TMT ID lands £30m to fight fraud, verify identities with mobile signals
This article covers TMT ID, a cyber security company, securing a £30m investment to accelerate product development and international expansion. The funding aims to help firms detect fraud, verify identities and comply with new online safety rules, supporting customers from small businesses to large technology and financial companies.
TMT ID has secured a £30 million investment to accelerate product development and international growth, with the aim of helping firms detect fraud, verify identities and meet new online safety rules. The funding underpins plans to push into the US and scale services used by businesses from small firms to large technology and financial companies.
Why it matters
Online fraud is a growing drain on the global economy. In 2024 global losses from fraud reached an estimated US$1 trillion, and regulators have been tightening obligations around online safety and age checks. The UK Online Safety Act introduced new rules in July 2025 to protect young people from harmful content, increasing demand for reliable age verification and identity tools.
TMT ID’s announcement is significant because it pairs a technology focused on number intelligence and mobile identity with fresh capital at a moment when businesses face both heightened fraud risk and heavier regulatory obligations. The company reports 30 percent growth so far in 2025 compared with 2024 and an 80 percent increase in revenue from its identity and fraud product suite.
Inside the product
TMT ID’s technology uses mobile network signals to produce real-time checks. Its data network covers three billion phone numbers across more than 200 countries and territories, and the platform performs over 100 million checks each day through direct integrations with mobile network operators.
Products include identity and fraud decisioning, know your customer (KYC) checks and age verification. The company says these capabilities support online account opening, authentication, age gating and the detection of transaction fraud, SIM-swap and port-out attacks. Customers are said to range from small businesses to global technology leaders; the company’s materials also state its solutions are deployed by over 250 banks and financial institutions.
TMT ID acquired Phronesis Technologies in 2023, a move described as transformative for the business and its mobile identity capabilities.
Who are the investors?
The investment was made by BGF. The deal marks TMT ID’s first institutional funding after having been largely self-funded. The transaction is intended to fund product development, support international expansion — with a focus on the US — and broaden the company’s commercial reach.
The round was led from BGF’s London team by Matthew Connor, Elena Kovalikhina, Dylan Kaye and Alex Snodgrass. As part of the agreement David Quantrell will join the TMT ID board as Non-Executive Chair. Quantrell’s experience includes chair and non-executive roles at companies such as Speechmatics, Retail Insight and LineView, and executive positions in the US market 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.
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Founder perspective
TMT ID was founded by John Wilkinson and Fergal Parkinson, who identified the mobile phone as a central digital key to identity. The company says its customer base exceeds 200 organisations and that its identity and fraud products have driven strong recent growth.
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 bigger picture
The deal underlines growing market interest in digital identity and trust infrastructure. Forecasts cited by the company suggest the age verification market could double from US$4 billion to US$8 billion over the next four years, creating a larger addressable market for real-time identity checks. The announcement also follows broader investor attention to identity, fraud prevention and authentication tools across Europe and the US.
The funding will test whether a UK-founded, mobile-first approach to identity can scale internationally, particularly into the US where regulatory environments and market expectations differ. There is also a policy angle: stronger online safety rules and rising regulatory scrutiny of KYC and age assurance mean demand for technical solutions is likely to persist.
This raise is another data point in the UK and European cybersecurity ecosystem: investors are continuing to place capital behind companies that can combine network-level signals with decisioning products to reduce fraud and meet compliance needs.
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