GoTo Group
Rp78Tsuper-app + fintech
Jakarta · founded 2021
GoTo Group
Asia-Pacific · GDP rank #15
Indonesia
ID · IDR @ 0.0000566/USD
South East Asia's largest payments market continues to move from cash to QR faster than any G20 economy. QRIS transactions reached 7.83 billion year-to-date by May 2026 with 45 million merchants and 63 million users; Bank Indonesia opened the QRIS-China corridor on 30 April 2026, connecting 40 million Indonesian merchants to Alipay/UnionPay travellers. BI-FAST is the mature inter-bank rail; the wallet war between GoPay, OVO, DANA and ShopeePay continues to compress.
Tab 07
Fintech & disruption
Indonesia's fintech ecosystem is the largest in Southeast Asia by raised capital and is structurally bi-polar: super-app-originated wallets (GoPay, ShopeePay, OVO, DANA) dominate consumer flows, while a second tier of lending-focused fintechs (Akulaku, Kredivo, Investree, KoinWorks) operates under OJK P2P lending rules. Post-2022 funding reset has favoured profitability (GoTo operating-profit inflection in 2024, Sea profitable since 2023) over growth narratives.
Fintech funding · LTM
US$480M▼ −29% vs Apr 2024–Mar 2025
USD · Apr 2025–Mar 2026
Largest unicorn
Rp78T
GoTo Group
Unicorns
Xendit
US$1Bpayment processing
Jakarta · founded 2015
Xendit
Akulaku
US$1.5Bconsumer lending + BNPL
Jakarta · founded 2016
Akulaku
Kredivo (FinAccel)
~US$1BBNPL / consumer credit
Jakarta · founded 2016
Kredivo
Funding
Largest disclosed rounds · LTM
Rounds shown are the largest disclosed in the last twelve months. Private markets remain opaque — valuations at follow-on are the most reliable signal of investor conviction.
Round size
- InvestreeUS$45M
recovery / restructure · 2025-07-22
Emerging categories
PayLater (embedded BNPL)
regulatedRp74TIDR/year · 2024
- Kredivo
- Akulaku
- GoPayLater
- ShopeePayLater
- Traveloka PayLater
OJK POJK 22/2023 tightened BNPL eligibility (minimum age 18, income verification) and capped interest + late fees at 0.3% per day.
Source · OJK
Neo-banks under OJK digital bank rules
scaling- Bank Jago (GoTo-affiliated)
- Seabank (Sea-affiliated)
- TMRW by UOB
- Jenius by BTPN
- Superbank (Emtek + Grab)
OJK POJK 12/2021 sets capital and governance for digital banks; minimum Rp10tn capital requirement.
Regulated stablecoins
emerging- Tokocrypto (Binance-affiliated)
- Indodax
- Pintu
OJK assumed supervisory responsibility for crypto assets from Bappebti on 10 January 2025; new licensing regime for VASPs.
- ▌Gojek + GoPay + GoPayLater (end-to-end super-app stack)
- ▌Shopee + ShopeePay + SPayLater
- ▌Tokopedia + GoPay + Tokopedia PayLater (post GoTo merger)
- ▌Grab + GrabPay + PayLater + GrabFin
- ▌Traveloka + Paylater for travel