Case Study Deskcasestudydesk.com
Financial ServicesSourced

Case Study: Salt Bank raised activations 80% using Amplitude experimentation

Salt Bank Case StudySourced & dated by Case Study Desk
Key facts · TL;DR
Company
Salt Bank
Industry
Financial Services
Challenge
Signups doubled projections but activation lagged
Headline result
Romania's first fully digital neobank fixed its onboarding funnel with Amplitude, lifting activations 80% and 7-day purchases 50%.

Key results

80%
Increase in activations
Time to activation cut to under a day
50%
More customers purchasing within 7 days
2x
Initial active-user projections
Over 500,000 active users in year one

The challenge

Salt Bank, Romania's first 100% digital neobank, launched in 2024 and drew double the signups it expected, but its activation rate was well below target. Many new users were not activating their accounts, in part because they had not yet received physical cards and did not realize they could pay digitally through the app.

The solution

Using Amplitude Analytics and Amplitude Feature Experimentation, the growth team identified drop-off points, tested variations of the onboarding flow to get users past an ID-verification roadblock, and retargeted in-app messaging around the app's digital-first card and mobile-wallet features.

We want people to make a leap from their traditional bank into the digital world.

AC
Adrian Chirila
Head of Growth, Salt Bank

The results, in context

Data-backed changes produced an 80% increase in activations and shortened time to activation from several days to less than a day. Salt Bank also saw a 50% increase in customers making purchases within seven days, and within a year secured over half a million active users, twice its initial projections.

Products used

Amplitude Amplitude AnalyticsAmplitude Amplitude Feature Experimentation