Mobile-identity intelligence firm TMT ID has secured a £30 million investment from growth capital investor BGF, paving the way for accelerated U.S. market expansion and further innovation in mobile data and identity solutions.
TMT ID, which specialises in leveraging mobile network data for identity verification, fraud detection, and digital trust services, will use the funding to deepen its product offering and extend its footprint in the United States. The deal marks the company’s first institutional funding after years of operating on its own.
The investment supports TMT ID’s ambition to partner with global organisations — from small businesses to major technology and e-commerce companies — to defend against cyber-fraud, embed online trus,t and meet evolving regulatory obligations. The company’s current customer base spans more than 260 organisations.
TMT ID reported 30% year-on-year growth in demand so far this year compared to 2024, while revenue from its identity and fraud product suite — including “know your customer” (KYC) and age-verification services — rose by 80%. This growth reflects increasing online fraud losses, which reached around US $1 trillion globally in 2024, and a mobile identity market where age verification alone is projected to double from US $4 billion to US $8 billion over the next four years.
The company’s number intelligence platform covers more than 200 countries and territories and performs more than 100 million daily checks via direct integrations with mobile network operators. These real-time checks support account opening, authentication, and age assurance, and help identify transaction fraud, SIM-swap, and port-out risk.
Founded by John Wilkinson and Fergal Parkinson, TMT ID completed the acquisition of mobile-identity specialist Phronesis Technologies in 2023, marking a key milestone in its growth trajectory.
BGF’s London investment team — led by Matthew Connor, Elena Kovalikhina, Dylan Kaye and Alex Snodgrass — backed the deal. The partnership will also see David Quantrell join TMT ID’s board as Non-Executive Chair. Quantrell brings board experience from companies such as Speechmatics, Retail Insight, and LineView, and executive roles at global technology firms.
The investment forms part of BGF’s broader 2025 agenda, which includes a £1 billion pledge to support high-potential businesses across London and the South East, contributing to a larger £3 billion national capital-deployment goal over five years. Previous successful exits by BGF include BB7 and OrganOx.
TMT ID intends to scale its technology, expand its global reach, and continue setting new benchmarks for digital-trust and customer-confidence solutions in the digital economy.
KEY QUOTES:
“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.”
John Wilkinson, CEO of TMT ID
“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.”
Matthew Connor, Investor at BGF
