Nemo
User Acquisition
Creatives Production
Marketing

x4 Cost per Deposit decrease in 5 months

User Acquisition
Creatives Production
Marketing

In the last 5 months of collaboration with Nemo, Applica decreased the cost per first-time deposit (CFD) while scaling by x4 times a 6-digit monthly budget.

Client

Nemo

Website

Services

User Acquisition, Creatives Production, Marketing

Project period

November 2024 - ongoing

The Challenge

<p>Nemo Money is an investing app designed to help users grow their wealth with ease. It offers commission-free trading, personalized insights powered by AI, and themed investment ideas tailored to your financial goals, making it simple to start, learn, and invest with confidence. <p>

<p>Four main goals were set:<p>

<p>01 Reduce Cost Per Deposit;<p>

<p>02 Scale paid media channels campaigns efficiently on Meta, Apple, and Google Ads;<p>

<p>03 Acquire new paying users in the Middle East;<p>

<p>04 Improve creative quality and performance.<p>

"They showed a good blend of experience in the team setup, and the quick turnaround in activating campaigns was also impressive."
Pras Murukesvan
Growth Marketing Head, Nemo Money

The Solution

<case-h3>The strategy was:<case-h3>

<p>1. Resolve IOS attribution issues that were driving high CPAs;<p> 

<p>2. Navigate user hesitation due to recession - related news impacting investment behavior;<p> 

<p>3. Integrate localized payment methods to improve conversion across key markets;<p> 

<p>4. Address ad rejections and implement creative localization strategies;<p> 

<p>5. Leverage data from Amplitude, MMP, and Google UI to inform performance decisions.<p> 

<case-h3>User Acquisition<case-h3>

<p>The case study period covers January to July 2025, with acquisition efforts running on Meta, Google, and Apple Ads.<p> 

<p>Campaigns targeted Nigeria, the United Arab Emirates, Qatar, Kuwait, and Saudi Arabia, reaching male and female users aged 25–44.<p> 

Cost of In-app event we optimised for
Top-performing GEOs
Demography

<case-h3>Creatives<case-h3>

<p>Our team produced 700+ creative ad assets.  We structured ad groups based on different clusters and ran ads only on relevant topics. UGC became the best performing ad format - storytelling has much more impact on users who trust people more than images and motion videos, especially during uncertain times.<p>

Creatives

The Result

x8

Cost per Deposit decreased on Meta

700+

Ad creatives tested

<p>Applica’s actions delivered measurable impact across platforms, significantly improving efficiency, creative output, and conversion performance. Key outcomes include:<p> 

<p>- 8x decrease in Cost per Deposit on Meta; <p>

<p>- 3x decrease in Cost per Deposit on Google Ads through a holistic campaign structure combining Performance and Brand campaigns; <p>

<p>- 700+ ad creatives produced and tested, overcoming ad fatigue and rejections;<p>

<p>- Improved conversion rates in Nigeria through local payment integration with KoraPay;<p>

<p>- Enhanced platform ad behavior structure and visualization, enabling clearer insights and optimization. <p>

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x8
Cost per Deposit decreased on Meta
700+
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See Full Case Study
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