GoTo Financial, the fintech arm of Indonesian technology group GoTo, reported a consumer loan book of $344.8 million — equivalent to IDR 5.72 trillion — for the first quarter of 2025, representing growth of 108% compared with the same period a year earlier.
The financial services segment was also positive on an adjusted EBITDA basis.
BANK JAGO STAKE
GoTo holds a 22% stake in Bank Jago, a digital-first Indonesian lender listed on the Indonesia Stock Exchange, which enables GoPay to offer a broader suite of regulated financial services — including savings accounts and lending products — to its user base without holding a full banking licence in its own right.
SEGMENT REPORTING ORDER
GoTo began reporting its financial services segment results ahead of its on-demand services division on its October 2024 earnings call.