GoTo, Indonesia’s onetime tech darling, banks on fintech for its second wind

The Southeast Asian super apps GoTo and Grab have a lot in common. Both started in the early 2010s to fill a hole in the on-demand, private-hire transport and delivery service sector before moving toward the idea of a super app (much like what is seen in China), later adjusting their strategies to streamline offerings.

Now, after a decade or so, Grab (No. 128 on the Fortune Southeast Asia 500) has arguably risen to the top. The firm’s on-demand services are available in eight of Southeast Asia’s 11 countries...