewichtigung: Average Interest: 50.00%, Red Flags: 50.00%.

Average Interest: 12.50%
3.77 / 5

over-average The average interest rate is higher compared to other platforms.

Red Flags: 2
3.00 / 5

Features (20.00%)


Gewichtigung: Automatic Investing: 20.00%, Buyback Guarantee: 20.00%, Secondary Market: 20.00%, Tax Report: 20.00%, App: 20.00%.

Automatic Investing under-average
5.00 / 5
Buyback Guarantee under-average
5.00 / 5
Secondary Market under-average
0.00 / 5
Tax Report under-average
5.00 / 5
App under-average
0.00 / 5

Gesamtpunktzahl: 2.6 of 5

Hinweis: Although we take every care to ensure the accuracy of the information and the representative example, no warranty can be given with regard to the correctness, accuracy, timeliness, reliability and completeness of the content. All information is based on the available information from the provider.

Last updated on 22 July 2023