GoTo is a listed company with a diversified shareholding. GoTo’s senior management and founders has majority voting control: (i) Andre Soelistyo (Co-Founder); (ii) Kevin Bryan Aluwi (Co-Founder of Gojek); (iii) William Tanuwijaya (Commissioner / Co-Founder of Tokopedia); and (iv) Melissa Siska Juminto – (President, e-Commerce), who are all Series B shareholders. Under GoTo’s dual-class voting structure, the holders of Series A shares and Series B shares have the same rights with the exception being that of voting rights (each Series A and B shares having 1 and 30 votes respectively).

The project consists of an up to US$150 million equity linked notes issuance of which it is proposed that IFC invests up to US$125m as an anchor investor.

GoTo is one of the largest digital ecosystem in Southeast Asia with over 65 million annual transaction users (ATUs), 15 million registered merchants and 2.6 million registered driver-partners. IFC's investment will be part of the funding that will fund capex and operational expenses and will be primarily in Indonesia.

 This is a Category B project according to IFC's Policy on Environmental and Social Sustainability.

The key environmental, social, health, and safety risks and issues associated with this proposed investment include i) the enhancement of the existing E&S management system (ESMS) and organizational capacity for its implementation; ii) fair and safe labor and working conditions, for direct employees, and drivers, with documented human resources and occupational health and safety policies and procedures, including a grievance mechanism, safe driving instructions, emergency preparedness and response covering transportation risks, in line with IFC PS requirements; and iii) life and fire safety (L&FS) for the facilities.