San Jose-based nonprofit company Opportunity Fund has secured $25,000 in grant funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Sept. 23 and financed by Federal Home Loan Bank of San Francisco.
According to its Crunchbase profile, "Opportunity Fund's microloan and micro-savings programs help working families gain financial stability."
The 27-year-old company also raised a $27 million debt financing round in 2016.
The round brings total funding raised by San Jose companies in financial services over the past month to $50 million. The local financial services industry has produced 16 funding rounds over the past year, capturing a total of $164 million in venture funding.
In other local funding news, consumer company Perfect Corp announced a Series B funding round on Sept. 20, led by Alibaba Group.
According to Crunchbase, "Perfect Corp. is dedicated to transforming how consumers, content creators and beauty brands interact together. Their unique platform is the premier online destination for all beauty lovers. Their apps, YouCam Makeup, recently voted Best Fashion & Apparels App* of 2015, and market-leading YouCam Perfect redefine virtual beauty for tens of millions of users."
The company also raised a $25 million Series A round in 2017.
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