It’s a good start to the new year for fintechs seeking venture capital backing. According to the latest report by CB Insights, funding deals for VC-backed fintechs reached an all-time high in 1Q18 — 323 deals across the globe.

Based on the report, VC-backed fintech firms raised $5.4 billion in the quarter across 323 deals. While this amount of $5.41 billion is slightly less then the $5.45 billion raised in 2Q17, the number of deals is an all-time high.

Furthermore, the last two quarters of 2017 experienced a significant decline from the high of 2Q17, and this most recent quarter paints the picture that VC-backed fintech funding is finally on a rebound. To put this in perspective, last quarter (Q417) VC-backed fintechs deals totaled at $4.1 billion across 286 deals, and the quarter before that amounted to $3.9 billion. As for 1Q17, the amount was at $2.8 billion across 276 deals, representing a 17% year over year growth rate for 1Q18.

During this quarter, thanks to VC backing, two unicorns were born: Brazil-based challenger bank Nubank and U.S.-based UiPath, a robotics automation software provider. In total there were 26 fintech unicorns valuing a total of $77.6 billion, according to the report.

Among the top five most active fintech VC firms, four are U.S.-based. These include 500 Startups, Ribbit Capital, NEA and Index Ventures (whose other headquarter is based in London). The only non-U.S. based fintech VC firm among the most active top five is China-based CreditEase Fintech Investment Fund.

See the full report here.