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Propaxio

Fintech platform (anonymized)

5.2x ROAS after attribution rebuild and 38% of conversions recovered from a broken model.

G.N. came to us with a fintech platform that looked unprofitable on paper. Paid ROAS sat at 2.1x, the founder was preparing to cut spend, and the actual bank-account revenue suggested something else was going on. We audited the tracking stack, discovered roughly 38% of conversions weren't being credited, deployed server-side CAPI across Meta and Google, and rebuilt the GA4 attribution model. Once the platforms could see what was actually happening, blended ROAS climbed to 5.2x - without changing the underlying spend or creative.

Fintech G.N. attribution rebuild - multi-touch console showing recovered conversions across paid, organic, email, and direct
5.2x
Blended ROAS
After attribution rebuild and lifecycle layer
+38%
Conversions recovered
Previously unreported, surfaced by CAPI
-34%
CAC reduction
First two quarters of engagement
92%
Attribution coverage
Server-side matched events

By the numbers

Reported vs actual ROAS by month
Conversion attribution coverage
Lifecycle revenue share by month

Before / after

MetricBeforeAfter
Reported blended ROAS2.1x (and falling)5.2x (and stable)
Attribution coverage~54% (pixel only)92% (server-side matched)
Conversions creditedLast-click onlyFull multi-touch path
Lifecycle revenue shareUnder 5%31% of total revenue
Founder's decision posturePreparing to cut paid spendScaling Meta budget 3x quarter-over-quarter
Account continuityTwo suspensions in prior six monthsSix months continuous run, zero flags

The dashboards

Attribution console showing multi-touch credit distributed across paid, organic, email, and direct channels for fintech G.N.

Attribution console post-rebuild - multi-touch credit across every channel that contributed to funded conversions.

Meta Ads Manager dashboard showing scaled spend across multiple ad sets with stable account health for fintech G.N.

Meta Ads Manager - scaled spend across multiple ad sets, account continuity maintained through six months.

Lifecycle email and SMS flow map showing welcome, KYC nurture, deposit recovery, and reactivation sequences for fintech G.N.

Lifecycle flow map - welcome, KYC nurture, deposit recovery, and reactivation sequences compounding to 31% of total revenue.

In their words

G.N. - Fintech platform (anonymized)
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