Fintech Lead Generation Strategy – 118 leads in 8 Weeks

If you’re in the FinTech space, this article will show you how to generate 10-15 qualified leads per week using nothing but LinkedIn.

In this article, we will share a recent case study and the strategy we used to help our client, RegAlytics, a fintech company land a six-figure deal.

We will also share how we generated 118 in 8 weeks and even the replies we got from prospects during our fintech lead generation campaigns.

Why would we do this? 

Well, we would like other Fintech companies to see how we can help them generate the same high-quality leads in a matter of weeks. 

This article is for you if you have been struggling to find qualified leads for your business in the fintech space.

(Feel free to use some pointers mentioned in your lead generation strategy, or let’s hop on a free 15-minute strategy session to get you those leads. You could also read this article for more information on our agency. Our work on RegAlytics has led to several large signed deals.

RegAlytics: Who they are and what they do

RegAlytics provides accurate, clean, vetted, daily regulatory data from US regulators that is enriched by regulatory experts and delivered in the most flexible format available. Because of this, they save their clients hours of sifting through complex and confusing regulatory announcements. 

Mary Kopczynski, the CEO of RegAlytics is recognized as one of the leading financial regulatory crisis gurus, having advised some of the world’s largest global investment banks in regulatory change management.

Besides this, she has been featured on TV, in various articles on the internet, and has also been published in Forbes Magazine.

NOTE: When a company is well known, or when a CEO/founder is well known in the industry, it really helps with generating new leads. 

Why?

Because if a company has a good reputation, a great track record, accolades, and accomplishments to back them up, then potential customers are going to trust them. 

This is what happened with Mary and RegAlytics, because she was so well known in the industry and had such an incredible track record with years of experience, and accomplishments behind her name, it just propelled our marketing campaign forward in a really positive way ( metrics to come).

This is certainly one strong aspect that accounts for our success during these outreach campaigns. 

Why RegAlytics hired Salesbread

A bit of background…

The story of how RegAlytics hired us is quite an interesting one. 

Their salesperson was an avid listener to our podcast.  When their salesperson resigned, they told RegAlytics to call Salesbread. 

Why? Because she knew from the podcast that Salesbread had the right strategy for booking more qualified leads. 

Mary then hopped on a call with us and fast forward 13 months later, we are still working together. 

Back to the story…

RegAlytics was looking to sell specific fintech data, and they hired us to help them do so. 

Their AI tool helps companies, like Fortune 500 companies, and smaller fintech startups stay updated on regulatory issues.

Their ideal target audience was investors and CEOs in the fintech industry. 

The campaign was very industry-specific, therefore when prospects received messaging they knew that Mary had a true grasp of what they were dealing with.

The outreach was very specific to the prospect’s world, so to speak, therefore accounting for the ongoing success of these campaigns. 

Our fintech lead generation strategy

Step 1: Build a list of prospects

The first thing that we needed to do was build a list of founders, CEOs, and investors in the fintech space.

At the beginning of this outreach campaign, we used Crunchbase to find the relevant companies that RegAylitics wanted to target.

Once we found them, we used LinkedIn Sales Navigator to find the right people at those companies to target. 

Step 2: Filter by their second-degree network on LinkedIn

The next step in the process was to filter this list through Mary’s second-degree network on LinkedIn and only connect with those who had a mutual connection with Mary.

Why do we do this?

Because there is a shared connection, people are more likely to accept your connection request message, thus increasing the campaign’s acceptance rates. 

PRO TIP:

If you want to go after fintech leads, be sure to use Linkedin filters so that you are ONLY reaching out to people who are active on the platform.

If you find prospects who aren’t active on LinkedIn, add them to an email campaign. 

Step 3: Connect with the right prospects via Linkedin

Once we had the right list of people to target, we then sent them connection request messages;

These messages were personalized and included something industry-related. We also mentioned a shared connection and that we would like to connect with them.

The result?

Out of 1005 connection requests sent, 444 connected.  

This gives us a connection rate of 44.2%

Step 4: Once connected, we followed up and asked for a meeting. 

Finally, we wrote ultra-personalized messages for each prospect who connected with us. It took about 5 – 10 min to research each person so that we could write a message specifically for them. 

Personalization is so important in these campaigns because it makes the prospect stop and think.

It breaks the pattern of just deleting or ignoring a message.

Why?

Because when you mention something about the prospect in your message, it makes them curious. 

It’s also important to always ask for a call or a meeting in these messages. In fact, in our first touch message, we asked the prospect what would work for them for a call. 

Did this work? 

Take a look at our stats.

We contacted 303 people, and out of this 29.3% responded positively to our messages.

 Some of the replies we received

Why the success and great replies? Here are our top tips:

When it comes to fintech lead generation strategies there are a few things that you should consider before reaching out. 

Think about:

• What’s in your message – (Do you have relevant content ?)

• How long is your message or cold email?

• Do you have a clear CTA ?

• Have you done enough research for in-depth personalization?

• What’s your segmentation like? (Is it spammy, or well-spaced?)

• Do you sound pushy and salesy in your messaging? Or are you more interested in the prospect and their pain points?

Tip 1: Keep your messages short

In both our connector messages and follow-up messages, we made sure that they were short. There were less than 50 characters. Why?

Think about it. When you receive a long email from a stranger, do you read it? Most probably not. 

People don’t have time in their busy lives to read essays. So keep your messages short when reaching out to decision-makers. 

Tip 2: Don’t be a pushy salesperson

One of the fastest ways to put a prospect off is by pushing your sale. DO NOT DO THIS. 

Salesbread always follows the 90/10 rule. What does this mean? It means talking about yourself only 10% of the time for context and talking about the prospect 90% of the time. 

Never sell in your messages, but rather wait for the call/meeting to discuss how you can help the prospect with their pain points. 

Tip 3: Use personalization

The problem with some marketers is that they take a list of people, add them to an email marketing campaign, and send automated messages to everyone on that list.

Oftentimes, the message is the same. People know when a bot is reaching out to them, and because there is so much spam messaging out there, all prospects will do is hit delete, or ignore the message. 

This is why personalization is so important. Yes, it does take time. Yes, it might seem tedious. BUT it’s the only way that you will get a prospect to notice your message. 

Why?

Adding in something about the prospect creates a “pattern interrupt.” – This means that the potential customer notices something out of the ordinary from their usual messages. 

If you receive a message that says: 

“Hey, I really enjoyed your webinar on XYZ, would love to connect and hear more. ” 

or 

“Your post on social media marketing was really interesting, I liked XYZ. Would love to connect and hear more about your digital marketing expertise.”   

If you send personalized messages, the chances of the prospect responding will definitely be higher.

This will help you get your foot in the door for further discussions. 

Tip 4: Be careful with your segmentation

Another mistake that some people make is to send messages or emails daily. (worst case, a few in 1 day.) Check your cadence.

If you are sending messages one after another, it comes across as spammy.

We suggest using the Fibonacci sequence to ensure that you don’t reach out too often or too little.

The Fibonacci Sequence is the series of numbers:

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, …

The next number is found by adding up the two numbers before it:

the 2 is found by adding the two numbers before it (1+1),

the 3 is found by adding the two numbers before it (1+2),

the 5 is (2+3),

and so on!

So you can then use this sequence for outreach cadence.

You start by sending your emails or LinkedIn messages quite close together. You would send a message on day 1, day 2, day 3, and then on day 5, 8, 13, and so on.

This helps in the sense that initially, your emails are frequent, but then they slow down over time.

You will have the benefit of expanding your campaign over time so that you can reach your prospects at the right time for them.

Tip 5: Have a clear CTA

A clear CTA lets the reader know what you would like them to do.

So if you are after a meeting, ask the prospect to book in your calendar link, or even better, ask them if you can schedule a quick meeting in your calendar for a time and day that suits them. 

Here are some examples:

1. Are you available for a 10-minute chat sometime this week?

2. How about a quick 5-minute call next week to discuss more?

3. What will it take to get 10 minutes on your calendar next week?

4. Can I steal you away for a 10-minute phone call when it suits you?

5. Let’s catch up for 15 mins. Just select any date and time on my calendar link.

That’s the strategy we used to help RegAlytics get more business. If you’re interested in getting the same results, hop on a free 15-minute strategy session with the founder of SalesBread, Jack Reamer.

Other fintech lead generation strategies to use:

Inbound lead generation for fintech companies

SEO strategy & Content marketing

A smart SEO strategy and content marketing can still go a long way in the world of fintech. For example, if you create helpful content that your ideal customers want to read, the chances of them viewing you as an industry leader are going to be high. Especially if you keep on creating helpful content. This could be via blog posts, or even on LinkedIn itself.

Remember to also go after high-intent keywords when writing blog articles.

For example, think about, what would someone Google if they were specifically looking for a service like yours? It might be “top fintech solutions”, or “Best fintech companies”

Remember to also be cautious of the keyword difficulty. If it’s too high, you might struggle to get your article to rank. Try to choose a keyword that has a decent amount of traffic AND a lower difficulty score. This will help you generate organic leads.

LinkedIn ads

We don’t support LinkedIn advertising. The reason is, that many clients have told us that they tried to use LinkedIn ads in the past and spent thousands of dollars on advertising, and didn’t get receive 1 qualified lead.

We prefer to use outreach in our lead generation efforts. We just see way better results, especially in the fintech sector.

If you really want to try LinkedIn ads, have a budget, stick to it, and try it for 3 months. If it doesn’t work, try a different approach. Sometimes trying different lead generation channels is the best for getting high-quality leads.

Hire a top fintech lead generation agency

If you are a fintech startup, or a veteran financial service provider, and would like more qualified leads for your business, it might help to hire an agency that has already gotten results for a business like yours.

An agency will have the experience and time to generate high quality leads that actually convert.

As you can see from the case study above, SalesBread has already helped a fintech agency generate leads that went well into 6 figures.

If you would like the same help, reach out to us for a free strategy session.