Allocore, a leading provider of federal loan, grant, and fraud prevention technology, announced it has completed its acquisition of RiverNorth, a firm specializing in lending and financial assistance programs for the public sector. This acquisition drives additional scale and expertise at Allocore and expands Allocore’s reach across key federal agencies. The transaction was first announced on April 1, 2025. Allocore is a portfolio company of Enlightenment Capital.
RiverNorth brings former government executives with deep domain expertise in public sector financial assistance programs to Allocore, further strengthening Allocore’s position as the premier loan, grant, and fraud protection technology provider for federal, state, and local governments.
“We are excited to officially welcome the RiverNorth team to Allocore,” said Bill Webner, Allocore Chief Executive Officer. “Together, we are better positioned than ever to support our government partners in delivering critical lending and grant programs through modern, fraud-resistant, and user-centric technology.”
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