DGAP-News: Nibble / Key word(s): Investment 
Nibble - an ideal crowdlending platform to obtain high passive income 
2021-05-17 / 09:00 
The issuer is solely responsible for the content of this announcement. 
Nibble - an ideal crowdlending platform to obtain high passive income 
Nibble is a platform for investing in loans issued by the companies joint under the Joymoney brand which work in Russia 
and Spain. Nibble is well familiar with Joymoney's scoring process, during which clients to issue loans are selected. 
Thus, it is predictable how clients with a particular category of loan will behave. One of the reasons Nibble does not 
post third-party lenders on the platform to invest in their loans is that it cannot be completely sure about their 
process of selecting loans to invest in 
In February 2021 Nibble turned one-year-old. Despite the fact that Nibble is a young platform, it is a part of the IT 
Smart Finance holding that operates in the fintech market since 2014. Companies providing loans that are getting posted 
on Nibble for further investment, are also part of the holding and have been operating since 2014. The fact that all of 
the operations are carried out within one holding, allows to control whole processes, reduce risks and increase 
profitability for the customers. This means that if a holding company faces financial difficulties, IT Smart Finance 
holding will help it. 
Joymoney, together with credit scoring service Scorista, developed unique predictive models that analyze borrowers. 
Using this double scoring system empowers Nibble to offer customers tailored strategies avoiding high risk. 
"Nibble performed well in 2020," said Maxim Pashchenko, founder of Nibble. "But frankly speaking, the time of our 
platform release was not the best. We made a lot of efforts to achieve these performance indicators: more than 1,500 
users registered; more than 600 users invested in our platform; more than EUR50,000 euros in paid interest; and the total 
investment in the platform was almost EUR500,000." 
A new product, Flexible Investment, was developed to help investors diversify their portfolio. It involves three 
investment strategies with an annual interest rate from 9.7% to 19%. Nibble made it as transparent as possible for 
investors by describing all the risks that an investor may face. 
At the end of each month the Risk Committee analyzes the issued loans, calibrates the scoring model and makes forecasts 
on interest rate for the next periods. 
"Currently, we are undergoing the process of obtaining an Anti-Money Laundering (AML) License and an Estonian Financial 
Supervision Authority (FSA) Credit Provider License," explained Maxim Pashchenko. "Although they are not required by 
law, we are obtaining them to make our customers feel as secure as possible when investing with Nibble. We believe that 
the company's open attitude towards the risk policy has fortified investors' confidence in our platform." 
The aim of Nibble is to get into the Top 3 investment platforms in Europe, it is planned to increase investment volumes 
and expand the product line in 2021. 
Contact Details 
Ivan Sharafiev 
2021-05-17 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:      English 
Company:       Nibble 
EQS News ID:   1196805 
End of News   DGAP News Service 

1196805 2021-05-17

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(END) Dow Jones Newswires

May 17, 2021 03:01 ET (07:01 GMT)