cooperativa movilizamos

What cooperativa movilizamos does

XN88 is a privately held online gambling platform founded in 2020, headquartered in Ho Chi Minh City, Vietnam, with claimed 15+ years of brand heritage in the Asian iGaming sector. The platform operates as a comprehensive aggregator across sports betting (football, basketball, tennis, eSports via SBOBET and CMD368 integrations), live casino (Baccarat, Blackjack, Roulette, Sicbo), slot games, lottery, traditional card games, and online cockfighting (Đá Gà). Underlying technology includes a self-serve web platform (evptv.net) with SSL 256-bit encryption, an iOS/Android mobile application that achieved over 2 million downloads within six months of its 2025 launch, sub-3-minute transaction processing, and AI-supported 24/7 customer service. The platform's regulatory posture relies on Curaçao Gaming Control Board licensing and PAGCOR credentials, with ISO/IEC 27001 information security certification achieved in 2025.

The business model is freemium B2C, monetized through transaction fees on gambling losses and revenue-sharing arrangements with game providers. New users receive 58K free credits and a 188K red-envelope sign-up bonus, with a 100% first-deposit match and daily cashback programs designed to drive engagement and retention. GTM motion is product-led growth: self-serve registration, mobile app downloads, promotional codes, and an affiliate network of u888 partner domains (u888com.la, u888com.media, u888g.best, u888c.cam). The platform claims 5 million+ registered members and was awarded "Most Trusted Bookmaker in Southeast Asia 2025." For 2026, XN88 has announced geographic expansion into 10 new Asian countries, a planned virtual reality betting feature, and an upgrade of its AI customer support capability.

Name

cooperativa movilizamos

Legal name

XN88

Website

https://movilizamos.com.co

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

XN88 is a privately held Asian online gambling platform founded in 2020, offering sports betting, live casino, slots, lottery, card games, and cockfighting to 5M+ registered members, primarily in Vietnam and Southeast Asia.

Ownership category

akta.pro rank

Product category

Online Gambling & iGaming

NAICS

Gambling Industries (7132), Other Gambling Industries (713290)

akta.pro industry

PRIMARYMPAEAKAA

iGaming Platform Providers (Turnkey/Casino & Sportsbook Platforms)

Media, Entertainment & Sports/Gambling, Betting & Casinos/Gaming Technology, Platforms & Data (iGaming Platforms, Odds, Risk, KYC)

SECONDARYMPAEAKAG

Game Aggregation, Content Distribution & RGS (Remote Game Servers)

Media, Entertainment & Sports/Gambling, Betting & Casinos/Gaming Technology, Platforms & Data (iGaming Platforms, Odds, Risk, KYC)

SECONDARYMPAEAKAH

Payments Orchestration, Wallets & Alternative Payments Enablement

Media, Entertainment & Sports/Gambling, Betting & Casinos/Gaming Technology, Platforms & Data (iGaming Platforms, Odds, Risk, KYC)

Keywords

• Online sports betting
• Live casino gaming
• IGaming platform
• Mobile betting app
• Slot games online

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Gambling Transaction Fees: Platform generates revenue from gambling losses and transaction take rates on sports betting, casino, slots, lottery, and other gaming products
2. Game Provider Partnerships: Revenue sharing arrangements with game providers such as SBOBET, CMD368 for sportsbook and various casino game suppliers

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Operates an online iGaming platform that aggregates sports betting, live casino, slot games, lottery, card games, and online cockfighting, integrating third-party game providers (SBOBET, CMD368) and serving users through a web platform (evptv.net) and dedicated mobile application. Licensed by Curaçao Gaming Control Board and PAGCOR, with ISO/IEC 27001 certification and sub-3-minute transaction processing for deposits and withdrawals.

Product overview

XN88 is a comprehensive iGaming platform launched in 2020, operating as an online gambling aggregator that connects users with various entertainment products. The platform offers a unified experience across sports betting, live casino, slot games, lottery, card games, and online cockfighting. The platform serves over 5 million members across Asian markets, featuring partnerships with major gaming suppliers like SBOBET and CMD368. A mobile application was launched in 2025, and the platform plans to expand into virtual reality betting in 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• XN88 Online Gambling Platform
• Sports Betting
• Live Casino

Quantifiable outcome

• 5 million+ registered members
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and major.

• SBOBETcoreTechnology or IntegrationMajor sportsbook technology provider integrated into XN88 platform, providing comprehensive sports betting coverage including football, basketball, tennis, and international tournaments.
• CMD368coreTechnology or IntegrationSports betting technology partner offering odds, live betting features, and sportsbook integration services for the XN88 platform.
• u888majorGTM or Marketing PartnerMarketing and referral partner network including multiple domains (u888com.la, u888com.media, u888g.best, u888c.cam). Partners provide user acquisition and promotional campaign coordination.
• Curaçao Gaming Control BoardcoreOthersRegulatory licensing authority providing official gambling operator license to XN88, ensuring compliance with international betting standards.
• PAGCORcoreOthersPhilippine Amusement and Gaming Corporation - regulatory body mentioned in FAQ as licensing authority for XN88 operations.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Fun88: Fun88 is a multi-vertical online betting brand serving Asian markets with sportsbook, live casino, and slots. Comparable to XN88 in customer segment (Asian online bettors), product portfolio, and self-serve freemium acquisition model.
• 1xBet: 1xBet is a global online gambling operator with strong presence across Asian markets, offering sports betting, casino, and live dealer products. Comparable to XN88 in product breadth, Asian market focus, and Curaçao-licensed multi-jurisdictional operation.
• Dafabet: Dafabet is a major Asian-focused online gambling operator offering sports betting, casino, and live dealer games. Direct peer to XN88 based on overlapping Asian customer base, similar product verticals, and licensed-operator business model.
• M88: M88 ( Mansion88) is a Southeast Asia-facing online sportsbook and casino operator with strong Vietnamese market presence. Comparable to XN88 in target geography, product mix, and Asian-facing operator positioning.
• 12Bet: 12Bet is an Asian online sportsbook and casino brand with operations across Vietnam, Thailand, and Indonesia. Direct peer to XN88 given shared Asian customer base, sportsbook-led product portfolio, and similar operator-with-aggregated-content model.
• W88: W88 is a long-standing Asian online bookmaker and casino operator serving Vietnamese, Thai, and Indonesian bettors. Closely comparable to XN88 in product breadth (sports, casino, slots), Southeast Asian focus, and Curaçao-licensed operator model.
• BK8: BK8 is a Southeast Asia-focused online gambling operator offering sportsbook, live casino, slots, and lottery. Direct peer to XN88 given overlapping product mix, target geography (Vietnam, Thailand, Indonesia, Malaysia), and operator-level business model.

Broad incumbents

• SBOBET: SBOBET is one of Asia's largest sportsbook operators and a content/technology integration partner of XN88. Comparable as a broad incumbent in Asian sports betting; overlaps with XN88 on sportsbook vertical but operates at substantially larger scale and across a wider portfolio.
• CMD368: CMD368 is an established Asian sportsbook technology provider and partner of XN88. Relevant as a broad incumbent in Asian betting infrastructure with overlapping sportsbook and live betting offerings; comparable business model as both an operator and a technology supplier.
• Bet365: Bet365 is the largest globally diversified online gambling operator with a substantial Asian customer base. Comparable as a broad incumbent in the same industry — overlapping sportsbook, casino, and live dealer products — though at far greater scale and with a much broader geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cooperativa-movilizamos

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about cooperativa movilizamos