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FinTech SaaS · Audit

How a FinTech SaaS Found $7K/mo in Wasted Ad Spend

How a FinTech SaaS Found $7K/mo in Wasted Ad Spend

A Series A FinTech SaaS was spending $24K/mo across Google and LinkedIn. Platform metrics looked healthy. Pipeline was flat for three quarters straight. The audit uncovered why — and identified $7K/mo in immediately recoverable spend.

A Series A FinTech SaaS was spending $24K/mo across Google and LinkedIn. Platform metrics looked healthy. Pipeline was flat for three quarters straight. The audit uncovered why — and identified $7K/mo in immediately recoverable spend.

The Problem

The Problem

The Problem

The dashboard looked fine at first glance. Google was generating 70+ leads per month. LinkedIn was adding another 25–30. Cost per lead was "within range."

But pipeline was flat for three consecutive quarters. And when I asked "Which of these leads actually became customers?" — silence.

Under the hood, the problems were compounding. Google campaigns were set to optimize toward four different conversion actions simultaneously — form fills, chatbot opens, page scrolls, and PDF downloads — all weighted equally. The algorithm had no idea what a "good" conversion looked like.

58% of total Google spend was going to broad match keywords. The actual search terms: "invoicing app free", "free invoice templates", "fintech internship." Opportunity rate on broad match: less than 1%.

One Performance Max campaign was generating the cheapest leads in the account at $14 CPL. In CRM: zero of those leads had progressed past initial contact.

LinkedIn was running cold demo ads to poorly targeted audiences. Job titles like "Financial Analyst" and "Accounting Assistant" with no seniority filters. Junior bookkeepers at 10-person firms were seeing the same ads as CFOs at scaling FinTech companies. No remarketing, no company size filters. Leads included interns, students, and people at companies well below ICP.

No offline conversions on either platform. The algorithms were completely blind to what happened after a form fill.

The founder's exact words: "I think Google is working, but honestly, I can't prove it."

What I Found

What I Found

What I Found

  1. Data infrastructure was broken at the foundation. GTM container had duplicate conversion tags inflating Google's reported conversions by ~25%. The "demo_request" event in GA4 was triggering on page load of the thank-you page, catching bot traffic and accidental navigations. Pipedrive deal stages existed but weren't mapped to any ad platform.

  2. Budget was feeding the wrong campaigns. 58% of spend on broad match with near-zero pipeline. Performance Max looked like the winner on paper — cheapest CPL, zero opportunities. The best-performing ad in the LinkedIn account was getting less than 10% of the budget.

  3. No awareness layer existed. Every dollar across both platforms was going to bottom-funnel conversion ads to cold audiences. No remarketing pool, no content promotion. Cold "Book a Demo" to strangers.

Based on these findings, I structured a 90-day roadmap in three tiers — prioritized by immediate revenue impact.

The Roadmap

The Roadmap

The Roadmap

🔴 Critical fixes (Week 1–2): Fix duplicate GTM tags. Consolidate Google to one primary conversion action. Pause all broad match and Performance Max. Set up offline conversion imports from Pipedrive to both platforms. Immediate impact: $7K/mo in wasted spend recovered, clean signal for the algorithms.

🟡 Quick wins (Week 3–4): Build negative keyword lists seeded from 6 months of search term data and share across all campaigns. Tighten LinkedIn targeting — exclude irrelevant titles, add company size and seniority filters, restrict to target industries. Rewrite the top-performing LinkedIn ad (the one with the specific pain-point hook that was getting less than 10% of the budget) and shift allocation toward it.

🟢 Scale opportunities (Month 2–3): Restructure Google into intent-based campaign groups (branded / high-intent exact+phrase / competitor). Launch a LinkedIn awareness layer — customer proof content and product walkthroughs — to build a remarketing pool before running conversion ads. Once the pool hits 1K+, layer in demo CTAs to warm audiences. Test landing pages with outcome-specific headlines vs. the generic "Book a Demo" page.

The client executed the critical fixes and quick wins internally within 3 weeks, using the roadmap as a step-by-step guide. I stayed available for two months after delivery — clarifying specifics as questions came up and sharing references where needed. Implementation was fully on their side.

Results

Results

Metric
Delta
Timeframe

Cost per Opportunity

Cost per
Opportunity

−28%

60 days

Lead-to-Opportunity rate

Lead-to
Opportunity
rate

4% → 7% (+78%)

60 days

Opportunities

+58%

60 days

MQL volume

−13% (by design)

60 days

Ad spend (total)

Ad spend
(total)

$24K → $17K (waste cut)

Immediate

Based on 6 months of historical data cross-checked with Pipedrive deal stage progression.
"Qualified" = demo completed + confirmed budget and timeline by SDR.

Based on 6 months of historical data cross-checked with Pipedrive deal stage progression.
"Qualified" = demo completed + confirmed budget and timeline by SDR.

Key Takeaways

Key Takeaways

Key Takeaways

"Good CPL" was the most dangerous metric in this account. The founder had been using CPL as the primary health indicator. But cheap leads from broad match and PMax were masking the real problem: zero pipeline from 58% of the budget. CPL went up after the fixes — and that was the right outcome.

The 4-conversion-action setup was the root cause, not just a symptom. Consolidating to one clean primary goal was the single highest-impact change.

"More than seven thousand a month to keywords with nearly zero pipeline. That one finding alone more than covered the cost of the audit." — Co-founder

"Good CPL" was the most dangerous metric in this account. The founder had been using CPL as the primary health indicator. But cheap leads from broad match and PMax were masking the real problem: zero pipeline from 58% of the budget. CPL went up after the fixes — and that was the right outcome.

The 4-conversion-action setup was the root cause, not just a symptom. Consolidating to one clean primary goal was the single highest-impact change.

"More than seven thousand a month to keywords with nearly zero pipeline. That one finding alone more than covered the cost of the audit."
— Co-founder

This is exactly what the Paid Media Audit
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This is exactly what the Paid Media Audit delivers

This is exactly what the Paid Ads Diagnostic delivers

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