Indonesian tech major GoTo Group has secured a four-year term loan facility totaling Rp4.65 trillion ($281 million), according to a company statement.
Bank DBS Indonesia and United Overseas Bank Limited are the mandated lead arrangers for the facility.
The firm will use part of the proceeds to repay an existing loan facility. It will use the rest to fund investments and working capital, aimed at supporting GoTo’s growth plans.
GoTo chief financial officer Simon Ho said, “This new facility strengthens our financial position and enhances our flexibility to drive long-term growth across our ecosystem.”
This funding reinforces GoTo’s financial position amid ongoing operational improvements. GoTo’s net loss shrank by 73.6% to Rp742 billion in H1 2025, down from Rp2.81 trillion in the same period last year. The second quarter saw an 80% reduction in losses to Rp375 billion compared with Rp1.9 trillion in Q2 2024. This turnaround was driven by a 10.7% year-on-year increase in net revenue, which reached Rp8.56 trillion in H1 2025, and an 18% rise in Q2 revenue to Rp4.32 trillion.
The company posted a positive EBITDA of Rp447 billion in H1 2025, a significant improvement from a negative Rp1.12 trillion a year earlier. Adjusted EBITDA also turned positive, reaching Rp820 billion in H1 2025. Operating expenses fell 7.7% to Rp8.73 trillion, supporting the improved profitability.
GoTo’s strong capital base is backed by the following fundraising milestones, including a $400 million pre-IPO investment led by the Abu Dhabi Investment Authority in 2021, and over $1.1 billion raised through its initial public offering (IPO) in 2022. In 2024, GoTo further strengthened its market position through a strategic partnership with TikTok Shop Indonesia, supported by ByteDance’s $1.5-billion investment to accelerate the growth of the merged Tokopedia–TikTok e-commerce platform.
