Innovate Finance announce Mike Carter as Head of Platform Lending for the 36H Group

30th April 2020 | 36H Group, Blogs

By Innovate Finance


Innovate Finance is pleased to announce it has appointed Mike Carter as Head of Platform Lending to manage the recently-established 36H Group. The 36H Group was launched in January this year as the unified voice for lending platforms that accept retail investments. Named 36H Group to reflect that member platforms are fully authorised by the FCA under Article 36H of the Financial Services and Markets Act 2000, the launch of the Group followed the implementation of enhanced regulations which raise standards across the sector.

The 36H Group focuses on policy and regulatory matters, as well as promoting the benefits the sector is delivering, including bringing choice, competition and transparency to the lending and investment markets. Membership of the Group is open to all lending platforms that are authorised and regulated by the FCA under Article 36H legislation. The members of the Group to date are Assetz Capital, Crowd Property, Funding Circle, Lending Works, RateSetter and Zopa. Innovate Finance is managing the Group following five successful years representing the wider FinTech community. 

Mike Carter has extensive experience in the Alternative Finance sector and the wider financial services sector. Following a successful career in investment banking where he advised financial services companies on strategy and capital raising, including a number of the Challenger Banks following the last financial crisis, he has been closely involved with Platform Lenders for several years as a Board member, adviser, angel investor and lender. 

Mike Carter said: 

I’m delighted to be appointed to this new role to promote the platform lending sector. To date the sector has delivered steady returns to investors through leading-edge technology and underwriting methods, while playing a meaningful role for borrowers to help fill the credit gap created by the last financial crisis. Obviously, in common with all other markets, the immediate priorities of the sector are to manage their businesses through this unprecedented economic storm while still serving their customers, and many of the platforms have already implemented measures to combat the downturn. I look forward to working with the 36H Members as well as the FCA and other stakeholders to navigate the sector through this crisis, and beyond.”

Charlotte Crosswell, CEO of Innovate Finance, said: 

Innovate Finance is committed to supporting forward-thinking UK FinTech innovators like those in the platform lending sector. I’m delighted to welcome Mike to our team to help manage the 36H Group, with his experience and personal knowledge of the sector and the wider financial services market. Innovate Finance has been calling for the Government to use UK FinTechs to help deliver emergency funding during the Covid-19 crisis, and the Platform Lending sector has a vital role to play in delivering this much-needed funding to SMEs and the self-employed”


For more information please contact:

Clare Black, Director of Corporate Affairs & Communication,

About Innovate Finance:

Innovate Finance is the independent industry body that represents and advances the global FinTech community in the UK. Our mission is to accelerate the UK’s leading role in the financial services sector by directly supporting the next generation of technology-led innovators.

Innovate Finance’s membership ranges from seed-stage startups and global financial institutions to investors, professional services firms, and global FinTech hubs. All benefit from Innovate Finance’s unique position as the single point of access to promote enabling policy and regulation, talent and skills, business opportunity and growth, and investment capital.

By bringing together and connecting the most forward-thinking participants in financial services, Innovate Finance is helping create a global financial services sector that is more transparent, more sustainable and more inclusive.

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