3X Increase In Payment Conversions For Fintech Brand
RishabhTM
Published
About - India’s first FD marketplace with over 2 Lakh + users. Backed by some of the top VC’s in the country.
Problem - Performance marketing had to be started from scratch. Being a financial services product the trust had to be built.
Goals -
-Scale the FD purchases on the platform with a good AOV
-Improving conversion rates to reduce CAC and optimise the funnel
-Retarget existing users to convert them
Our Approach & Strategies-
-We initially setup top of funnel event optimization campaigns and eventually moved to middle of funnel, bottom of funnel over time
-Constantly tested new messaging angles for different persona of audience and also ideated ad creatives which helped in cutting through the noise leading to better CTR
-Aggressively scaled Google Ads channel to increase conversions linearly
-Narrowed down to the best performing cities with highest conversion rates
-Optimised the bids to attain maximum efficiency of the ads
The Results-
-Drove 3X increased investment conversions in 3 months
-Increased top of funnel user acquisition by 10X from 3K/month to 30K/month from ad channels