"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 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. 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."
"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 transacti"
TMT ID has secured a £30 million investment from BGF to accelerate product development, US-focused international expansion, and strengthen services that combat cybercrime, prevent fraud and build digital trust. The firm serves more than 260 organisations from small businesses to global technology leaders and has recorded 30% growth year-to-date versus 2024, with identity and fraud product revenue up 80%. Global fraud losses reached US$1 trillion in 2024 and the age verification market is forecast to double to US$8 billion within four years. TMT ID's mobile data network spans over 200 countries, performing more than 100 million daily checks.
Read at London Business News | Londonlovesbusiness.com
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