PMM Challenge
A regulated payments product with genuine technical strength was losing customers at onboarding, not because the product was wrong, but because the communication of it was.
Goal
Remove the trust and clarity gap between Modulr's infrastructure capability and the SME operators who needed to adopt it quickly, inside a regulated environment that made everything feel harder than it was.
ICP
Finance and operations leads at UK SMEs: typically CFOs, Finance Managers, or Ops Directors at companies between 20 and 200 people. They were not developers. They were time-poor, compliance-aware, and making a vendor decision that carried personal risk if it went wrong. They needed to feel confident before they committed, and the existing experience was giving them reasons to hesitate.
Key insight: these buyers were not dropping off because of price or feature gaps. They were dropping off because regulatory language was doing the customer communication job, and failing. Compliance copy and product marketing copy had never been separated.
Positioning
Modulr needed to be positioned not as a payments API, but as the fastest path to embedded payments that a non-technical SME operator could trust and act on. The positioning problem was that the product spoke fluently to developers and compliance teams, but not to the operators who had to sign off on adoption.
The shift: from infrastructure product to trusted onboarding partner for regulated payments.
Messaging
Before: feature-led, compliance-forward, process-heavy.
After: outcome-led, confidence-first, with compliance reframed as a signal of safety rather than a barrier to entry.
The core message became: you can be live in minutes, and the regulation is working for you, not against you.
Objection handling was rebuilt around the three questions SME operators actually asked, not the questions the product team assumed they asked. This came directly from sitting on sales calls and win/loss analysis across 30+ deals.
The Key Decision
Most teams would have treated a long onboarding time as a process problem and handed it to operations. I treated it as a communication problem and worked backwards from where customers were losing confidence, not where the workflow was slowest. That reframe changed what we built.
GTM Motion
- Embedded in sales calls to hear objections in real time, not filtered through a CRM
- Ran win/loss analysis across 30+ deals to identify the pattern beneath individual losses
- Translated findings into battlecards and objection-handling frameworks that went directly into commercial team workflows
- Implemented Mixpanel across the onboarding portal to turn gut feel into testable hypotheses
- A/B tested onboarding flow copy and structure, treating each iteration as a market signal
- Led requirements gathering for UK → EU expansion, translating compliance constraints into product and messaging specifications
Outcome
SME onboarding reduced from 2 days to 30 minutes for 83% of applicants. Deal conversion improved by 11% through structured sales enablement. The win/loss programme became a standing commercial intelligence function.