Acquisition & Activation · v2

Domain KPI Tree

Read it bottom up. Each team moves its input metrics, which drive its output metric. Team outputs roll up into the domain KPIs, and those ladder into the company North Star.
Teams → domain → company North Star
Company North Star
Weekly Value Actions (Transactions)
Members × Frequency = Growth
Total economically meaningful actions per week (cashback activations or tracked purchases, voucher redemptions, gift card purchases, and bonus rewards earned: welcome, top-up, streak). Key driver: transactions per member. Guardrail: Monthly Active Users (protect the base).
Source: 2026 Strategy Playbook.
MEMBERSgrow the base
Acquisition
New members signed up: verified sign-ups plus referral sign-ups.
Owned byCCEMarTechL&E RAF
Activation (M1)
First cashback transaction within 30 days of signup. Scope: cashback + gift card (coupons excluded).
Owned byCCE
P1 · current focus
Reactivation
Win back lapsed users. Track how many we lose year on year and reactivate them (~250K migration-lapsed today).
Owned byL&ECRMCCE
×
FREQUENCYtransact more often
New KPI · no dashboard yet
Early Retention
Activated within 30 days AND a 2nd transaction in the next 30 days.
Owned byL&ECCE
engagement KPI
Engaged Buyer
2 transactions at 2+ merchants within 60 days of signup (L&E KE4). One level below activation.
Owned byL&E
Device Engagement
Clickouts per active user, plus deduplicated MAU and stickiness across the extension and app. These two devices are the main transaction engines, not a side topic.
Owned byExtensionApp
MarTech foundation
Every euro measurable, every message deliverable. Attribution, S2S tracking, and CRM messaging (CRM-attributed revenue share) sit under every KPI above. If the plumbing is off, none of the numbers can be trusted or acted on.
Each team: input metrics (examples) → output metric
CCE
Onboarding funnel
Activate every signup.
Rolls up to: Activation (Members)
Input metrics (examples)
signup form completion %onboarding step completion %device adoption (app / extension install)favourite merchant set %2 consecutive active daystime to first cashback
Activation rate (30d)
first cashback within 30 days of signup: monitor overall and by channel (RAF / paid / organic)
L&E
Refer a friend
Turn users into a growth channel.
Rolls up to: Acquisition (Members)
Input metrics (examples)
% of active users who refer% who shared their linkinvite acceptance ratereferral funnel conversion (referred to signed up)
Referral sign-ups
read vs last month, last quarter, last year, never as a single point. K-factor is the goal, not yet tracked. Downstream activation sits with CCE (they drive most of that KPI).
L&E
Incentive bonus
Make staying more valuable than churning.
Rolls up to: Early Retention + Engaged Buyer
Input metrics (examples)
bonus activation / take ratewelcome bonus redemption raterepeat purchase rate of recipientsreactivation rate from campaignsmulti-device penetration via bonus (first or re-triggered app / extension txn)offer-type penetration via bonus (first gift card purchase)
Incremental transactions
do bonus-activators transact more than non-activators (net of bonus cost), and does the bonus unlock new surfaces and offer types
L&E
Missions & streaks
Sequenced goals, with or without a bonus, that build the repeat habit.
Rolls up to: Early Retention + Engaged Buyer
Input metrics (examples)
mission start rate (starters / exposed)completion rate by mission type (volume / reactivation / merchant)avg steps completed (drop-off point)reward credit success %no-bonus repeat rate 30 / 60d
Transaction frequency lift (90d before vs after)
for mission completers: transactions per user in the 90 days after mission start vs the 90 days before it
L&E
Top-up bonus
Reward repeat spend, within budget.
Rolls up to: Engaged Buyer (repeat purchases)
Input metrics (examples)
retailer coverage (top = ~80% of revenue)bonus face valuetop-up take rate (redeemed / shown)cashback activation uplift when top-up is shown on the merchant card
TBD
output under debate. Current candidate: incremental txns per EUR of bonus, extra transactions one euro buys beyond what boosted shoppers would have bought anyway
Browser Extension
Extension funnel
Highest-converting, most mature metrics.
Rolls up to: Device Engagement (Frequency)
Input metrics (dashboard 83)
# installs (new vs reinstall)daily active extensions (callmums)login rateclickouts per userclickout to txn conversion %auto cashback activation %uninstall rate
Clickouts per active user + transactions
transaction volume and revenue on the extension
Mobile App
App shopping experience
End-to-end mobile shopping (gift card = named Q2 bet).
Rolls up to: Device Engagement + Members (installs)
Input metrics (dashboard 1970)
weekly installsweekly activationgift card purchase %weekly P2E players (iGraal Play)session to clickout %session conversion rateretention 30 / 60 / 90dstickiness (DAU/MAU)crash-free sessions %
Weekly transacting users + app installs
WAU is replacing MAU as the app north star
MarTech
Attribution & S2S tracking
Every euro measurable.
Enables: all domain KPIs
Input metrics (examples)
tracking tag coverage %S2S consent rate (~26% web, hard cap)data sync freshnessmatch rate improvement
Attribution match rate
% of conversions we can measure and act on
MarTech
CRM & lifecycle messaging
Every message deliverable. We build and run the tools; the CRM team steers the campaigns on them.
Supports: reactivation + frequency
Input metrics (examples)
email delivery ratecampaign CTRcampaign transaction ratereachable audience %
CRM-Attributed Revenue Share
tracked in the monthly CRM deep dive, together with the CRM team

How this ladders up

Each PM owns the input metrics for their major features and checks them weekly. Those inputs move the team output. Team outputs drive the domain KPIs (as drivers, not always as arithmetic sums: some are rates or lift-vs-baseline studies), and the domain KPIs are how Acquisition & Activation moves the company North Star.

Sources: 2026 Strategy Playbook, Extension dashboard 83, App dashboard 1970.