Jakarta. Indonesian tech giant GoTo Gojek Tokopedia (GoTo) has secured a new Rp 4.65 trillion ($280.9 million) term loan facility with a four-year maturity, the company announced in a public disclosure on Thursday.

GoTo said the funds will be used to strengthen its capital structure, repay existing debt, support business expansion, and boost working capital. Part of the loan will be allocated to settle the remainder of the debt signed in November 2022, which stood at Rp 467 billion as of June 2025.

Chief Financial Officer Simon Ho said the new facility provides greater flexibility for the company.

“This facility strengthens GoTo’s financial position and gives us additional flexibility to support sustainable growth and efficiency across the GoTo ecosystem,” Simon said in a statement.

Banking Partners
The loan was arranged by Bank DBS Indonesia and United Overseas Bank Limited (UOB), both acting as Mandated Lead Arrangers.

Anthonius Sehonamin, Head of Institutional Banking Group at Bank DBS Indonesia, said the partnership reflects the bank’s commitment to supporting Indonesia’s digital economy.

“We are pleased to partner with GoTo in supporting their business growth journey. This collaboration demonstrates DBS’s role as a trusted partner in delivering innovative financial solutions,” he said.

Harapman Kasan, Wholesale Banking Director at UOB Indonesia, added that the facility continues the bank’s support of GoTo since 2020.

“We are proud to stand alongside GoTo in supporting their growth and business development. This loan reaffirms the importance of long-term partnerships with leading corporations such as GoTo,” Harapman said.