Ploiești-based TMT ID, a cell knowledge and identification intelligence firm, has secured a €34 million (£30 million) funding from development capital investor BGF, to assist its enlargement and assist international companies fight cybercrime, stop fraud and construct digital belief.
The assist from BGF will permit TMT ID to proceed including to the services it presents, pursue worldwide enlargement centered on the US, and construct on its current buyer base of greater than 260 organisations, starting from small companies to international know-how leaders.
John Wilkinson, CEO of TMT ID, says: “We’re delighted to announce BGF ’s funding in TMT ID. At a time when fraud and digital threats are escalating worldwide, the flexibility to confirm customers, detect threat, and shield buyer s has by no means been extra essential. TMT ID’s cell identification and quantity intelligence options ship actual – time insights that permit enterprises to construct belief, stop fraud and optimise determination – making.”
The funding panorama for European identity-verification and fraud-prevention startups in 2025 reveals regular however largely early-stage exercise, with corporations similar to Ver.iD in Amsterdam securing €2 million to develop its SaaS verification platform, Italy’s Trustfull elevating €6 million to boost its fraud-prevention know-how, and London-based FALKIN acquiring €1.7 million to advance proactive scam-detection instruments.
These quantities distinction with the considerably bigger €34 million secured by TMT ID, positioning the Romanian agency as an outlier in scale inside its area of interest.
The broader development aligns with EU-Startups’ reporting that European corporations are more and more addressing subtle AI-enabled threats, together with deepfake-driven fraud, as outlined in our October analysis of escalating losses surpassing €1.3 billion.
“BGF’s funding marks a big milestone in our continued development trajectory. It offers the strategic partnership wanted to speed up innovation, strengthen our international attain, and broaden the depth and breadth of our providers. We sit up for working intently with BGF to scale our know-how and proceed setting new benchmarks for belief and buyer confidence within the digital economic system,” provides Wilkinson.
Based in 2016 by John Wilkinson and Fergal Parkinson, TMD ID was born out of the idea that the cell phone was turning into a very powerful digital key to identification and belief. In 2023, TMT ID accomplished the acquisition of Phronesis Applied sciences, a frontrunner in cell identification options.
Its knowledge community – which powers its identification verification options – spans three billion cellphone numbers throughout greater than 200 nations and territories and performs over 100 million checks every day by direct integrations with cell community operators. Its options are deployed by over 250 banks and monetary establishments, e-commerce and insurance coverage corporations to simplify buyer verification, cut back fraud and enhance buyer expertise.
Demand for TMT ID’s providers has pushed 30% development thus far this 12 months in contrast with 2024. Income from its identification and fraud product suite, which incorporates ‘know your buyer’ and age verification, is up 80%.
This funding represents the primary institutional partnership for TMT, which has been largely self-funded up to now.
Matthew Connor, Investor at BGF, shares: “TMT ID combines good know-how with a confirmed industrial mannequin in one of many fastest-growing areas of the digital economic system. This funding displays our confidence within the crew’s imaginative and prescient and functionality to broaden internationally, notably into the US market, and we’re proud to again a enterprise that’s redefining digital belief.”
In 2024, international losses from fraud reached €863 billion ($1 trillion), reflecting the vulnerability of digital transactions. The age verification market alone is forecast to double in measurement over the following 4 years, from €3.5 billion ($4 billion) to €6.9 billion ($8 billion). TMT ID’s use of cell community knowledge complies with guidelines launched in July 2025 beneath the UK On-line Security Act to guard younger individuals from delicate content material.
BGF’s funding in TMT ID provides to a collection of offers in 2025, together with know-how providers supplier PMC, embedded scheduling software program firm Cronofy, and hospitality accounting specialist Paperchase Accountancy. Not too long ago, BGF pledged €1.1 billion (£1 billion) to high-potential companies throughout London and the South East as a part of a deliberate €3.4 billion (£3 billion) nationwide capital deployment over the following 5 years.
This announcement follows BGF’s profitable exits from fireplace suppression consultants BB7, which generated a 3x MM return and 21% IRR, and OrganOx, one of many UK’s largest MedTech exits at €1.2 billion ($1.5 billion), which generated a 10x MM and 69% IRR.
