AkawoPay — Case Study — Sola Eludoyin
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Case study

AkawoPay

Taking a pre-launch BNPL product from idea to its first 50 businesses.

Product Marketing Product Growth GTM Market Research B2B Acquisition
AkawoPay website, business view: Offer Buy Now, Pay Later with AkawoPay
The challenge

A waitlist isn't a go-to-market motion

AkawoPay is a BNPL platform for businesses and individuals. I joined as a Product Growth Specialist while the product was still being built. The initial plan was simple: get people onto a waitlist.

I challenged that approach because the product wasn't launch-ready yet. A waitlist without a clear next step would only create a pile of leads without a path to activation. So I focused on building the foundations for a real go-to-market motion — from positioning and research through acquisition, business development, onboarding, and activation.

What I did

Built the GTM motion the product didn't have yet

Before acquisition could work, the product needed a clear story and a clear order of operations. I worked both ends — the positioning and the go-to-market sequence.

Audited the product and found the real problem

I audited the MVP, Figma designs, website, messaging, audiences, and user journeys. The biggest issue was clarity — the website was speaking to businesses and individuals at the same time, making the value proposition difficult to understand. I recommended separating the experiences and simplifying the messaging around what AkawoPay actually enabled each audience to do.

Business experience
AkawoPay website, business toggle: Offer Buy Now, Pay Later with AkawoPay
"Offer Buy Now, Pay Later with AkawoPay. We handle the credit, you get paid immediately."
Personal experience
AkawoPay website, personal toggle: Buy what you need now, pay little by little
"Buy what you need now. Pay little by little." — same product, its own pitch for each audience.

Researched the market and the competition

I researched how potential customers handled cash-flow constraints, borrowing, support from family and friends, and existing alternatives. I also studied competitors including Carbon and other fintech/BNPL providers to understand their positioning, offerings, messaging, and pricing — which shaped the audiences we prioritized and how we talked to them.

Built a B2B-first GTM motion

Businesses needed to be onboarded before the consumer side of the marketplace could become useful, so I sequenced the motion accordingly: Acquire businesses → Qualify → Contact → Onboard → Integrate → Build supply → Expand to consumers.

Operated as the business development layer

I didn't stop at generating leads. I personally qualified prospects, contacted businesses, followed up with them, and acted as their primary point of contact through onboarding — effectively running the BD function myself rather than handing leads off to a team that didn't exist yet.

How I approached it

Business-first, by design

1 Acquire Meta Ads to businesses 2 Qualify & contact Criteria + personal outreach 3 Onboard & integrate Platform + website setup 4 Build supply Enough businesses live 5 Expand to consumers Marketplace becomes useful

Not a loop — a sequence. The marketplace only works once enough businesses are live, so every early decision was made in that order.

Execution

Where the strategy became real work

The receipts — how leads actually got generated, sorted, and turned into onboarded businesses.

Campaign

Meta Ads for business leads

Used Meta Ads to generate business interest, running multiple lead campaigns tied directly to website registration completions.

Meta Ads Manager showing Lead Campaign 2 with 67 completed registrations at ₦528.67 per result
"Lead Campaign 2" alone drove 67 completed website registrations at ₦528.67 per result — one of three campaigns running.
Ops

A real qualification system, not just a lead list

Built qualification criteria around active business and online presence, suitable business model, a live website, ability to integrate with the product, and fit with AkawoPay's target use cases — then personally called and followed up with every qualified business, tracking status by hand.

Lead qualification spreadsheet with color-coded status: qualified but unreachable, ready to start, unqualified, not ready
The actual working sheet — colour-coded by qualification status, updated after every call.
Product

Separate onboarding for individuals and businesses

Built distinct onboarding flows for each audience — including a KYC step for businesses — plus customer events and metadata to support segmentation and lifecycle messaging afterward.

Onboarding engagement dashboard showing individual and business flows reaching customers
Both flows live and reaching real customers — 19 individuals, 11 businesses, tracked separately.
Experiment

Re-engagement emails for cold leads

For previously generated leads that had gone cold, set up activation email flows to re-engage them and move them toward taking action — turning "Lead → ???" into "Interest → Understanding → Onboarding → Activation."

Results

What the work actually moved

50+
businesses acquired
0→1
B2B acquisition motion built from scratch
2
distinct audience experiences shipped
Key learnings

What this project taught me

"Lead generation is not acquisition."

A lead only becomes valuable when there's a system for qualifying, converting, and onboarding them.

"GTM gets messy in the real world."

You don't always have a sales team, product team, or lifecycle marketer sitting beside you. Sometimes you have to become all three.

"Product growth starts before the product launches."

Research, positioning, onboarding, and activation decisions can determine whether acquisition eventually works.

"The best growth operators get close to the customer."

Calling prospects, handling objections, and personally onboarding businesses gave me insight that dashboards alone couldn't provide.

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