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TransferGo

TransferGo

International money transfer company worked with Facebook Marketing Partner Business Factory to help it increase number of activated users 5.2 times.

5.2X
increase in activations
1.5X
increase in registrations

Their Story: Increasing the active user base

TransferGo is a London based international low-cost money transfer company. Their mission is to provide migrant workers with the tools for sending money back to their families without paying excessive bank fees. Our task was increasing the number of user activations. 

Their Goal: Drive up number of activations while scaling up the campaigns

Main goal of the Facebook campaign was to drive the number of activated users, that is people who register and make their first transfer. During the four months of the campaign company wanted to scale up and increase the number of conversions, with the secondary goal of staying below the set CPA. The target were people of different nationalities in the countries from which they could send money using TransferGo to their home countries.

Our Solution: Full funnel approach

To employ a full funnel approach we ran both prospecting and remarketing campaigns. Targeting of prospecting was broad – we narrowed the audience by country, age and language only. Its goal was to drive up number of registrations. The remarketing was simply targeted at website traffic with the exclusion of people who already made transfers. It had the objective of activating those users, who either registered but didn’t send any transfers, or visited the website but didn’t register yet. 

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We optimized the remarketing for landing page views, as at first there wasn’t enough weekly activations to allow the Facebook algorithms to optimize the campaigns properly. At the same time prospecting was optimized for conversions, as we were generating high enough number of registrations. 

Success Story: TransferGo

After the prospecting campaign had built up an audience of people who have registered, but didn’t activate, we’ve added them to the remarketing campaigns in ad sets separate to the website traffic. We could also add new countries to targeting, as the company was expanding the pool of nations  from and to which users could make transfers.  

Success Story: TransferGo

With the results being good we were gradually scaling up the remarketing campaign in terms of budget. In the fourth month of the campaign we started targeting people who’ve downloaded the mobile app, but didn’t activate. With the scale up we were also generating enough activations to change the conversion goal from landing page views to conversions. With a bigger number of ad sets in these campaigns, optimising their budgets manually became inefficient. So we introduced campaign budget optimization in order to let Facebook algorithms divide the budget the best way between unregistered website traffic, registered users, and those who have the app. 

Success Story: TransferGo

Our Success: Significant increase in activations while keeping within the cost KPI

From November 2018 till February 2019 we have increased both the number of activations and registrations generated by Facebook campaigns, while keeping in line with the costs. The results were as follows: 

  • 5.2X increase in activations
  • Activation CPA at the level of 60% of the KPI
  • 1.5X increase in registrations

Published: 9. 5. 2019

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Adam Piszczek

Facebook Ads Specialist

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