The massive Indonesian technology company PT GoTo Gojek Tokopedia Tbk. (GoTo) declared that it had signed a new four-year term loan arrangement worth a total of Rp 4.65 trillion ($280 million).
According to a GoTo statement, the company’s existing facility, which was agreed upon in November 2022 and of which Rp 467 billion was still owed as of June 2025, will be partially repaid with the proceeds from the new facility.
The remaining funds will be distributed for investments and working capital needs as well as general corporate objectives that support the expansion of the business.
The required lead arrangers are United Overseas Bank Limited and PT Bank DBS Indonesia.
“This new facility strengthens our financial position and provides us with increased flexibility to support the continued growth and efficiency of our ecosystem,
“We are pleased to have the support of our banking partners, and this facility reflects confidence in the strength and resilience of GoTo’s business as we aim to drive growth over the months and years ahead,” said Simon Ho, Chief Financial Officer of GoTo.
PT Bank DBS Indonesia’s Head of Institutional Banking Group, Anthonius Sehonamin, stated that the bank is thrilled to work with GoTo to support their business expansion.
“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,” he added.
According to Harapman Kasan, Director of Wholesale Banking at PT Bank UOB Indonesia, the company is honored to have supported GoTo since their initial loan in 2020 and has been there for them as they have grown and expanded.
He claimed that in order to support the ongoing development of Indonesia’s digital industry, it is critical to establish long-term alliances with top corporations like GoTo.
“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,” he added.
