Gathering data

Nibble Finance Review

Nibble Finance Statistics

  • Business name: Nibble Finance
  • Legal name: OÜ Nibble ITSF
  • Jurisdiction: Estonia
  • Type: P2P platform
  • Average score:
    0 / 5
Promised annual return

14.5 %

Sneakypeer scoring




Secondary Info
  • Total invested: €582.4K
  • Buyback guarantee: Yes
  • Secondary market: No
  • Licensed: No
Loan Types
Single payment loans
Instalment loans

Nibble Finance Description

General Information

Nibble Finance is a P2P platform that provides the investing opportunities in loans that are issued by the Joymoney that is part of IT Smart Finance holding. As the loans are issued by the subsidiaries, thus there is a conflict of interest between-because in the end all companies are one/single ownership- issuer and seller. The platform was founded in 2019 and is registered in Estonia. Nibble Finance offers two loan types, which are single payment and installment loans. The platform operates in Russia, Spain and Mexico.

Board & Team

Nibble Finance shares information about the platform’s owner/founder and managing team. The founder Maxim Pashchenko is an experienced professional who established Joymoney and IT Smart Finance as well. Other managing members also had professional experience and worked in the financial industry. Almost all team members are working and having the same positions in all the three companies Nibble Finance, Joymoney and IT Smart Finance. For instance, Ivan Sharafiev  Few of them do not even mention working for Nibble Finance in public sources, but mentioned instead Joymoney or IT Smart Finance.

Financial Analysis

The platform does not publish its annual reports on their web page. However, Nibble Finance publishes the IT Smart Finance’s report. The platform does not share any statistics and historical loan books, which could be useful to investors and bring transparency to the platform.

Platform’s Score and Uniqueness

Nibble Finance offers an autoinvest option, however the secondary market is not provided to investors. There is a buyback guarantee offered, but no personal guarantee to the payment of loans. The promised return is up to 14% per year with the investment diversification opportunity. The promised return is not justified on the web page. Nibble finance offers three investment strategies with three different returns and levels of risk. There is conflict of interest between the loan issuers and the platform’s owner because the platform and loan issuers are the same entity-same owner. Investing is free of charge through the platform.


Nibble Finance works as a platform, where it offers the opportunity of investing in loans that are issued by the companies jointly under the Joymoney name/brand, a company within IT Smart Finance holding. It is obvious  that there is conflict of interest between the loan issuers and the platform itself. The platform publishes information about the team. There are no annual reports, statistics and historical loan books available on their webpage. Nibble Finance offers an autoinvest feature, but not the secondary market. The promised return is above the market average return.