Nibble Finance is a European peer-to-peer platform where you can invest in consumer loans and earn returns at an annual return rate of 14.5%. Nibble Finance has an auto-invest feature that helps you select loans to invest in without manual actions. It also has a buy-back guarantee available on loans, protecting investors from possible losses, but is not available for all investment strategies that you can choose. You can invest as low as €10 in consumer loans and earn up to a return on investment rate of 19%.
- 1 What is Nibble Finance
- 2 How to Invest in Nibble Finance
- 3 Who Can Invest in Nibble Finance?
- 4 Nibble Finance Features
- 5 How to Deposit and Withdraw from Nibble
- 6 Nibble Finance Fees
- 7 Nibble Pros
- 8 Nibble Cons
- 9 Is Nibble Safe?
- 10 Nibble Customer Support
- 11 Nibble Supported Countries
- 12 Nibble Alternatives
- 13 Final Word on Nibble P2P
- 14 Discover More
What is Nibble Finance
Nibble Finance was launched in 2020 but has grown very fast and attracted over 6,500 registered users. The platform has paid out over €96,300 to investors while the total amount of money invested is over €1 million. Nibble Finance pays out income on your investment to investors on a weekly basis.
Nibble Finance Review
- Nibble Finance is a peer-to-peer platform for investors from the European Economic Area or citizens of Switzerland, Norway, or Liechtenstein. Individuals and companies can invest in Nibble Finance.
- You can earn a return on investment of 14.50% by investing in consumer loans. You can invest a minimum of €10 for a period of between 1 and 60 months.
- Nibble Finance has a buy-back guarantee and an auto-invest feature that allows investors to reinvest their money back without manual actions.
Nibble is not a marketplace, it is a platform for investing in loans. It operates on the model peer-to-portfolio. Nibble is meant both for beginning investors and professionals. Nibble has automated the investment process: the investor chooses the strategy, the amount, and the term of the investment. The platform itself selects the loans into the investment portfolio and manages the reinvestment.
How to Invest in Nibble Finance
To start investing in Nibble loans, the first thing you need to do is to register yourself on their website and complete identity verification. The next step is to explore their investment strategies and decide the appropriate risk-reward portfolio ratio. Their support team will help you explore and pick the best option.
Then, you need to enter the details of your investment like the amount, term, and monthly replenishments. Nibble Finance will start paying you weekly income on your investment to your account. The weekly income is automatically reinvested.
Nibble Finance has an option of early withdrawal of funds. If you change your mind, you can withdraw money from your investment portfolio. Nibble Finance will find another investor for that portfolio at a small commission fee.
You can top up your investment portfolio every month with an amount of up to €10,000. You will not be charged a commission fee for financial transactions.
Who Can Invest in Nibble Finance?
You can invest in Nibble P2P lending if you are 18 years and above and a resident of Europe. You also need to have a European bank account or have EEA (EU + Swiss, Norway and Liechtenstein) residence/citizenship. You must also pass the verification process to start investing. Once you deposit money into your account, you need to select the type of portfolio that you want to invest in.
If you are not a resident of EEA and do not have a European bank account, you can open a non resident European virtual bank account with Wise, formerly Transferwise, Revolut or N26.
Nibble Portfolio Options
Nibble offers two types of portfolio options: Their Test Portfolio is a trial investment portfolio that you can use to invest your cash for 21 days and earn an interest rate of 12%. You can only create a trial portfolio once, with a maximum investment of 300 euros.
Their Long-term investment portfolio is a long-term investment portfolio that offers a 12% interest rate for a period between 3 and 60 months. There is no maximum investment amount for this account. However, if you wish to invest over 10,000 euros, you need an additional verification process.
Nibble Finance Features
When you invest in Nibble Finance, you can make use of their auto-invest Feature. Nibble’s auto-invest feature allows you to invest using predefined strategies. You can invest in loans that fit well with your strategy and the risk you are willing to take. You can set up the auto-invest functionality by selecting the parameters for your auto-invest. There are 3 auto-invest functionalities in Nibble Finance:
- Classic strategy. You can invest an amount between €10 and €10,000 for a period of between 1 and 6 months and earn a fixed income. The fixed annual interest rate is 8% and the minimum withdrawal amount is €50. Your investment is secured by a BuyBack Guarantee. 22% of investors choose this strategy.
Balanced Strategy. You can invest an amount between €100 and €10,000 for a period of between 7 and 60 months. Income is not fixed. The fixed annual interest rate is 12.5% and the minimum withdrawal amount is €50. Your investment is not secured by a BuyBack Guarantee, though Nibble says that loans “are nearly always paid back”. 65% of investors opt for this strategy.
Legal strategy. You can invest an amount between €100 and €10,000 for a period of between 8 and 60 months. The fixed annual interest rate is 14.5% and the minimum withdrawal amount is €50. Your investment is not secured by a BuyBack Guarantee, but it is by a Deposit back guarantee. This is “the obligation of the collection agency to return the full investment amount at the end of the investment period and ensure a minimum yield of 9% per annum”. 13% of investors choose this strategy.
You can terminate your investment agreement before its expiry date. You can go ahead and withdraw the funds from your Nibble account. You need to apply for early termination through the Nibble account. Nibble will look for another investor for your portfolio. Nibble will resell the investment as a whole. If Nibble doesn’t find an investor within 30 calendar days, you will be repaid back the invested funds and interest from the reserve fund on the 31st day. Nibble Finance withholds a commission fee of 3% of the amount paid.
Nibble BuyBack Guarantee
Nibble Finance is now offering a buyback guarantee where your investments are covered by a buyback scheme if you select the Classic strategy. If a Nibble loan is not repaid within 60 days, you get back your money from Nibble. You will get back the capital invested and the accrued interest. This makes it more secure for investors.
- Find out more What a Buyback Guarantee Is
How to Deposit and Withdraw from Nibble
Once you have created a Nibble account, you can deposit money and start investing. You can deposit money into the account through a SEPA bank account or through a Visa or MasterCard. The balance in your account will reflect on the platform within 1 to 3 business days. The minimum top-up amount is 10 euros while the maximum is 10,000 euros.
You can also fund the account using online banks like Wise, N26 and Revolut.
Nibble Finance Fees
Nibble does not charge investors any fees. All fees are charged on interest payable by borrowers. Investors do not also need to pay any commission from their earnings.
- Minimum investment of 10 euros
- High-interest rates of up to 12%
- Loans are secured by a buyback guarantee
- Easy and automatic investment
- Rigorous selection criteria for borrowers
- Limited portfolio options
Is Nibble Safe?
Nibble is governed by Estonian law. It is also licensed by the Estonian Financial Supervisory Authority (FSA), thereby making it even more secure. It is worth noting that just like any other investment, investing in Nibble has some inherent risks. For instance, it may take longer for some borrowers to pay off their Nibble loans. Besides, Nibble Finance is now using a buyback scheme that is meant to secure investors’ funds. Luckily, Nibble handles such issues.
Nibble Customer Support
You can reach Nibble customer support by email or telephone. Recently, it added a live chat option, a convenient way to reach their customer support. You can only reach customer support via live chat only if you are logged in. Their website is available in 5 languages: English, Spanish, Italian, German and Russian.
Nibble Supported Countries
Nibble is available in the following European countries; Austria, Belgium, Bulgaria, Croatia, Portugal, Romania, Cyprus, Netherlands, Norway, Estonia, Finland, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Switzerland, Slovakia, Czech Republic, Denmark, Slovenia, Spain, Sweden and the UK. Nibble Finance plans on expanding to Mexico before the end of 2021.
You can use the following options as an alternative to Nibble.
Final Word on Nibble P2P
You can invest your money in Nibble Finance and earn an annual interest rate of 14.5%. You can invest as low as 10 euros and you are not required to pay any fees as an investor. Loans advanced to investors are secured by a buyback guarantee, protecting investors from losing the amount they have invested. It also has an auto investment option that automatically connects borrowers to investors. This means that investors don’t have to look for borrowers.