The investment will enable TMT ID to broaden its product suite, pursue international growth, and build on its existing customer base of more than 260 organisations, spanning SMEs to global technology leaders.
The company has already experienced 30% growth in 2025 compared with 2024, with revenue from its identity and fraud products including ‘know your customer’ and age verification – up 80%.
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.”
TMT ID’s data network spans over 200 countries and territories and performs more than 100 million checks daily via direct mobile network operator integrations. Its solutions enable real-time account opening, authentication, age verification, and detection of transaction, SIM-swap, and port-out fraud.
The business, founded by Wilkinson and Fergal Parkinson, completed the acquisition of Phronesis Technologies in 2023, expanding its mobile identity capabilities.
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.”
David Quantrell will join the TMT ID board as non-executive chair, bringing extensive experience in building and scaling technology businesses globally.
BGF’s investment adds to a string of 2025 deals, including PMC, Cronofy, and Paperchase Accountancy, and is part of its £3 billion UK-wide capital deployment plan.
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