X-SQUARE CAPITAL

Forget UGC. Employee Generated Content + the right fundamentals unlocked 5× growth.

5
x
New customers with funded accounts YoY
-56
%
nCac - Avg YoY
Launch Date
May 2025
Country
Puerto Rico
Industry
Fintech
Solutions
  • Paid Growth
  • Funnel Architecture
  • Creative Strategy

Introduction

X-Square Capital needed more funded accounts. The product was strong, the market was there, but paid acquisition wasn't compounding  it was flatlining. Monthly new account volume had been inconsistent for over a year, with no clear system connecting the website, the ad platforms, and the conversion funnel.

Incrementalist entered in May 2025. The first three months looked quiet from the outside. The numbers barely moved. But underneath, everything was being rebuilt.

The challenge

Volume without a system

X-Square had been running paid media, but without a unified acquisition architecture. The website was institutional, not built for conversion. Campaign structure was generic — no segmentation by persona or funnel stage. And there was no measurement connecting what happened after the click to what the platforms were optimizing for.The result: spend going in, inconsistent results coming out. The kind of problem you can't solve by increasing budget.

The Strategy

build the system, then let it compound

Incrementalist didn't start by scaling spend. We started by rebuilding the foundation knowing that the first months would look slow, but that a properly built system compounds over time.

Three workstreams ran in parallel:

Funnel UX Architecture

Redesigned the entire web experience from institutional to acquisition-first. Clear conversion paths, reduced friction, and every page built to move users from awareness to funded account. The funnel was instrumented end-to-end: pixels tracking completed registrations and funded deposits, feeding high-quality signals back to Meta and Google for smarter optimization.

Andromeda-Fed Creative Strategy

Instead of chasing UGC trends, we leaned into what we callEnterprise Generated Content leveraging X-Square's own team, credibility, and brand authority as the creative engine. Real people from the company, speaking to real pain points, produced at volume and structured by funnel stage. Andromeda, our creative diversification framework, ensured the algorithm always had fresh signal to optimize against.

Full Funnel Measurement

Every campaign was connected to downstream business events. No vanity metrics. The platforms learned what a quality user looked like, not just someone who clicked, but someone who signed up, deposited, and funded an account.

The numbers tells the story

5 x

new customers with funded accounts YoY

8

consecutive months of accelerating growth

End-to-end

funnel instrumentation from ad click to funded account

What made the difference

1

Patience to rebuild the foundation

The first three months showed minimal movement. Most would have panicked or pivoted. We stayed the course because we knew the system was being built correctly.

2

Enterprise Generated Content > UGC

For B2B fintech, credibility beats casualness. Real team members, real expertise, structured production. That's what converted.

3

Systems compound, tactics don't

We didn't look for hacks. We built a measurement infrastructure that fed quality signals back to the platforms, creating a flywheel that accelerates over time.

Ready to build a system that compounds?

Let's talk about your acquisition fundamentals.