GoTo has secured a new four-year loan facility worth 4.7 trillion rupiah (US$286 million) from PT Bank DBS Indonesia and United Overseas Bank Limited.

GoTo is an Indonesia-based company that operates in sectors such as ride-hailing, ecommerce, and payments.

Part of the loan will be used to repay 467 billion rupiah (US$28.4 million) still outstanding from a previous facility signed in November 2022, while the remainder will go toward general corporate purposes, investments, and working capital.

The company said the new facility provides it with greater financial flexibility.

🔗 Source: GoTo Group

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