Blog
Login
Login
products
about Rho
customers
Blog

Corro Clears Hurdles and Boosts Growth With Rho

How Rho’s flexible business banking platform breaks down traditional financing barriers to help drive success.

Industry

eCommerce

Products

Banking

Corporate Cards

60d172f6d9676956d74e10cd Corro Hero Image-min
3X
Credit limit increase
1.5%
Cash back on card spend
15 Minutes
Saved per wire sent
Overview
The Challenge
& Solution

As a growing business, Corro found itself saddled by the arduous, inflexible processes of their traditional bank. The company turned to Rho, whose products and services saved Corro time while increasing their credit limit by more than 3x, fueling their next level of success.

About The Client
Equine Experts
logo header

Corro is a venture-backed, e-commerce platform looking to make a difference in the equine industry. With a clear sense of purpose (offering clients the best shopping experience and highest quality products to care for their horses) and a vision for where they wanted to go, they needed financial flexibility, a higher credit limit, and efficient banking tools to get there.

60d07662cf2d5156cb634832 corro-divider-min
The Challenge
The Problem With Traditional Banking

Corro realized that their conventional bank wasn’t meeting their needs. COO Drew Rudebusch, saw firsthand how onerous policies and clumsy processes were stifling the company’s growth.

“Any time spent managing banking is time spent not working on operations,” he said.

According to Rudebusch, Corro’s original bank acted more like a gatekeeper than a partner. Their dated approach to customer experience, copious paperwork, and time-consuming back and forth gave Corro very little leeway when it came to investing in growth. “It was like pulling teeth. We had to pay our card every other day just to make sure we still had available credit.” says Rudebusch.

After growing frustrated with restrictive policies and a lack of support, Corro partnered with Rho.

The Solution
Higher Credit Limits, Greater Flexibility

With Rho in their corner, the first order of business was to free up lines of credit so that Corro could focus on scale and growth rather than their current balance.

Rudebusch was able to easily manage payment terms, cash back, and spend controls, all while benefiting from a massive 3x increase in spending limit with Rho’s flexible corporate card.

Rudebusch was also able to order new physical cards and issue unlimited virtual cards to employees in the space of an afternoon, a process that took weeks at Corro’s previous bank. This allows Corro the flexibility and financial backing they need to meet new challenges as they arise.

Drew corro
“As our performance has improved and our business strengthened, Rho has actually adapted to that growth. They’ve been dynamic in helping us succeed.”
Drew Rudebusch,COO at Corro
A Modern Platform
That Saves Time

Throughout their partnership, Rho’s team has gotten to know Caraway as a company and has regularly tailored terms to meet the startup’s unique needs and changing priorities.

“Rho has enabled Caraway’s expansion by allowing us to optimize our operating expenditure.”

Even better, Rho’s automated platform has made financial busywork a thing of the past. The autopay feature—which automatically pays down a balance as it nears the credit limit—saves Caraway about 10 work hours a month and means important transactions are not declined.

With Rho’s proactive, high-touch service and responsive software, Caraway can stop worrying about overdrafts and financial troubleshooting and start focusing on their next stage of growth.

60d0792018612f8c7f45bccf corro-grid-large-min (1)
1 / 3
Savings That Power Growth

Part of that change is rewarding spending with a comprehensive savings program. With Rho’s no-fee global payments, Corro saves money every time they pay a vendor or contractor. They also earn up to 1.5% cash back on their card spend, turning their AP centre into a source of savings.

For a young company, that’s more than just a perk, the cash back earned can add up to the equivalent of a full-time hire.

K20-155-124
Corro21 lb 4532
Expert Support
Not Just a Banking Platform—a Partner

What most impresses Rudebusch is the support and guidance Rho provides alongside their game-changing technology. “Our last bank approached our relationship like we were going to fail, and they needed to protect themselves. Rho knew we’d succeed and actively helps us get there.”

Rho saw Corro’s potential and gave them the tools and support to drive rapid growth. At the same time, Corro gained a partner that could guide them while growing alongside them.

“Rho is regularly making improvements and continuing to evolve. They’re forward thinking, solutions oriented, and not rooted in antiquated traditions, and I appreciate that.”

back grow

Grow with Rho. Enroll today.

Rho is open to businesses with an initial deposit above $50,000 or corporate card spending commitment in excess of $5,000 a month. Terms & conditions apply.

Icons (6)
No-fee
Global payments
Higher
Higher
Credit limits
Already with Rho?
Up Next
Scroll for next case study

With Rho, Glowbar Shines as a Team

Rho’s flexible, easy-to-use team banking solutions empower growing businesses.

Industry

Retail

Products

Banking

Corporate Cards

60f82472c3263f08a74ebbc3 glowbar-hero-lg-min