I was able to do something similar in pure css, however, it does not work in IE, since it does not support mix-blend-mode css property:
http://caniuse.com/#feat=css-mixblendmode
The code snippet is below. Hope it helps someone.
<html>
<head>
<style>
.gradient {
position: relative;
content: '';
display: block;
width: 260px;
filter: progid:DXImageTransform.Microsoft.gradient( startColorstr='#ffffff', endColorstr='#00ffffff',GradientType=0 );
background: -webkit-gradient(linear, left top, left bottom, color-stop(0%, rgba(140,198,63,1)), color-stop(100%, rgba(30,71,146,1)));
background: -webkit-linear-gradient(left, rgba(140,198,63,1) 0%, rgba(30,71,146,1) 100%);
background: -moz-linear-gradient(right, rgba(140,198,63,1) 0%, rgba(30,71,146,1) 100%);
background: -ms-linear-gradient(right, rgba(140,198,63,1) 0%, rgba(30,71,146,1) 100%);
background: -o-linear-gradient(right, rgba(140,198,63,1) 0%, rgba(30,71,146,1) 100%);
background: linear-gradient(to right, rgba(140,198,63,1) 0%, rgba(30,71,146,1) 100%);
}
.gradient p {
color: #000;
background: #fff;
mix-blend-mode: lighten;
}
</style>
</head>
<body>
<div class="gradient">
<p>"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum."</p>
</div>
</body>
</html>