TMT ID, the mobile data and identity intelligence company, has secured a £30m investment from BGF, one of the UK and Ireland’s most active growth capital investors.
The backing is expected to accelerate the company’s international growth and support the fight against digital fraud and cybercrime.
The funding marks TMT ID’s first institutional investment, having largely self-funded its operations until now. The round was led by BGF’s London investment team, including Matthew Connor, Elena Kovalikhina, Dylan Kaye, and Alex Snodgrass.
TMT ID provides identity verification and fraud prevention technology that helps companies authenticate users, prevent account takeovers and protect customers from online threats. Its mobile intelligence platform powers real-time digital checks across more than 200 countries, enabling services such as online account opening, authentication, age verification and SIM-swap fraud detection. The company works with more than 200 business customers in sectors such as technology, financial services and e-commerce.
The new funding will support product expansion, increased hiring and a major international scale-up, with a clear focus on growth in the US market. The firm also expects to deepen its partnerships across its global mobile data network, which currently covers three billion phone numbers and processes more than 100 million checks daily through direct links with mobile network operators.
Demand for identity verification tools has surged. TMT ID reports a 30% increase in growth so far this year, with revenue from its identity and fraud suite up 80%. Fraud losses reached US$1tn globally in 2024, and the age verification market is forecast to double from US$4bn to US$8bn in the next four years. The company also supports organisations preparing to comply with new UK Online Safety Act rules coming into force in July 2025 to protect young people from harmful content.
TMT ID was founded by John Wilkinson and Fergal Parkinson. In 2023, it completed the acquisition of Phronesis Technologies, a specialist in mobile identity solutions.
TMT ID CEO John Wilkinson said, “We are delighted to announce BGF’s investment in TMT ID. At a time when fraud and digital threats are escalating worldwide, the ability to verify users, detect risk, and protect customers has never been more critical. TMT ID’s mobile identity and number intelligence solutions deliver real-time insights that allow enterprises to build trust, prevent fraud and optimise decision-making.
“BGF’s investment marks a significant milestone in our continued growth trajectory. It provides the strategic partnership needed to accelerate innovation, strengthen our global reach, and expand the depth and breadth of our services. We look forward to working closely with BGF to scale our technology and continue setting new benchmarks for trust and customer confidence in the digital economy.”
David Quantrell will join the board as non-executive chair. He brings experience from roles at Speechmatics, Retail Insight, LineView, Egress and Oxford Metrics, alongside previous executive roles in North America at firms including Hewlett Packard, McAfee and Box.
BGF investor Matthew Connor said, “TMT ID combines smart technology with a proven commercial model in one of the fastest-growing areas of the digital economy. This investment reflects our confidence in the team’s vision and capability to expand internationally, particularly into the US market, and we are proud to back a business that is redefining digital trust.”
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