Meta Ads · Fintech Case Study

How Coverd went from a $20 CPI goal to $3.51 and scaled to $110k/month

A bold fintech with a simple ask and big ambitions. Built by former Wall Street traders, targeting a Gen Z audience hungry for a new relationship with money.

43,774Total App Installs
19,255Total Purchases
$189kTotal Spend Managed
14xSpend Scale

The Challenge

A new app, a skeptical audience, a category built on broken trust.

01

Zero brand recognition

No reviews, no word of mouth, no trust signals. Every impression was a cold introduction to a stranger.

02

Fintech trust deficit

The category is littered with scams. Getting users to link bank accounts requires credibility that takes most brands years to build.

03

Gen Z ad fatigue

The target audience spots a polished ad instantly and scrolls past it. Traditional formats were not going to work.

04

Moving goalposts

Mid-engagement the objective shifted from installs to purchases, requiring a full rebuild without losing momentum.

Engagement Overview

Phase 1 (Jan - Feb)

Goal: $20 CPI

Result$5.56 avg CPI
Installs2,774
Spend$16.7k
Performance72% Below Goal
Phase 2 (Mar - Apr)

Goal: Lowest CPP

Result$6.86 CPP
Purchases19,255
Spend$175k
Performance67% CPP Drop

Our Approach

Street interviews, rapid iteration, and a relentless focus on the funnel.

Creative production from scratch

No actors, no scripts. The authenticity was the strategy. Seeing real reactions built instant credibility.

Hook-first testing framework

Data from structured testing informed iterations within days. Winning angles scaled immediately, losers killed fast.

Funnel evolution

When the goal shifted to purchases, we rebuilt the optimization strategy around purchase events mid-campaign.

Scale without degradation

Continuous creative refresh cycles prevented CPA creep, causing costs to fall as spend grew.

Month by Month

Four months of compounding results.

JANUARY

Spend: $7,589

Installs: 1,138

$6.67

Cost Per Install

FEBRUARY

Spend: $9,097

Installs: 1,636

$5.56

Cost Per Install

MARCH

Spend: $63,643

Purchases: 3,016

$21.10

Cost Per Purchase

APRIL

Spend: $111,387

Purchases: 16,239

$6.86

Cost Per Purchase

Efficiency that held as spend scaled

The most common failure in paid social at scale is efficiency degradation. Coverd's account tells the opposite story. As spend grew 14x from January to April, costs kept falling.

83% CPI Drop

Goal was $20 and we delivered $3.51 at peak, nearly 6x better than required.

67% CPP Drop

From $21.10 to $6.86 while spend simultaneously grew 75%.

Peak Performance

$3.51

Cost Per Install

$6.86

Cost Per Purchase

SPEND SCALE: 14XGOAL BEATEN

BEST PERFORMING CREATIVE · EACH MONTH

JANUARYBest

What was your last big purchase?

276 ins.$5.90
FEBRUARYBest

Are you going to the super bowl?

470 ins.$5.15
MARCHBest

What's a recent purchase you reg...

730 pur.$17.05
APRILBest

It wasn't an OF free trial

8,137 pur.$4.87

Ready to scale your app without sacrificing efficiency?

Street Poller Media specializes in authentic street interview video creative for Meta Ads. If you are running a mobile app and want results like these, let's talk.