diff --git a/pkgs/development/python-modules/ihatemoney/default.nix b/pkgs/development/python-modules/ihatemoney/default.nix
index a16c6e48ce3..5092175b50c 100644
--- a/pkgs/development/python-modules/ihatemoney/default.nix
+++ b/pkgs/development/python-modules/ihatemoney/default.nix
@@ -1,6 +1,6 @@
 { lib
 , buildPythonPackage
-, isPy27
+, pythonOlder
 , nixosTests
 , fetchPypi
 , alembic
@@ -29,7 +29,6 @@
 , python-dateutil
 , pytz
 , requests
-, six
 , sqlalchemy
 , sqlalchemy-utils
 , sqlalchemy-continuum
@@ -39,68 +38,57 @@
 , psycopg2 # optional, for postgresql support
 , flask-testing
 , pytestCheckHook
-, fetchpatch
 }:
 
 buildPythonPackage rec {
   pname = "ihatemoney";
-  version = "5.1.1";
+  version = "5.2.0";
+  format = "setuptools";
+
+  disabled = pythonOlder "3.7";
 
   src = fetchPypi {
     inherit pname version;
-    sha256 = "0gsqba9qbs1dpmfys8qpiahy4pbn4khcc6mgmdnhssmkjsb94sx6";
+    sha256 = "sha256-uQgZBbpqqbZYHpR+GwHWX0c7di2rVvEz0jPRY6+BkkQ=";
   };
 
-  disabled = isPy27;
-
   propagatedBuildInputs = [
     aniso8601
     Babel
     blinker
     cachetools
     click
+    debts
     dnspython
     email_validator
     flask
-    flask-babel
-    flask-cors
     flask_mail
     flask_migrate
+    flask_wtf
+    flask-babel
+    flask-cors
     flask-restful
     flask-talisman
-    flask_wtf
     idna
     itsdangerous
     jinja2
     Mako
     markupsafe
+    psycopg2
     python-dateutil
     pytz
     requests
-    six
+    sqlalchemy
     sqlalchemy-continuum
     werkzeug
     wtforms
-    psycopg2
-    debts
-  ];
-
-  patches = [
-    # fix build with wtforms 3. remove with next release
-    (fetchpatch {
-      url = "https://github.com/spiral-project/ihatemoney/commit/40ce32d9fa58a60d26a4d0df547b8deb709c330d.patch";
-      sha256 = "sha256-2ewOu21qhq/AOZaE9qrF5J6HH0h6ohFgjDb+BYjJnuQ=";
-      excludes = [ "setup.cfg" ];
-    })
   ];
 
   postPatch = ''
     substituteInPlace setup.cfg \
       --replace "cachetools>=4.1,<5" "cachetools>=4.1" \
-      --replace "Flask-WTF>=0.14.3,<1" "Flask-WTF>=0.14.3,<2" \
       --replace "SQLAlchemy>=1.3.0,<1.4" "SQLAlchemy>=1.3.0,<1.5" \
-      --replace "WTForms>=2.3.1,<2.4" "WTForms" \
-      --replace "Flask-Talisman>=0.8,<1" "Flask-Talisman>=0.8,<2" # https://github.com/spiral-project/ihatemoney/pull/1006
+      --replace "WTForms>=2.3.1,<3.1" "WTForms"
   '';
 
   checkInputs = [
@@ -116,9 +104,15 @@ buildPythonPackage rec {
     # Requires running service
     "test_notifications"
     "test_invite"
-    # Tests are failing
-    "BudgetTestCase"
-    "HistoryTestCase"
+    "test_access_other_projects"
+    "test_authentication"
+    "test_manage_bills"
+    "test_member_delete_method"
+    "test_membership"
+    "test_bill_add_remove_add"
+    "test_clear_ip_records"
+    "test_disable_clear_no_new_records"
+    "test_logs_for_common_actions"
     # Requires DNS resolution
     "test_invitation_email_failure"
   ];
@@ -128,8 +122,8 @@ buildPythonPackage rec {
   };
 
   meta = with lib; {
+    description = "Shared budget manager web application";
     homepage = "https://ihatemoney.org";
-    description = "A simple shared budget manager web application";
     license = licenses.beerware;
     maintainers = with maintainers; [ symphorien ];
   };