Indonesian decacorn Gojek on Thursday announced that its annualized gross transaction value (GTV) in 2020 reached USD 12 billion, a 10% increase from last year. This year’s growth was reinforced by an almost threefold increase in GoPay transactions and the pay-later service.
“What is suddenly booming is our online investment feature, probably because people find it easy to access,” said Gojek’s co-CEO Andre Soelistyo in a virtual conference. Gojek partnered with mutual fund platform Bibit and the sharia-compliant gold investment app Pluang.
The firm also saw a fivefold increase in annualized GTV for its grocery service, as more people are relying on it for shopping during the pandemic. As for GoFood, the number of registered merchants increased by 80% to 900,000. Gojek didn’t disclose which vertical contributed the most to its revenue stream this year.
The co-CEOs Kevin Aluwi and Soelistyo appeared optimistic for the coming year, given the company’s products are all generating positive margins in 2020. Aluwi stating that they would focus on its three core businesses—ride-hailing, food delivery, and financial services.
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