TMT ID
Published on: November 18, 2025
18 November 2025, London: TMT ID, the leading mobile data and identity intelligence company, has secured a £30 million investment from BGF, the UK and Ireland’s most active growth capital investor, to support its expansion and help global firms combat cybercrime, prevent fraud and build digital trust.
The support from BGF will allow TMT ID to continue adding to the products and services it offers, pursue international expansion focused on the US, and build on its existing customer base of more than 200 organisations, ranging from small businesses to global technology leaders.
Demand for TMT ID’s services has driven 30% growth so far this year compared with 2024. Revenue from its identity and fraud product suite, which includes ‘know your customer’ and age verification, is up 80%, reflecting the increasing need for businesses to robustly protect customers from online fraud and cybercrime, as well as ensuring age controls are adhered to. Customers include some of the largest companies in tech, finance and e-commerce.
This investment represents the first institutional partnership for TMT, which has been largely self-funded to date.
In 2024, global losses from fraud reached US$1 trillion, reflecting the vulnerability of digital transactions. The age verification market alone is forecast to double in size over the next four years, from US$4 billion to US$8 billion. TMT ID’s advanced use of mobile network data helps organisations meet emerging legal and regulatory obligations, including compliance with rules introduced in July 2025 under the UK Online Safety Act to protect young people from sensitive content.
TMT ID’s data network – which powers its identity verification solutions – spans three billion phone numbers across more than 200 countries and territories and performs over 100 million checks each day through direct integrations with mobile network operators. These real-time risk assessments and identity validations enable online account opening, authentication and age verification, as well as the detection of transaction, SIM-swap and port-out fraud.
The business was founded by John Wilkinson and Fergal Parkinson who identified that the mobile phone was becoming the most important digital key to identity and trust. In 2023, TMT ID completed the transformative acquisition of Phronesis Technologies, a leader in mobile identity solutions.
John Wilkinson, CEO of TMT ID, 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.”
The deal was led by Matthew Connor, Elena Kovalikhina, Dylan Kaye, and Alex Snodgrass, from BGF’s London investment team.
David Quantrell will join the TMT ID board as Non-Executive Chair. David has extensive boardroom experience, having chaired Speechmatics, Retail Insight, and LineView, and held non-executive roles at Egress and AIM-listed Oxford Metrics. He is a proven operator with an extensive track record of building technology businesses and has extensive knowledge of the US market, given executive roles held at Nortel Networks, Hewlett Packard, McAfee and Box.
Matthew Connor, Investor at BGF, 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.”
Notes to Editors
About TMT ID
TMT ID was founded in 2016 to provide frictionless age and identity verification using mobile network identity software. Its data network – which powers its identity verification solutions – spans three billion phone numbers across more than 200 countries and territories and performs over 100 million checks each day through direct integrations with mobile network operators. Its solutions are deployed by over 250 banks and financial institutions, e-commerce and insurance companies to simplify customer verification, reduce fraud and improve customer experience.
Press Contact for TMT ID
Fight or Flight – Dan Tookey
Dan.tookey@fightorflight.com
About BGF
BGF was set up in 2011 and has invested over £4.7 bn in more than 600 companies, making it the most active investor in the UK and Ireland. BGF provides minority, non-controlling equity investments for growth-stage businesses, combining capital with long-term partnership and access to a nationwide network of expertise.
www.bgf.co.uk / @BGF
Press Contact for BGF
Greenbrook Advisory – Alan Tovey / Demi Kurban
bgf@greenbrookadvisory.com
Last updated on November 18, 2025
We’re expanding our global network of partners and mobile data integrations. If you’re interested in collaborating, we’d love to talk.
Get in touch"Phone number verification plays a critical role in helping to detect and prevent online fraud. TMT ID’s TeleShield product provides easy access to global mobile data, enabling us to enhance the actionable results of our MaxMind minFraud® services."
"BTS (Business Telecommunications Services) is successfully using TMT’s Velocity and Live services to check the status of mobile numbers. This way we make sure we optimize the performance of the service offered to our customers and ensure the quality of terminating traffic to all countries.”
"LATRO relies on TMT’s TeleShield to provide the most up to date and reliable numbering qualification information within our fraud reporting tools, enabling us to protect our customer’s revenues and empowering them to defend themselves against fraudulent numbers."
"TMT is a valued partner that enables us to manage our routing costs effectively. They proactively and continuously expand their operator and country coverage while delivering exceptional customer service. We can always count on them to achieve high-quality results and look forward to our continued collaboration."
"TMT provides us with the most comprehensive numbering intelligence data through their fast and reliable Velocity and Live services. TMT is a trusted partner for us, their products ensure that we continue to optimise the best performance and service to our customers."
"TeleShield from TMT gives 42com the power to detect and target telephony fraud scams internationally, thereby protecting our company from the financial and customer experience impacts of telecommunications fraud."
"It has been a pleasure to work with the team at TMT. They have become an essential provider of accurate numbering data information and Number Portability services globally."
"Deutsche Telekom Global Carrier uses TMT ID as one of their key suppliers for Mobile Number Portability Data services. Deutsche Telekom Global Carrier uses TMT ID’s Velocity MNP solution. This is an ultra-fast query service that optimises the routing of international voice calls and A2P messaging."
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