MARKETINVOICE, Funding Circle, Zopa and LendInvest have made CB Insights’ Fintech 250 list for 2017, which awards the companies worldwide that are leading the transformation in financial services.

The list of 250 emerging private companies from 23 countries, which was chosen out of a longlist of more than 2,000 entrants, was revealed by the research firm’s chief executive and co-founder Anand Sanwal during The Future of Fintech conference in New York on Tuesday.

“The financial services industry will see more change in the next 10 years than it has in the last 100,” said Sanwal.

“And that transformation is being driven by a group of smart insurgent startup companies. The Fintech 250 are the most promising of these insurgents. They are bringing emerging technologies and business models to financial services that will permanently change the way we handle money and do business.”

Read more: Zopa completes fundraising ahead of bank transition

The CB Insights research team selected the Fintech 250 companies – which collectively raised $14bn (£10.9bn) across 240 deals in 2016 – based on several factors, including data submitted by the companies and an algorithm that measures the health and growth potential of private companies.

“This achievement is yet further testament to our growth and progress over the last 12 months,” said Anil Stocker, co-founder and chief executive of peer-to-peer invoice finance platform MarketInvoice.

“We reached the £1bn funding milestone at the end of 2016 and have funded over 70,000 invoices to date, worth £1.3bn. We work with thousands of businesses and support over 18,700 jobs in the UK economy by providing the necessary working capital solutions to drive success.

“We’re committed to becoming a major player in the business finance market, and are continually evolving our proposition to deliver smart and easy to use finance to businesses across the UK.”

As well as the four Peer-to-Peer Finance Association members from the UK – MarketInvoice, Funding Circle, Zopa and LendInvest – P2P lenders in other parts of the world made the list, including San Francisco’s LendingHome.

Outside of P2P, other Fintech 250 firms this year include mobile payments provider iZettle, equity crowdfunding platform Crowdcube and money transfer service TransferWise.

Read more: MarketInvoice seals £45m annual funding from Banco BNI

Read more: RateSetter, MarketInvoice and LendInvest make this year’s Fintech50 list

The Fintech 250 companies (in alphabetical order):

