Lightning Reach acquired by ETG as mission-driven govtech group expands portfolio
AI Summary
Fintech-for-good platform Lightning Reach has been acquired by European Technology Group (ETG), a mission-aligned govtech group and long-term investor. Despite over 20 million people living in financially vulnerable circumstances, over £24 billion in financial support goes unclaimed each year. This is because support is spread across different organisations and remains highly fragmented, application processes are often manual, and awareness of available schemes is low.
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