TMT ID, a mobile data and identity intelligence company, has secured a £30 million investment from BGF as it plans to expand in the United States.
The London firm’s customer base has surpassed 260 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, it said. Revenue from its identity and fraud product suite, which includes ‘know your customer’ and age verification, is up 80%.
This investment represents the first institutional partnership for TMT, which has been largely self-funded to date.
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 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.
“We are delighted to announce BGF’s investment in TMT ID,” said CEO Wilkinson. “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.
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“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. The former chair of Speechmatics, Retail Insight and LineView has also held non-executive roles at Egress and AIM-listed Oxford Metrics, as well as executive roles at Nortel Networks, Hewlett Packard, McAfee and Box.