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Home Case Studies Credlix – B2B Finance Lead Gen
B2B Finance Google Ads Lead Generation Multi-City

How I Drove 3,614 B2B Leads for Credlix at ₹280 CPL

Credlix is a fintech platform offering trade finance solutions — import factoring, EXIM financing, and domestic working capital — to Indian businesses. When I took over their Google Ads account, the challenge was generating quality B2B leads at scale across multiple verticals and geographies with a controlled cost per lead.

Oct 2024 – Mar 2026
6 Campaigns Managed
India + Mexico
Campaign Overview
Oct 2024 – Mar 2026
3,614
Total Conversions
₹280
Avg CPL
13.3%
Avg CVR
10.1%
Avg CTR
Total Spend ₹10,11,970
Total Impressions 2,70,691
₹81
Best Month CPL
Apr 2025
22%
Peak CVR
Jan–Feb 2025
6
Campaigns Managed
India + Mexico
400+
Change History Events
Active Optimisation
The Challenge

A Niche B2B Product with Complex Buyer Intent

Trade finance is a high-intent but low-volume search category. The target audience — importers, exporters, and working capital-seeking businesses — searches using highly varied terminology. The account was running broad geo-targeting at a pin-code level across 36 locations, with no negative keyword architecture and limited RSA variants.

Irrelevant traffic from personal loan, education, and MSME-related searches inflating CPL

No city-level or product-level campaign segmentation — everything lumped into single campaigns

Mexico campaign running without Spanish-language validation and missing crucial negative keywords

No audience segmentation or age exclusions — budget wasted on non-decision-maker profiles

The Objective

Drive Qualified B2B Leads at a Scalable CPL

The business needed decision-maker-level leads — CFOs, business owners, and procurement heads — who were actively seeking trade finance. The goal was to build a structured, scalable account with product-level and geo-level visibility while keeping CPL in a commercially viable range.

Build separate campaigns for each product vertical (Import Factoring, EXIM, Domestic Shield, Buyer-Supplier)

Implement a rigorous negative keyword architecture to eliminate non-business intent queries

Expand into the Mexico market with a localised, geo-targeted campaign structure

Run parallel CVO (Conversion Value Optimisation) testing on the Domestic Shield vertical

My Approach

The Strategy I Executed

A structured, phase-by-phase playbook tailored for B2B fintech lead generation

1

Negative Keyword Architecture

Added 58 negative broad match keywords in the first sweep — eliminating searches for personal loans, Mudra schemes, education, jobs, kirana, and other B2C noise. This alone reduced wasted spend significantly in the first 30 days.

2

Product-Level Campaign Segmentation

Restructured the account into 6 distinct campaigns — Import Factoring, EXIM, Domestic Shield (two variants), India Buyer-Supplier, and Mexico. Each campaign got its own budget, bid strategy, and ad copy tailored to the specific product and buyer persona.

3

Responsive Search Ad Optimisation

Continuously tested and refreshed RSA assets across all campaigns — updating headlines, descriptions, and CTAs to align with search intent. Multiple RSA variants were A/B tested to identify top-performing asset combinations per vertical.

4

Geo-Targeting Refinement

Replaced 36-pin-code targeting with broad India country-level targeting for Import Factoring, while the EXIM campaign added negative country restrictions. Mexico campaign received granular geo-targeting by trade corridor cities.

5

Audience & Age Exclusions

Applied negative age ranges and added data segments to the EXIM campaign to focus budget on decision-making demographics (business owners, senior management). This improved CVR quality, not just volume.

6

CVO Parallel Testing

Ran a separate Benefits-Focused CVO variant of the Domestic Shield campaign with 3 new ad groups, fresh RSAs, and a distinct bidding strategy. This allowed direct comparison of benefit-led vs feature-led messaging on CVR performance.

Performance Journey

From Ramp-Up to Peak Performance

Oct – Dec 2024 Setup Phase

Account restructured, campaigns rebuilt from scratch. CPL initially high at ₹339–₹536 while learning period completed. 528 conversions at ₹193 avg CPL by December.

528 conversions | ₹1,01,952 spend
Jan – Apr 2025 Breakthrough

The strategy kicked in. CVR peaked at 22% and CPL dropped to record lows — hitting ₹81 in April and ₹105–₹116 in Jan–Feb. 3,269 conversions in just 4 months.

Best CPL: ₹81 (Apr 2025) | 22% CVR
May – Dec 2025 Scale & Sustain

Maintained consistent performance at ₹350–₹420 CPL with high volume — 10,000+ impressions monthly. Launched Mexico campaign, expanded EXIM with 80+ new keywords, and ran CVO testing on Shield.

~2,000 conversions | CTR holding at 9–12%
Jan – Mar 2026 Active

Account continues running with stable CTR of 10.5–11.3% and CVR of 11.5–12.5%. ₹370–₹385 CPL range — competitive for B2B fintech. 590 conversions in Q1 2026 alone.

590 conversions | Avg CPC ₹43–₹46
Key Metrics Snapshot

Performance by the Numbers

Best Month CTR 15.8% (Apr 2025)
Peak CVR 29.1% (Apr 2025)
Avg Account CTR 10.1%
Avg Account CVR 13.3%
27,258
Total Clicks
₹37.1
Avg CPC
2.7L+
Impressions
2
Countries (India + MX)
Campaign Breakdown

Performance Across All 6 Campaigns

Each campaign was built and managed independently with tailored strategy for its vertical and audience

Campaign Vertical Geography Focus Key Wins Status
Import Factoring
Lead Gen
Pan India Trade Finance 58 negatives added, geo expanded from pin-code → India, RSA refreshed Active
EXIM – Lead Gen
Export-Import
India EXIM Finance 80+ keywords added across 3 match types, data segments + age ranges applied Active
Domestic Shield
Lead Gen
India Working Capital 51+ keywords managed, 2 pause/activate cycles, 7 RSA edits, 3 budget adjustments Active
Domestic Shield CVO
Benefits-Focused
India CVO Testing 3 new ad groups, 3 RSAs, parallel A/B test vs feature-led campaign Active
India Buyer-Supplier
B2B Trade
India B2B Finance 85+ keywords in initial build, 4 RSAs, custom goal tracking, A/B ad group testing Active
Mexico – Lead Gen
International
Mexico International 50+ keyword iterations, 5 RSA updates, 15 negatives, 2 activation cycles Active
Key Takeaways

What This Campaign Proved

Negative Keywords = Biggest ROI Lever

In B2B fintech, eliminating bad-fit searches (personal loans, education, jobs) delivers more value than adding new keywords. The 58-keyword negative build in week 1 was the single highest-impact action in the account.

Product-Level Segmentation Unlocks Insights

Keeping Import Factoring, EXIM, and Domestic Shield in separate campaigns made budget decisions clearer and allowed different bidding strategies per product — something a unified campaign simply can't do.

B2B Lead Gen Rewards Patience

The first 3 months (Oct–Dec 2024) showed high CPL. By Feb 2025 — after structural changes settled — CPL hit ₹75. The account needed time to learn, but the architecture set it up to scale efficiently once it did.

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