GoTo has secured a new four-year term loan facility totalling Rp4.65 trillion (~US$281 million).
This financial boost will bolster the Indonesian tech behemoth’s financial standing, facilitating the repayment of an existing loan and providing substantial capital for future growth initiatives and working capital requirements.
The new facility sees DBS Indonesia and United Overseas Bank acting as the mandated lead arrangers.
Also Read: Behind GoTo’s record Q2: The fine print tells a different story
A portion of the proceeds will be allocated to settle the outstanding amount from GoTo’s previous facility, which stood at Rp467 billion (US$28.2 million) as of June 2025. The remaining funds are designated for general corporate purposes, including investments that will drive the company’s ongoing expansion.
GoTo CFO Simon Ho stated: “This new facility strengthens our financial position and provides us with increased flexibility to support our ecosystem’s continued growth and efficiency.”
Banking partners highlighted the strategic importance of this collaboration within Indonesia’s dynamic digital economy. Anthonius Sehonamin, Head of Institutional Banking Group, DBS Indonesia, remarked: “This collaboration reflects our role as a trusted partner for business growth, providing innovative financial solutions that empower Indonesia’s digital economy. Together, we aim to unlock new opportunities that not only strengthen GoTo’s ventures but also create broader value for communities and the nation’s future economy.”
Harapman Kasan, Wholesale Banking Director, UOB Indonesia, noted: “Beyond providing access to capital, UOB seeks to work with our clients in strengthening their foundations for growth and resilience in an evolving economic landscape. We bring regional perspective and cross-border capabilities that allow us to partner our clients in contributing to sustainable progress for Indonesia’s economy.”
GoTo, the largest digital ecosystem in Indonesia, operates with a mission to ’empower progress’ through a robust technology infrastructure. Its ecosystem encompasses mobility, delivery, payments, financial services, and technology solutions for merchants, alongside e-commerce services via Tokopedia and banking services through its collaboration with Bank Jago.
Also Read: GoTo Group sees four top executives resign ahead of AGMS
GoTo Group recently announced its second-quarter 2025 financial results. The firm highlighted that its Group adjusted EBITDA reached US$25.8 million (Rp427 billion) and was positive for the third consecutive quarter. Group EBITDA also turned positive, reaching US$17.65 million (Rp292 billion). These achievements were attributed mainly to “stronger revenue performance and better cost management”.
The company also reported positive adjusted operating cash flow of US$18.9 million (Rp313 billion).
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