1068. News: Monzo drops millions on growth, Mastercard and QNB expand into Syria, and Legacy rethinks charitable giving

June 1, 2026
59

1068. News: Monzo drops millions on growth, Mastercard and QNB expand into Syria, and Legacy rethinks charitable giving

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About this episode:

Host Benjamin Ensor - Director of Research and Strategy at 11:FS - is joined by some great guests to discuss the biggest stories from the world of financial services over the past week.

This week's guests:

Herbie Wildwood - Founder, Legacy

Ozan Ozerk - Founder, OpenPayd

Sarah Kocianski - Fintech consultant and analyst

Stories/timestamps:

⁠Intro - (00:01)

Monzo spends tens of millions on referral bonuses in bid for new customers (03:18)

QNB Group and Mastercard to expand payments in Syria (16:38)

Non-profit fintech Legacy aims to upend charitable giving (31:07)

Marqeta teams with Banking Circle to expand in Europe (45:27)

Money 20/20 Europe kicks off this week in Amsterdam (47:01)

Links to check out:

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About Fintech Insider:

Fintech Insider by 11:FS is a bi-weekly podcast that covers everything from finance and banking to technology and the latest trends in financial services.

Our expert hosts, with hands-on industry experience, are joined by key decision-makers, VCs, and top reporters from across the financial landscape, including guests from companies like Stripe, Revolut, Plaid, PayPal, and Monzo. Together, they break down the biggest news and innovations shaping the space.

Our weekly news show drops every Monday, covering major stories like mergers, new product launches, regulatory shifts, and emerging tech trends. On Thursdays, our Insights show goes deeper into the hottest topics driving the future of finance, including AI in banking, decentralised finance, and the evolving landscape of embedded finance.

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