GoTo Financial reported a sharp rise in its consumer loan disbursements during the fourth quarter of 2024. According to Head of Corporate Affairs Audrey P. Petriny, the company recorded Rp5.2 trillion in consumer loans, reflecting a 172% year-on-year (YoY) increase.

Based on GoTo's 2024 annual financial report, loan-related revenue also saw significant growth. In Q4 2024, revenue from lending grew 203% compared to the same quarter in 2023. Over the entire year, this segment's revenue surged by 372% YoY.

Audrey emphasized that these achievements align with GoTo Financial’s ongoing commitment to providing secure and comprehensive financial services. "GoTo Financial remains dedicated to offering inclusive financial solutions, such as buy now, pay later [BNPL] and cash loans," she stated on Thursday, March 13, 2025.

Despite the rapid growth, GoTo Financial continues to prioritize responsible lending practices. The company ensures that loans are disbursed according to users' financial capacity. “We extend loans based on users' ability to repay and encourage borrowing according to their needs,” Audrey added.

Transparency also remains a cornerstone of GoTo Financial's services. Audrey highlighted that all loan terms and conditions are clearly communicated to users, with no hidden fees that could burden borrowers in the future.

As the company navigates this phase of rapid expansion, GoTo Financial maintains strict lending standards to safeguard its ecosystem and protect consumers. “From the beginning, we have upheld transparency and caution in all our financial services,” Audrey concluded.

PHOTO: GOJEK

This article was created with AI assistance.