More room for the fintech business to grow sustainably, says GoTo Group CFO

April 29, 2026 - 11:36

Simon Ho, Chief Financial Officer of GoTo Group, appeared on Squawk Box Asia to discuss the company’s recent financial performance, highlighting the fintech segment as a primary engine for future growth. In the interview, Ho expressed confidence in the Indonesian market, stating that there is still substantial room for the company’s financial services to expand in a sustainable manner.

According to Ho, the fintech division has emerged as a key driver of GoTo’s overall revenue, benefiting from increasing digital adoption and a large unbanked population in the archipelago. He emphasized that the company is focused on deepening its penetration in lending, payments, and other financial products rather than pursuing aggressive, short-term gains. "We see more room for the fintech business to grow sustainably," Ho noted, underscoring a strategy that balances expansion with risk management.

The CFO also addressed the broader economic landscape in Indonesia, pointing to favorable demographics and rising smartphone usage as tailwinds for digital financial services. He explained that GoTo is leveraging its ecosystem—which includes ride-hailing, e-commerce, and logistics—to cross-sell fintech solutions to millions of existing users. This integrated approach, Ho argued, allows the company to offer value-added services while maintaining cost efficiency.

While acknowledging competitive pressures in the market, Ho remained optimistic about GoTo’s trajectory. He reiterated that the company’s focus remains on profitable growth and long-term value creation for shareholders. The comments come as GoTo continues to navigate a dynamic regulatory environment and evolving consumer behavior in Southeast Asia’s largest economy.