Nibble Finance is a financial platform that offers passive income opportunities to both individual investors and companies by investing in the loans and overdue debts market. The platform acts as a bridge between lenders and investors and provides a flexible investment concept suitable for novice investors. Joymoney is the brand name used by loan issuers who offer investments on the platform. Nibble operates on a peer-to-portfolio model, wherein the platform selects loans for the investment portfolio and manages reinvestment.
Nibble Finance, headquartered in Estonia, was established in 2019. The platform, operated by Nibble itself OÜ, serves as the foundation for various rapidly expanding FinTech enterprises. The team's extensive knowledge and experience have played a pivotal role in the development of the platform.
Leveraging the power of Big Data analysis in the contemporary digital finance landscape, Nibble offers an automated investment process. Investors have the freedom to select their preferred strategy, investment amount, and investment term. With three investment strategies available, Nibble provides a flexible operating model that caters to the needs of both novice and seasoned investors. The platform offers annual profitability rates ranging from 8% to 14.5%.
At Nibble, investors may invest in EUR starting at €10. The platform does not segregate investors' funds from its company assets and lacks a wind-down plan for reducing damage in the event of business failure. It does not disclose loan funding statistics but regularly reports monthly funding volumes with P2PMarketData.
About Nibble Company
Please note that Nibble is not just a marketplace; rather, it is a comprehensive financial platform that caters to both individual investors and companies. Our platform offers unique opportunities for these investors to generate passive income by investing in the loans and overdue debts market. Acting as a bridge between investors and lenders, Nibble provides a flexible investment concept that is suitable for both seasoned investors and those who are just starting out in the investment world.
The lenders who offer to invest on the platform operate under the Joymoney brand
Since 2014, the Joymoney brand has been involved in alternative lending. It is currently registered and operational in Spain and is actively seeking to expand to new markets. Joymoney's mission is to assist clients in rapidly and securely resolving financial difficulties. The company accomplishes this by employing big-data analysis software solutions, as well as scoring and risk management systems.
Boostr buys such Portfolios at Auctions
Boostr, a financial company specializing in lending, encounters the challenge of loans that are not repaid within the specified contract terms. To address this issue, many companies opt to sell these loans in large portfolios at auctions, often at a significant discount of 85%, in order to expedite the return of a portion of the funds to the business.
Boostr distinguishes itself by actively participating in these auctions, purchasing such loan portfolios. Leveraging its extensive experience and advanced technologies, Boostr has been able to achieve a remarkable rate of capital return. In the Eurasian market, the company has amassed over 5 years of valuable experience and has a dedicated team of more than 80 employees.
In Europe, Boostr has established strategic partnerships with collection agencies that specialize in the recovery of European loans. This collaborative approach enables Boostr to effectively recover debts and maximize returns for its clients.
How we make money for investors:
- Boostr purchases delinquent loans from banks and MFOs at auctions, at a reduced rate of 85%.
- The pre-litigation process commences once the agency reaches out to the borrower to negotiate the repayment of the debt.
- If an agreement cannot be reached, court proceedings are initiated to obtain a decision on the collection of the debtor's debt. This process is managed by Boostr or its partner.
- Debt, interest and fines are collected through bailiff services and banks upon receipt of a court order.
Nibble's financial platform operates using a peer-to-portfolio model. The platform curates loans for the investment portfolio and manages reinvestment of the returns for our clients. Our investment process is automated: investors select their preferred strategy, investment amount, and term. The platform curates loans for the investment portfolio and manages reinvestment of the returns for our clients. The platform caters to both novice and expert investors. The platform curates loans for the investment portfolio and manages reinvestment of the returns for our clients.
Nibble Finance Values
Transparency
We highly value the support and collaboration of our investors and partners as they play a crucial role in our journey towards achieving success. Maintaining transparent and open relationships with all market participants is of utmost importance to us, as it fosters trust and enables effective communication.
Professionalism
Our team comprises seasoned professionals who possess extensive expertise in the field of financial technology services. This wealth of experience allows us to have a deep understanding of our clients' requirements and enables us to provide tailored solutions that meet their specific needs.
Innovation
In order to stay at the forefront of the industry, we are continuously exploring and embracing technological innovations. By actively seeking out new advancements, we strive to enhance our offerings and ensure that our clients benefit from the latest developments in the financial technology sector.
Nibble Finance Team
Vladimir Shepelev
Information Techology Director
As a qualified mathematical engineer, he specializes in programming and scalable IT system creation. For 16 years, Vladimir led the development team at MTS, the largest mobile operator in the CIS region. He authored numerous unique IT solutions and technologies and supports the implementation of the latest developments in the company. Continuous improvement of one's knowledge level enables them to tackle projects of any complexity and uncover the most efficient solutions.
Alex Paiella
Innovation Manager
Alex has accumulated a wealth of experience through his extensive tenure at renowned consulting firms, including his role as an Innovation Manager at Ateknea Solutions. His professional journey has taken him across four countries spanning two continents, where he has also contributed his expertise to public institutions at the European level. With his profound understanding, Alex possesses the ability to guide aspiring startups in overcoming technological obstacles and bridging gaps in innovation to foster business growth and expansion into new markets. Notably, he has successfully secured over 10 million euros in funding for diverse digital projects from the European Investment Bank. We are privileged to have Alex as a valuable member of our team based in Barcelona, Spain.
Yuri Dergunov
Chief Legal Officer
Yuri has 15 years of experience working for both classical financial institutions (Societe Generale Group) and modern FinTech (Lime Credit Group). Holding degrees in Law, Crisis Management, Economics, and Management, he specializes in corporate governance, licensing, AML, GR, and compliance assurance. Yuri is dedicated to offering dependable business support when interacting with regulatory authorities and is committed to team-based approaches and compliance with high standards of efficiency.
Tatiana Muminova
Financial Officer
Tatiana, a highly experienced professional in the banking industry, possesses over 13 years of expertise in foreign trade financing for large corporate clients. Her extensive background includes working with renowned financial institutions such as UniCredit financial holding and OTP Group. Throughout her career, Tatiana has been actively involved in the development and support of structured financing schemes, collaborating with various entities including banks from different countries, the EBRD, IFC, and export agencies such as Sace, Exim, and Exiar. Notably, Tatiana has demonstrated her exceptional skills in organizing financing management from inception to achieving predetermined targets within a remarkable timeframe of 6 months. Within her current role, she excels in financial planning, the preparation of financial statements, and effective financial risk management. Tatiana is currently based in Barcelona, Spain, where she resides and carries out her professional responsibilities.
Irina Bychkova
Digital Marketing Manager
Irina has over ten years of experience working in high-tech global companies in European, African, and Asian markets. While working at Chrome Plus, a leading freeware Browser & Search Engine in Vietnam in 2014, she acquired a deep understanding of technology combined with expertise in digital marketing strategies and sales techniques. Irina's extensive knowledge and skills make her a highly qualified digital marketing professional who can work in complex industries. Irina's client list includes top companies, such as CitiBank, Samsung, P&G, OPPO, Lenovo, Colgate-Palmolive, and Lazada Group. She presently resides and works in Barcelona, Spain.
Conclusion
In conclusion, Nibble Finance operates as a peer-to-peer lending platform providing flexible investment opportunities for novice and seasoned investors alike. The platform adopts the peer-to-portfolio approach and automates the investment process. Nibble Finance is among numerous burgeoning FinTech firms utilizing Big Data analytics in today's digital financial realm. Investors should be aware that the platform does not maintain a segregation of funds between investors and company assets. Additionally, in the absence of a wind-down plan, minimal damage cannot be guaranteed in the event the platform ceases operations.