Fintech funding is significantly on the rise. CB Insights’ 2018 Q4 report showed a $21 billion, or 120% total increase in fintech funding from 2017 to 2018. And already this year, there have been several notable funding rounds.

Here are three noteworthy investments from the past week that caught Bank Innovation’s attention:

1: Chime Raises $200 Million, Bringing Its Valuation to $1.5 Billion

Digital banking startup Chime announced last week it raised $200 million from a Series D funding led by venture capital firm DST Global. This has brought the value of Chime to $1.5 billion.

Chime is a San Francisco-based challenger bank with about 3 million account holders and no fees, except for a $2.50 out-of-network ATM fee. There’s also an accompanying debit card on which Chime earns interchange revenue, and an auto-savings account. Additionally, the company said part of its latest funding will be used to build out new products related to short-term lending and credit building.

Chime does not have a bank license but protects its accounts through a deal with The Bancorp Bank.

Other investors involved this round included General Atlantic, Coatue, ICONIQ Capital, and Dragoneer Investment Group. This followed a Series C funding round of $70 million that Chime raised last year.

2: Proactis Raises $22.4 Million from HSBC

Proactis, a spend management and e-commerce solution firm, received $22.4 million from the U.K. branch of HSBC. According to a Proactis announcement, the recent round of funding will be used to develop technology that will allow for seamless cash movement between businesses.

Proactis seeks to transform the digital economy by developing technology that helps organizations globally operate faster in their finances. “We enable both buyers and sellers to eliminate wasted time, money and talent by transforming the way they buy and sell all types of goods and services. We help buying organizations take the waste out of all their non-payroll spend. And we help selling organizations take the waste out of their B2B sales processes,” according to the company’s website.

The development of online cash flow technology that can smooth out the sales process is clearly something banks and businesses want.

According to Ian Stuart, the director at HSBC U.K.:

We began working with Proactis over 15 years ago and this is yet another example of its innovative thinking. We have a keen understanding of the benefits of accelerating payments through the supply chain and the new technology is both scalable and unique to Proactis. The business is well positioned to drive widespread access to liquidity for SMEs, which will ultimately boost cash flow and support economic growth.

3: Wefox Raises $125 Million, Bringing its Valuation Close to $1 Billion. 

European insurance technology firm Wefox, last week, obtained a $125 million Series B financing round. The largest portion of this investment round came from various big-name firms such as Mubadala Investment Company, Goldman Sachs and Creditease. Other investors include AngelList, Horizons Ventures, Idinvest Partners, Seedcamp, Speedinvest, and Target Global.

Based in Berlin, Germany, Wefox is one of the most quickly expanding insurance technology firms in Europe.

Wefox’s insurance management platform simplifies the interaction between customers, brokers and insurance companies by providing a digital marketplace for all parties to participate in. This digital marketplace is a streamlined version of traditional insurance management services.

The recent Series B round of funding has raised Wefox’s valuation to almost $1 billion. With Wefox’s aspirations to expand into various other European Markets, the latest round of funding is a sign that Wefox’s growth will continue into the future.

Honorable Mention: Figure Technologies Raises $65 Million

An honorable mention this week in the domain of fintech funding is the blockchain home-equity firm Figure Technologies. In a Series B round of funding led by DST Global, the San Francisco-based firm raised $65 million, bringing its total equity funding up to $120 million.

“Figure is empowering a more financially secure future for its customers with technology that seamlessly taps into the wealth they already have,” said Alana Ackerson, co-founder and chief people officer at Figure. “This spirit extends to our company culture, where our values nurture a company with transparency and purpose at its core and, by extension, informs how we build and innovate.”