Greenphire
“Can a clinical trial payment automation platform become the end-to-end financial operating system for global clinical research — managing participant reimbursement, site payments, travel, tax compliance, and FX across 80+ countries?”
Founded in 2008 as a clinical trial payment processing platform, Greenphire built its core product — ClinCard — around prepaid card-based participant reimbursement for pharmaceutical sponsors, CROs, and research sites. Over time, the company expanded into full financial lifecycle management, adding site payments automation, travel services, tax/1099 compliance, and mobile participant engagement. A multiyear $20M R&D investment culminated in next-generation site payment capabilities in 2024. In January 2025, Greenphire merged with Suvoda to form a broader clinical trial technology platform.