Olabet

What Olabet does

Olabet, operating as Mozambique Beneficial Games LDA (MBG), is a Maputo-headquartered, privately held online sports betting and gaming platform licensed in Mozambique under license number 3/IGJ/JSD/2020 issued by the Ministry of Economy and Finance's Inspeção Geral De Jogos. Founded in 2020, the platform serves individual Mozambican consumers with a unified sportsbook, live (in-play) betting, a portfolio of crash/multiplier games (Aviator, JetX, Spaceman, plus proprietary-themed titles such as EarPlane, Soaring, Chick'N'Roll, BR26 and Spins Champion), virtual sports, and a four-tier VIP Circle loyalty program with cashback up to 12% and daily withdrawal limits up to 150,000 MT. The technical stack is a mobile-optimized web platform (no native app) with no public API or developer SDK, integrating directly with the three dominant Mozambican mobile money providers (M-Pesa/Vodacom, E-Mola/Movitel, mKesh/Tmcel) for instant deposits and withdrawals with no platform fees; minimum bet is 1 MT and maximum 10,000 MT per sports ticket. Game content is sourced from third-party providers Spribe and Pragmatic Play, and the affiliate programme is operated on Income Access (Paysafe) infrastructure.

Name

Olabet

Legal name

Mozambique Beneficial Games LDA

Website

https://olabet.co.mz

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Olabet (Mozambique Beneficial Games LDA) is a Maputo-based, licensed online sports betting and gaming platform serving individual consumers in Mozambique with sportsbook, live betting, crash games, virtual sports, and a tiered VIP loyalty program, integrated with M-Pesa, E-Mola and mKesh mobile money.

Ownership category

akta.pro rank

Product category

Online Sports Betting

NAICS

Gambling Industries (7132)

akta.pro primary industry

Mobile-First / App-Based Online Casinos (MPAEABAG)

Keywords

• Online sports betting
• Mobile betting platform
• Live in-play wagering
• Crash games
• Virtual sports betting

Headquarters

HQ city

Maputo

HQ country

Mozambique

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Sports Betting: Traditional sports wagering on football, basketball, tennis, and other sports with house margin built into odds
2. Crash Games: House-edge games including Aviator, JetX, Spaceman where platform retains portion of wagers
3. VIP Membership Program: Tiered loyalty program (Silver, Gold, Diamond, Platinum) with enhanced withdrawal limits and weekly cashback for active players
4. Affiliate Program: Revenue share model (25-40% based on tier) and CPA payments (30 MZN per qualifying FTD) from referred players' net gaming revenue
5. Crash League Tournament: Weekly tournament with 0.05% of each bet contributing to progressive jackpot pool

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Olabet is an online sports betting and gaming platform operating in Mozambique that offers pre-match and live sports wagering on football, basketball, tennis and other sports, alongside a portfolio of crash/multiplier games (Aviator, JetX, Spaceman, EarPlane, Soaring, Chick'N'Roll), virtual sports, and a tiered VIP loyalty programme. The platform is built around native integration with three Mozambican mobile money providers (M-Pesa, E-Mola, mKesh) to enable deposits and withdrawals, and operates under gambling licence 3/IGJ/JSD/2020 issued by Mozambique's Ministry of Economy and Finance.

Product overview

Olabet is an online sports betting and gaming platform operating in Mozambique under licence 3/IGJ/JSD/2020 issued by the Ministerio Da Economia e Finanças e Inspecção Geral De Jogos. The platform is built around a unified sportsbook product offering pre-match and live sports betting (football, basketball, tennis, boxing, futsal, rugby, horse racing, virtual sports, and more) alongside a suite of crash/multiplier games including Aviator, JetX, Spaceman, and others. These are complemented by a VIP loyalty programme (VIP Circle with four tiers), an affiliate programme, promotional offers such as a 100% Sports Welcome Bonus, and weekly tournaments such as the Crash League. The platform integrates natively with three Mozambican mobile money providers — M-Pesa, E-Mola, and mKesh — to facilitate deposits and withdrawals.

Differentiator

Problem solved

Functional benefit

Brands

• Olabet Affiliates: The affiliate program operated by Olabet, allowing partners to earn commissions by referring new players.

Products and services

• Sportsbook (Apostas Desportivas) Core online sports betting product offering pre-match wagering on football, basketball, tennis, boxing, futsal, rugby, horse racing and other sports with markets including 1X2, Over/Under, Asian Handicap, Both Teams to Score, and Exact Score, targeting individual Mozambican bettors.
• Live Betting (Ao Vivo) Real-time in-play betting section allowing users to place wagers as events unfold, with dynamically updated odds, live statistics, and Cash Out functionality for early settlement, targeting experienced Mozambican bettors who prefer live wagering.
• Virtual Sports (Desportos Virtuais) Simulated virtual sporting events available 24/7, allowing players to bet on virtual football, basketball, and other sports with pre-generated outcomes, targeting Mozambican players seeking continuous betting opportunities outside live sports schedules.
• Aviator Multiplier-based crash game developed by Spribe where players bet on a rising multiplier displayed by a virtual airplane and aim to cash out before the plane flies away. The game uses a certified random number generator for unpredictability, targeting Mozambican players seeking fast-paced gaming.
• JetX Crash game featuring a jet aircraft whose multiplier rises during flight; players must cash out before the jet crashes, offering similar mechanics to Aviator with a distinct visual theme, targeting Mozambican players who prefer multiplier-based games.
• Spaceman Crash game developed by Pragmatic Play where an astronaut's rising multiplier determines winnings; players cash out before the spaceman flies away, including Auto Cash Out and 50% Auto Cash Out features, targeting Mozambican crash game players.
• EarPlane Crash-style game with a themed airplane mechanic distinct from Aviator, offering quick-round multiplier gameplay, targeting Mozambican players seeking fast multiplier-based entertainment.
• Soaring Crash game featuring a soaring/flying theme with multiplier-based betting mechanics, targeting Mozambican players seeking fast-paced multiplier gameplay.
• Spins Champion Slot-style spin-based game featured on the Olabet platform, available in the main navigation alongside other casino offerings, targeting Mozambican players interested in casino-style games.
• Chick'N'Roll Crash or arcade-style game featured on the Olabet platform, listed in the navigation and games section, offering themed multiplier gameplay to Mozambican players.
• BR26 Themed game available on the Olabet platform, listed in the navigation alongside other casino offerings, targeting Mozambican players seeking quick multiplier-based or themed betting products.
• Olabet VIP Circle Tiered loyalty programme with four levels (Silver, Gold, Diamond, Platinum) offering progressive benefits including enhanced withdrawal limits, personalised promotions, dedicated support, and weekly cashback up to 12% for top tiers, targeting high-frequency, high-value Mozambican players.
• Olabet Affiliate Programme Partner programme allowing affiliates to earn commission by referring Mozambican players, with CPA of 30 MZN per qualifying first-time depositor and tiered Revenue Share up to 40% on Net Gaming Revenue, tracked via the Income Access platform.
• Crash League Tournament Weekly tournament running Friday to Thursday with a guaranteed 30,000 MT progressive jackpot, where players earn points based on win ratio (winnings divided by total wagered) across eligible crash games, competing for top-50 rankings, targeting active Mozambican crash game players.

Quantifiable outcome

• Weekly Crash League tournament prize pool starting at 30,000 MT

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• M-Pesa (Vodacom)coreTechnology or IntegrationMobile money payment integration allowing users to deposit and withdraw funds directly through Vodacom's M-Pesa service. M-Pesa is one of the most widely used mobile money services in Mozambique.
• E-Mola (Movitel)coreTechnology or IntegrationMobile money payment integration with Movitel's E-Mola service, providing additional payment option for users on the Movitel network.
• mKesh (Tmcel)coreTechnology or IntegrationMobile money payment integration with Tmcel's mKesh service, enabling deposits and withdrawals for users on the Tmcel network.
• SpribecoreTechnology or IntegrationProvider of the Aviator crash game. Spribe specializes in innovative gaming solutions and provides the certified RNG-based crash game available on Olabet.
• Pragmatic PlaycoreTechnology or IntegrationLeading iGaming provider delivering the Spaceman crash game. Pragmatic Play is one of the most respected names in the iGaming industry.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Regional players

• Hollywoodbets: South Africa's largest retail-and-online sportsbook expanding into other African markets. Comparable sportsbook-led model with strong brand and multi-country footprint, but primarily competing across borders rather than inside Mozambique today.
• SportyBet: Africa-focused sportsbook with mobile-money-first product and lightweight mobile experience. Comparable emerging-market sportsbook model, though primarily active in West and East Africa.
• Betika: Sub-Saharan Africa-focused sportsbook with mobile-first product and MPesa integration. Operates across multiple East and Southern African markets, comparable in distribution philosophy to Olabet.

Direct peers

• 22Bet: International sportsbook and casino operating in Mozambique with similar D2C sportsbook, live betting, and crash-game lineup. Direct head-to-head competition for Mozambican bettors.
• 1xBet: Global sportsbook operator with a Mozambique-targeted product offering sports, live betting, crash games, and casino. Comparable D2C model, mobile-first access, and multi-payment-rail approach.
• Betwinner: International online sportsbook and casino targeting African markets including Mozambique. Competes head-to-head on sportsbook depth, crash games, and bonus-led customer acquisition.
• Mozzartbet: Mozambique-licensed online sportsbook and casino with mobile-first web product and local payment integration. Direct competitor on sportsbook and casino-style games within the same regulatory framework.
• Premier Bet: Africa-focused sportsbook with Mozambique presence offering sports, live betting, and virtuals. Overlaps directly with Olabet's core sportsbook and mobile-money-funded D2C proposition.
• Parimatch: Global sportsbook operator with African presence offering sportsbook, live betting, and casino products. Comparable B2C sportsbook proposition with growing Mozambique footprint.
• Betway: Pan-African online sportsbook and casino with an active Mozambique license and D2C mobile-first product. Directly competes with Olabet in sportsbook, live betting, and crash-style games on the same mobile money rails.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Olabet1
• Facebookfacebook.com/Olabet.mz
• Instagraminstagram.com/olabet_mozambique
• TikToktiktok.com/@olabet_moz
• LinkedInlinkedin.com/company/mozambique-beneficial-games

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Olabet