TMF Group was founded in the Netherlands in 1988. In 1992 the company expanded into Central and Eastern Europe, and by 1994 had offices in Hungary, Poland, Slovakia, Czech Republic, Romania and Serbia.

By 2001 TMF Group had 800 employees in 20 countries, increasing to 1,800 in 56 countries by 2006, following its entry into the APAC region in 2005.

Between 2006 and 2009 the company made 47 acquisitions, including departments of Ernst & Young, KPMG and Grant Thornton across multiple continents. After merging with Equity Trust in 2011, TMF Group went on to acquire PwC’s Brazilian business process outsourcing unit, including delivery centres in three cities. In 2017 TMF Group was acquired by CVC Capital partners. 

TMF Group recently acquired IQ Nexus in the Netherlands, Selectra in Luxembourg and Venture Back Office in the US.