Women Changing Finance

Krisztina Tora

Women Changing Finance is about the people transforming finance to create a better world. Host Krisztina Tora, a global leader and changemaker, brings her extensive expertise to the conversation, inviting remarkable women from across the globe to share their stories of driving social and environmental impact through financial innovation. Through real-world examples and personal journeys, this podcast reveals how finance can be a powerful tool for change—something we can all engage with and leverage for good. Our guests are women proving that change is possible—whether by investing in underserved communities, developing innovative solutions to address climate challenges, or driving systems-level transformation. Their stories showcase the impact we can create when we align financial resources with our highest aspirations for a better world. If you’re a changemaker, a professional seeking purpose, or simply curious about the role of finance in building a better future, join us to: Get inspired by real stories of impact and innovation Learn how to contribute to systemic change Explore the intersection of finance, purpose, and leadershipSubscribe now and join us in reimagining finance! Visit our website womenchangingfinance.org The show is part of the Impact Alpha Podcast Network.

  1. 4d ago

    E36 - Anne-Marie Chidzero, CIO at FSD Africa Investments

    What if one of the biggest opportunities to finance Africa's future was already within the continent? Africa has financial resources, yet too little of that capital reaches the businesses, communities, and solutions that need it most.  Anne-Marie Chidzero, Chief Investment Officer at FSD Africa Investments, is changing that. She highlights the financial innovations helping African countries mobilise their own capital and build stronger, more resilient economies. Anne-Marie shares fascinating examples of how finance can work differently: Making cross-border payments easier and cheaper: Investing in digital payment infrastructure that helps money flow more efficiently between African countries and reduces remittance costs. Mobilising domestic savings: Developing local currency bond markets that enable African businesses to raise capital from local investors, including pension funds. Financing small businesses: Supporting innovative fund managers and investment vehicles that channel capital towards SMEs, including women-led businesses. Financing climate and nature solutions: Pioneering new financial instruments for renewable energy, regenerative agriculture, nature conservation and climate resilience.Anne-Marie also explains why transforming financial systems, rather than financing individual businesses alone, is essential for the long term. This is an inspiring and practical conversation about unlocking Africa's potential, and what it takes to make that happen. Please review the episode, share your feedback, and subscribe to the podcast! You can also Visit our website: womenchangingfinance.org Follow Anne-Marie on LinkedInTo go further, here are some of the references mentioned during the episode: FSD Africa – https://fsdafrica.org/ MFS Africa, now Onafriq – https://onafriq.com/ African Local Currency Bond Fund (ALCB Fund) – https://www.alcbfund.com/ Pan-African Fund Managers' Association (PAFMA) – https://pafma.org/ Ethiopian Securities Exchange (ESX) – https://www.esx.et/ Taskforce on Nature-related Financial Disclosures (TNFD) – https://tnfd.global/ African Natural Capital Alliance (ANCA) – https://africannaturalcapitalalliance.com/ Ci-Gaba Fund of Funds, Ghana – https://www.siaghana.com/ci-gaba-fund    Consultative Group to Assist the Poor (CGAP) – https://www.cgap.org/ Alitheia IDF Fund – https://www.alitheiaidf.com/Women Changing Finance is part of the Impact Alpha Podcast Network.

    E36 - Anne-Marie Chidzero, CIO at FSD Africa Investments
  2. Oct 21

    E35 - Veronica Colondam, Founder & CEO of the YCAB Foundation (Indonesia)

    What does it take to help millions of people escape poverty? For 27 years, Veronica Colondam, founder and CEO of YCAP Foundation in Indonesia, has been working to answer this question. Her organisation has reached over 5 million women and young people, combining small loans for women entrepreneurs with education opportunities for their children to help families break the cycle of poverty. And Veronica is now pioneering new ways to mobilise capital for social impact, including an investment fund that anyone can access with as little as $7. In this episode, we explore: How small loans can transform generations: from helping mothers grow their businesses to enabling their children to attend university and build better futures. How to democratise impact investing: creating financial products that allow everyday investors to contribute to social change while earning financial returns. The extraordinary demand for investing in women: including a $1 billion orange bond, issued by Indonesian microfinance institution PNM, that attracted $11 billion in investor demand. How to build lasting change: from developing financially sustainable social enterprises to influencing government policies that unlock more capital for impact.Veronica shares practical lessons, inspiring stories and her vision for the next 25 years: moving beyond individual programmes to reshape how capital flows towards people and communities. Please review the episode, share your feedback, and subscribe to the podcast! You can also Visit our website: womenchangingfinance.org Follow Veronica on LinkedInTo go further, here are some of the references mentioned during the episode: YCAB Foundation – https://www.ycabfoundation.org/ YCAB Ventures – https://www.ycabventures.com/ Indonesia Women Empowerment Fund (IWEF) – https://www.ycabventures.com/ Australian Department of Foreign Affairs and Trade (DFAT) – https://www.dfat.gov.au/ Temasek Foundation – https://www.temasekfoundation.org.sg/ Citi Foundation – https://www.citigroup.com/global/our-impact Indonesia Financial Services Authority (OJK) – https://www.ojk.go.id/ Indonesia Stock Exchange (IDX) – https://www.idx.co.id/ Bank Indonesia (Central Bank) – https://www.bi.go.id/ Permodalan Nasional Madani (PNM) – https://www.pnm.co.id/ Bank Rakyat Indonesia (BRI) – https://bri.co.id/ Mae Fah Luang Foundation – https://www.maefahluang.org/ DoiTung Social Enterprise – https://www.doitung.com/Women Changing Finance is part of the Impact Alpha Podcast Network.

    E35 - Veronica Colondam, Founder & CEO of the YCAB Foundation (Indonesia)
  3. Oct 7

    E34 - Tracy Palandjian, CEO & Co-Founder of Social Finance (USA)

    What if we designed finance around the outcomes we want? In this episode, Tracy Palandjian, CEO and co-founder of Social Finance, shares learnings from 15 years of experimenting with new financial models and what that has taught her about creating meaningful, measurable change. Tracy takes us inside fascinating examples, from helping people train for better-paying jobs without taking on traditional debt, to financing pathways into AI, nursing and climate careers, to helping families build wealth through home and employee ownership. We also explore her idea of the “third wallet”: capital that sits between traditional investing and philanthropy, where money can be invested for impact, returned and used again. In this conversation, you’ll hear:  Why the person you are trying to help shouldn’t necessarily carry the greatest financial risk How Social Finance uses zero-interest, outcomes-based loans to finance skills and career development How to combine philanthropic, public and private capital around a common outcomeThis episode is a practical look at what becomes possible when we stop asking only, “What return will this capital generate?” and start asking, “What change could this capital unlock?” Please review the episode, share your feedback, and subscribe to the podcast! You can also Visit our website: womenchangingfinance.org Read Tracy’s full bio Follow Tracy on LinkedInTo go further, here are some of the references mentioned during the episode: Social Finance — https://socialfinance.org/ Google Career Certificates — https://grow.google/certificates/ Western Governors University (WGU) — https://www.wgu.edu/ Claude Corps — https://www.anthropic.com/claude-corps CodePath — https://www.codepath.org/ Blackstar Stability — https://blackstarstability.com/ Apis & Heritage Capital Partners — https://www.apisheritage.com/ Social Finance Institute — https://socialfinance.org/institute/ Rustandy Center for Social Sector Innovation, University of Chicago Booth — https://www.chicagobooth.edu/research/rustandy Impact-First Investing (IFI) Tool — https://ifitool.org/Women Changing Finance is part of the Impact Alpha Podcast Network.

    E34 - Tracy Palandjian, CEO & Co-Founder of Social Finance (USA)
  4. Sep 23

    E33 - Eliza Foo, Director of Impact Investing at Temasek (Singapore)

    What if some of the biggest opportunities to create impact alongside financial returns are in the markets investors still hesitate to enter? In this first episode of Season 3 on Women Changing Finance, Eliza Foo, Director of Impact Investing at Temasek, one of the largest investors in Asia, explains how Temasek invests for impact: looking for market-rate financial returns while holding a high bar for measurable impact, and investing in businesses where commercial success directly drives better outcomes for people and planet. We explore what Eliza is seeing across emerging markets: from India’s deep entrepreneurial ecosystem and digital infrastructure to growing momentum in financial inclusion and climate solutions across Southeast Asia. Technology is helping make essential products and services more affordable, while a new generation of Asian investors and family offices is increasingly looking at how purpose can sit alongside investment. Temasek has understood that capital alone isn’t enough. Eliza shares how collaboration and market building are inherent to her job, working with fellow investors and ecosystem partners, sharing knowledge and building capabilities within the sector. The opportunities are real, the risks need to be understood, and we know much more today about what works. It’s time to put that knowledge, and more capital into action. Please review the episode, share your feedback, and subscribe to the podcast! You can also Visit our website: womenchangingfinance.org Read Eliza’s full bio Follow Eliza on LinkedInTo go further, here are some of the references mentioned during the episode: Temasek — https://www.temasek.com.sg/ Temasek Trust — https://www.temasektrust.org.sg/ Solugen — https://solugen.com/ Ola Electric — https://www.olaelectric.com/ Unified Payments Interface (UPI) – NPCI — https://www.npci.org.in/ GIIN Impact Lab — https://thegiin.org/impact-lab/ Centre for Impact Investing and Practices (CIIP) — https://ciip.com.sg/ Ecosperity Week — https://www.ecosperity.sg/ Monetary Authority of Singapore (MAS) – FAST-P — https://www.fast-partnership.com/ Out of Poverty – Paul Polak — https://www.penguinrandomhouse.ca/books/575944/out-of-poverty-by-paul-polak/9781605092768 A Different Kind of Power – Jacinda Ardern — https://www.penguinrandomhouse.com/books/744301/a-different-kind-of-power-by-jacinda-ardern/Women Changing Finance is part of the Impact Alpha Podcast Network.

    E33 - Eliza Foo, Director of Impact Investing at Temasek (Singapore)
  5. Jul 8

    E32 - Sana Kapadia, Chief Catalyst at Heading for Change

    Women are among those most affected by climate change. But what if we've been telling the wrong story? In this episode, Sana Kapadia, Chief Catalyst at Heading for Change, shares what she’s seeing in many countries: women are already creating many of the most innovative solutions to climate change. The real challenge is that climate finance hasn't caught up. Together, we explore what it really means to invest at the intersection of climate and gender, and why this is about making better investment decisions. Sana shares how her team is using catalytic capital to demonstrate what's possible, building a global portfolio of climate funds that back women-led climate solutions, from clean energy and sustainable supply chains to nature-based innovations. In our conversation, we discuss why a gender lens helps investors uncover innovation and opportunities that are often overlooked, and how grants, investments, and ecosystem building can work together to unlock greater impact. This episode shows why and how finance can move beyond seeing women as beneficiaries and start recognising them as leaders, innovators, and agents of change. Please review the episode, share your feedback, and subscribe to the podcast! You can also Visit our website: womenchangingfinance.org Follow Sana on LinkedInTo go further, here are some of the references mentioned during the episode: Heading for Change — https://www.headingforchange.org/ GenderSmart — https://www.gendersmartinvesting.org/ Wharton Social Impact Initiative — https://socialimpact.wharton.upenn.edu/ Artha Networks — https://www.arthanetworks.com/  Invest for Better — https://investforbetter.org/ Climate Policy Initiative (CPI) — https://www.climatepolicyinitiative.org/ IDRC (International Development Research Centre) — https://idrc-crdi.ca/ Earthshot Prize — https://earthshotprize.org/ Zen and the Art of Saving the Planet (book/course by Thích Nhất Hạnh) — https://plumvillage.org/books/zen-and-the-art-of-saving-the-planet Empireworld (book by Sathnam Sanghera) — https://www.sathnam.com/empireworld/ The History of the World in 21 Women (book by Jenni Murray) — https://oneworld-publications.com/work/a-history-of-the-world-in-21-women/ Women Changing Finance is part of the Impact Alpha Podcast Network.

    E32 - Sana Kapadia, Chief Catalyst at Heading for Change
  6. Jun 24

    E31 - Fernanda Camargo, Founding Partner of Wright Capital Wealth Management (Brazil)

    Brazil is becoming one of the most interesting places in the world for impact and climate finance. In this episode, Fernanda de Arruda Camargo, founding partner of Wright Capital Wealth Management shares her perspective on the country’s evolving ecosystem. With over three decades of experience in financial markets, Fernanda shares examples of how investors, regulators, development banks, and entrepreneurs have successfully collaborated and unlocked significant amounts of capital for sustainable development. She highlights how public funding has attracted private investors to innovative approaches supporting regenerative agriculture, bioeconomy, and nature-based solutions. We also discuss how she helps wealth owners align investments with their values while still pursuing financial returns. This conversation offers valuable lessons and practical examples from one of the most dynamic markets, showing solutions that simultaneously restore ecosystems and strengthen communities. Please review the episode, share your feedback, and subscribe to the podcast! You can also Visit our website: womenchangingfinance.org Follow Fernanda on LinkedInTo go further, here are some of the references mentioned during the episode: Wright Capital Wealth Management — https://www.wright.capital/en/ Brazilian Financial and Capital Markets Association (ANBIMA) — https://www.anbima.com.br National Development Bank of Brazil (BNDES) — https://www.bndes.gov.br EcoInvest Brasil — https://www.gov.br/tesouronacional/pt-br/fomento-ao-investimento/eco-invest-brasil Vox Capital — https://voxcapital.com.br MOV Investimentos — https://movinvestimentos.com.br Belterra Agroforestry — https://www.belterra.com.br/en Fundação Vale (Vale Foundation) — https://www.fundacaovale.org Letting Go: The Pathway of Surrender by David R. Hawkins — https://veritaspub.com/product/letting-go/Women Changing Finance is part of the Impact Alpha Podcast Network.

    E31 - Fernanda Camargo, Founding Partner of Wright Capital Wealth Management (Brazil)
  7. May 27

    E29 - Tokunboh Ishmael, Co-Founder and Managing Director of Alitheia Capital

    Why do less than 2% of investments go to female founders globally? And what are we missing because of it? In this episode, Tokunboh Ishmael, one of Africa’s leading voices in impact investing and gender lens finance, explores the realities of investing to improve lives across Africa. As co-founder of Alitheia Capital, managing over $250 million in assets, Tokunboh has spent nearly two decades investing in businesses that expand access to finance, clean energy, and economic opportunity. In this conversation, she shares examples of what success looks like: helping grow a small financial services company into a national player serving underserved entrepreneurs, supporting a farmer aggregation business connecting West African farmers to international markets, backing a woman-led manufacturing company that now powers surrounding communities while creating jobs and export opportunities.This discussion touches on why diversity leads to better business decisions and why impact investing done well makes sense from all perspectives: economic, social, and environmental. Please review the episode, share your feedback, and subscribe to the podcast! You can also Visit our website: womenchangingfinance.org Follow Tokunboh on LinkedIn Read Tokunboh's full bioTo go further, here are some of the references mentioned during the episode: Alitheia Capital — https://alitheia.com/ Alitheia IDF - https://www.alitheiaidf.com/ 2X Global (2X Framework) — https://www.2xglobal.org/ The Earthshot Prize — https://earthshotprize.org/ The Atomic Human by Neil Lawrence — https://www.penguin.co.uk/books/455130/the-atomic-human-by-lawrence-neil-d/9781802062106 Tomorrow, and Tomorrow, and Tomorrow by Gabrielle Zevin — https://gabriellezevin.com/tomorrowx3/ Ready Player One by Ernest Cline — https://www.penguinrandomhouse.com/books/209887/ready-player-one-by-ernest-cline/Women Changing Finance is part of the Impact Alpha Podcast Network.

    E29 - Tokunboh Ishmael, Co-Founder and Managing Director of Alitheia Capital

About

Women Changing Finance is about the people transforming finance to create a better world. Host Krisztina Tora, a global leader and changemaker, brings her extensive expertise to the conversation, inviting remarkable women from across the globe to share their stories of driving social and environmental impact through financial innovation. Through real-world examples and personal journeys, this podcast reveals how finance can be a powerful tool for change—something we can all engage with and leverage for good. Our guests are women proving that change is possible—whether by investing in underserved communities, developing innovative solutions to address climate challenges, or driving systems-level transformation. Their stories showcase the impact we can create when we align financial resources with our highest aspirations for a better world. If you’re a changemaker, a professional seeking purpose, or simply curious about the role of finance in building a better future, join us to: Get inspired by real stories of impact and innovation Learn how to contribute to systemic change Explore the intersection of finance, purpose, and leadershipSubscribe now and join us in reimagining finance! Visit our website womenchangingfinance.org The show is part of the Impact Alpha Podcast Network.

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