Nibble Review 2022: a Promising P2P Lending Platform

Last Update: November 26th, 2022

I love to diversify my Peer-to-Peer lending investments on as many great platforms as possible. In this article, I will review the Peer-to-Peer lending platform Nibble, which I added to my portfolio in 2021.

In the article, I will tell you what I think are the biggest strengths (and weaknesses) of the platform, how to start using it, and what you can expect from investing on the platform. Let's start!

What is Nibble?

As for all Peer-to-Peer lending platforms, Nibble is a financial platform that matches borrowers with investors, that will lend money on the platform in exchange of interests on loans. Nibble is a relatively new platform, as it was founded in 2020. They are based in Estonia, with offices in Barcelona. 

The platform is actually developed by their parent company IT Smart Finance - which has been in operation for a much longer amount of time and has developed a lot of products & solutions in the financial space.

They currently have over 500 investors, with half a million Euros already invested on the platform.

What returns can I expect from investing on Nibble?

The returns you can expect on Nibble completely depend on what strategy you choose, which I will tell you more about when we'll see how to use the platform. Currently, returns you can expect go from 9.7% yield per year with the safest strategy, going up to 17-19% with the riskiest one.

Is it safe to invest on Nibble?

The question of the safety of the investors funds is central when investing on a Peer-to-Peer lending platform, as they will be managing all the money that you deposit on the platform and invest it in loans. When checking a new platform, I look at three things: what the platforms offers in terms of guarantees, the company itself (and their team), and finally the loan originators.

Risks & guarantees on Nibble

On Nibble, only the safest setting for the auto-invest function comes with a buyback guarantee. 

The guarantee is provided by a reserve fund for the loans originated in Russia and in Spain, which will be used to cover the buybacks on loans in case they would go to default. Nibble is also very clear on the risks that investors can expect if they choose a strategy where loans are not covered by a buyback guarantee.

The company & the team

As I mentioned earlier, the company is operating from Estonia, and is also in the process of obtaining an FSA license, which is a really good sign for a platform in the space. Even if they only have been operating since 2020, their parent company IT Smart Finance have a much longer track record in the financial space, which is also a very good sign.

They also are completely transparent about their team on their website, with a complete description of the role of each person in the team, which is also something I appreciate seeing on a platform.

Loan originators

I also always have a close look at loan originators that a platform uses, as this is usually where a platform will fall short if anything bad happens like a financial crisis. Here, what I really like is that the loans are coming from Joymoney, a platform also owned by IT Smart Finance, the parent company of Nibble. The loans are coming from Russia and Spain at the moment, and Mexico will be added soon. These are not usually countries with the best repayment rates, which is another reason to always choose loans with a buyback guarantee on this platform.

Getting started with Nibble

It is actually really easy to get started with Nibble and have your money start generating interests on the platform.

The first step is to open an account and get verified. This was done really quickly, and including the ID verification part it was all done in under 5 minutes.

Next, you will have to deposit funds in your account to start investing in loans and generate interests. This is also really to do with Nibble, as you can do it via credit/debit card (which is the way I chose), or via a bank transfer.

Finally, you will need to choose a strategy to invest on the platform. It is currently not possible to invest manually on loans on the platform, but I always recommend to use auto-invest functions anyway. On Nibble, you currently have 3 strategies to choose from: Classic, Balanced, and Special. 

As I mentioned before, only the first strategy comes with a buyback guarantee, with returns around 10%. The two other strategies come with higher interests rates (above 14%), but without a buyback guarantee. It is of course up to you, but I really recommend choosing the first one as I like to have a buyback guarantee on all the platforms I invest on.

Once you selected and activated a strategy, you are basically done: Nibble will automatically invest the funds for you, and your portfolio will start generating interests.

As for all the platforms I review, I also tried to withdraw money, and the money was back on my account in just 2 days.

Should you invest on Nibble?

I spend a lot of time choosing high-quality platforms to invest on, and Nibble definitely meets all my criteria in terms of returns, safety, and general usability of the platform. I like the fact that they are transparent about their loan originators, that they have good returns & a buyback guarantee, as well as that they are on their way to get a license in Estonia.

The only thing I liked a little less is the fact that they don't offer the possibility to configure the auto-invest functionality, with only 3 settings to choose from.

Overall, Nibble is definitely a solid player in the Peer-to-Peer lending space and a platform worth trying for any investment portfolio.


My Overall Rating
My Average Yield
Investment Protection
What I Liked
Good yields around 10% with buyback
Transparency on the team & loan originators
Really easy to start investing
What I Didn't Like
Really young platform (founded in 2020)
Only 3 fixed settings for the auto-invest
I've been investing on Nibble since 2021 and so far the platform is very promising - they pass all my criteria in terms of features, transparency, and security of the investments. Definitely a platform I recommend to try.