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Runway Puts High-Growth Finances in Motion With Rho

How an AI-powered video editing platform uses the Rho Card to automate their expense management and boost their working capital

Industry

Technology

Products

Corporate Cards

Banking

runway video editing 1
5+ hours
Saved per week
1.5%
Cash back
Up to 30
Days to pay
Overview
The Challenge
& Solution

Runway’s previous corporate card came with high-friction workflows and a credit limit that was tied to their bank account balance, hindering their ability to grow.

With the Rho Card, Runway enjoys more credit, more cashback, and flexible cards that can be assigned and automated for each major expense channel.

About The Client
Intuitive, browser-based video editing
Runway logo
runway video editing
The Challenge
Finances in slow motion

After Runway raised its Series B, their team knew they had to take stock of their finance solutions. “With all that cash coming in,” said Michelle Kwon, Runway’s head of operations and finance, “it made sense to reevaluate who we were as a company and what our financial needs were going to be moving forward.” That meant reconsidering a frustrating corporate card that was restricting their growth potential.

“Everything from the UI to raising our credit limit to paying down our card was really high-friction. We weren’t able to issue multiple cards, and our limit was tied to our account balance, so our diminishing venture capital negatively impacted our credit even as we continued to grow.”

For Kwon, the breaking point came when their card’s demanding workflows and low credit limit interfered with Runway’s operations. “I could only move $99,999 at a time, so I had to add a calendar reminder to do that twice a week. At one point, we reached our limit, and we weren’t able to process payments. It took our card provider days to resolve the issue. After that, it was an easy decision to switch to Rho.”

The Solution
Opening credits with ease
Michelle Kwon
“I’m always looking for ways to streamline core aspects of my job. Now that we’re handling most of our spend through the Rho Card, charges are automatically debited and reported, and it shaves at least five hours off my weekly to-do list.”
Michelle Kwon,Head of Operations and Finance
Tracking expenses in reel time
Runway create impossible video
1 / 3
A live stream of capital

Another benefit Runway enjoys with Rho is the ability to earn major rewards on recurring expenses—like their significant AWS spend, which they previously handled via ACH. “When I first joined Runway, we weren’t spending a lot, and it was fine that we were doing most of our payments through ACH,” recalled Kwon. “But as our costs ramped up, we realized we were leaving a lot of money on the table. It’s also not the safest way to move your money, having people take funds directly from your account.”

Now, Runway automates AWS payments—their highest infrastructure cost—through a dedicated virtual Rho Card and earns 1.5% cash back on every purchase, optimizing their working capital.

“The ROI on Rho’s cash back feature has been incredible,” said Kwon. “That’s 1.5% savings per month we just weren’t getting before.”

A true co-production
Try Runway
Runway Music
Flash forward
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