TIER appoints Neotas as Due Diligence partner

TIER appoints Neotas as its partner to conduct due diligence on its suppliers, its supply chain and help meet its ESG criteria

As TIER continues to expand globally through acquisitions, it has selected Neotas to evaluate its suppliers. Neotas will leverage its Platform to analyse and monitor key risks as they arise. 

Neotas with its industry-leading Platform for conducting enhanced due diligence on companies and people, is excited to announce that it is evaluating TIER’s existing suppliers and new supplier on-boarding, including suppliers from acquisitions. The Platform is designed to examine all key risks and it can continuously monitor risks across a broad range to include, Politically Exposed Persons (PEP’s), sanctions, adverse media, court records, improper corporate behaviour, etc. This will enable TIER, the world’s leading shared micro-mobility provider, to build high quality supply chains and monitor risks which could cause reputational damage and ensure the safety of its customers. 

Neotas will conduct the analysis and directly communicate any risks, prior to the on-boarding of new suppliers. This risk analysis will be an integral part of the supplier vetting process. 

“This process will be fast and deep, providing TIER with an industry leading solution, customised to their needs”, said Ian Howard, Co-Founder. 

Neotas’s Platform brings together the traditional credit etc., checks with the state-of-the-art Open-Source Intelligence (OSINT), artificial intelligence and machine learning techniques to bring all information regarding supplier assessment into one place which is its Platform.  

Neotas will assist in the rapid expansion of the world’s leading shared micro-mobility provider and scale-up to ensure that TIER build high quality relationships with its suppliers. 

“Neotas’s aim is to uncover the entire network of activities of suppliers, to better understand their strengths and help alleviate any weaknesses” said Ian Howard, Co-founder at Neotas.  

“The integration with Tier’s existing systems and create an efficient automated workflow, was very satisfying to develop”, said, Mohammed Sheikh, Senior Vice President at Neotas. 

“At TIER, we care. It’s part of our DNA. That means taking the necessary measures throughout our global expansion to stay compliant with all applicable laws, the regulatory environment, which is becoming more and more complex, and international standards. That is why we are thrilled to partner with Neotas in our third party due diligence endeavour. Neotas provides us with reliability, flexibility and speed. Three core elements to succeed in the micro-mobility industry”, says Patricio Roffo, Head of Compliance – Risk at TIER Mobility.

ABOUT TIER​ Mobility

TIER Mobility is the world’s leading shared micro-mobility provider, with a mission to Change Mobility for Good. By providing people with a range of shared, light electric vehicles, from e-scooters to e-bikes and e-mopeds, powered by a proprietary Energy Network, TIER helps cities reduce their dependence on cars. Founded in 2018 by Lawrence Leuschner, Matthias Laug and Julian Blessin, TIER is headquartered in Berlin and currently operates in 210+ cities across 20 countries in Europe and the Middle East. With a focus on providing the safest, most equitable and most sustainable mobility solution, TIER has been climate neutral since 2020.

TIER’s investors include SoftBank Vision Fund 2, Mubadala Capital, Northzone, Goodwater Capital and White Star Capital. For more information, visit www.tier.app.