TMT ID, a mobile data and identity intelligence firm, has recently obtained an investment of GBP 30 million from BGF, a growth capital investor active in the UK and Ireland. This funding aims to facilitate TMT ID’s expansion and support its mission in helping businesses across the globe combat cybercrime, prevent fraudulent activities, and establish trust within digital environments.
TMT ID specializes in age and identity verification through mobile network identity software. Their extensive network encompasses over three billion phone numbers from 200 countries, performing millions of checks daily via direct connections with mobile network operators. The company’s offerings assist more than 250 banks, financial institutions, ecommerce firms, and insurance companies to streamline customer verification processes and reduce the risk of fraud.
Funding for Identity Verification Solutions
The escalating vulnerability of digital transactions in 2024 led to worldwide fraud losses reaching USD 1 trillion. The age verification market is expected to nearly double its size by 2028, increasing from USD 4 billion to USD 8 billion. TMT ID utilizes mobile network data to assist organizations in adhering to emerging legal and regulatory requirements, particularly those introduced under the UK Online Safety Act in July 2025, which mandates protection for young individuals against specific forms of online content.
With this investment from BGF, TMT ID intends to enhance its product range, expand operations into the United States, and bolster its existing customer base. These developments reflect a significant trend where companies are prioritizing identity services to protect customers from online scams and cybercrime while ensuring compliance with age-related regulations.
TMT ID has seen impressive growth in 2025, recording a 30% increase in demand for identity services compared to the previous year. Additionally, revenue generated by TMT ID’s suite of identity and fraud prevention tools—such as Know Your Customer (KYC) and age verification—has surged by 80%. This underscores the growing necessity for businesses to safeguard their customers against digital threats while ensuring adherence to age control measures.
