ERAD Group

What ERAD Group does

ERAD Group, LLC is a Texas-based SaaS company founded in 2012 that provides cloud-based investigative tools to U.S. law enforcement agencies for combating financial crime. Its core platform enables officers in the field to read prepaid, gift, and magnetic-stripe cards; detect cloned or counterfeit cards; track and seize funds held in cryptocurrency wallets and peer-to-peer cash applications (Venmo, Cash App, PayPal); and generate geolocation data on persons of interest via the Lead Generation Service and Geo Device Locator (GDL). The technology originated from a Department of Homeland Security award in collaboration with DOJ/Homeland Security Investigations and is patented, with multiple federal circuit court rulings upholding its legal use under the Fourth Amendment. The company serves hundreds of federal, state, and local agencies across more than 40 U.S. states, with additional international deployments, and publishes extensively on case outcomes (e.g., $900K DEA forfeiture, $17K Wauwatosa recovery, 20,000-card Canadian processing job).

ERAD operates a multi-stream recurring revenue model. Law enforcement agencies subscribe annually (pricing around $5,000 per year per agency, per the Smith County, TX contract), accessing the platform via desktop, laptop, or the ERAD Mobile iOS/Android app. A separate subscription product, ERAD-INS (Issuer Notification Service), is sold to U.S. card issuers (banks, credit unions) and delivers near-real-time notifications of confiscated cards via secure FTP. A referral/affiliate revenue stream runs through an exclusive 2024 partnership with Crypto Track, offering CT Pro cryptocurrency investigation software to ERAD customers at a 15% discount. Distribution combines direct enterprise sales with channel partnerships — notably the SRLEEA partnership for small and rural agencies and ecosystem partners PATC and Desert Snow — and content marketing via a newsroom, case studies, contributed articles in Police Chief Magazine, and social channels (LinkedIn, Facebook, YouTube). The company is privately held, PCI-DSS compliant, and headquartered in Dallas, TX, with leadership including CEO Tim Moss and COO Steve Beckerman.

Name

ERAD Group

Legal name

ERAD Group, LLC

Website

https://erad-group.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

ERAD Group is a Texas-based SaaS company that provides cloud-based investigative tools to U.S. law enforcement agencies for reading prepaid cards, detecting cloned cards, tracking cryptocurrency and cash-app funds, and geolocating persons of interest in financial crime cases.

Ownership category

akta.pro rank

Product category

Law Enforcement Investigation Software

NAICS

Investigation and Personal Background Check Services (561611), Investigation and Security Services (5616), Investigation, Guard, and Armored Car Services (56161), Collection Agencies (561440)

SIC

Services-Detective, Guard & Armored Car Services (7381), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Fraud Detection & Prevention (payments fraud, account takeover, scams) (FSAGAFAE)

akta.pro secondary industries

Payments Fraud & Chargeback Prevention (HDADALAE), Wallet Risk Scoring, Address Screening & Exposure Checks (FSADALAD), Skip Tracing & Contact Data Services (FSAKAJAE)

Keywords

• Law enforcement software
• Financial crimes investigation
• Prepaid card analysis
• Cryptocurrency tracking
• Geolocation investigation

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription - Law Enforcement: Cloud-based subscription software accessible via desktop, laptop, or mobile devices. Sold to law enforcement agencies on an annual subscription basis with pricing around $5,000 per year for agencies like Smith County.
2. ERAD-INS (Issuer Notification Service): Subscription service for U.S. card issuers providing reports of confiscated cards, cardholder information, and law enforcement agency contact details delivered via secure FTP multiple times daily.
3. CT Pro Partnership (Crypto Track): Through exclusive partnership with Crypto Track, ERAD offers CT Pro cryptocurrency investigation software to law enforcement clients at a 15% discount, providing additional revenue through referral/marketing partnership.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

ERAD Group provides a cloud-based SaaS platform for law enforcement agencies to investigate financial crimes. Core capabilities include prepaid card reading and balance checking, cloned/stolen card detection, cryptocurrency wallet tracking and seizure, peer-to-peer cash application (Venmo, Cash App, PayPal) fund seizure, and geolocation (geo-fencing) services for identifying persons of interest. The company also offers ERAD-INS, a notification subscription service for U.S. card issuers that delivers reports on confiscated cards to help prevent further fraud losses.

Product overview

ERAD Group offers a cloud-based SaaS platform designed for law enforcement and card issuers to combat financial crimes. The core offering is the ERAD Financial Crimes Intelligence System, which provides integrated investigative tools including Lead Generation Service for geofencing/witness identification, cryptocurrency tracking via CT Pro partnership, and prepaid card analysis. For card issuers, ERAD-INS provides instant notification when cards are seized by law enforcement. The platform integrates with payment card readers for field investigations and delivers reports via secure FTP. ERAD-Intel provides the client portal for system access, with a mobile app enabling field operations.

Differentiator

Problem solved

Functional benefit

Products and services

• ERAD Financial Crimes Intelligence System Core cloud-based SaaS platform for law enforcement providing real-time tools to identify persons of interest, investigate financial crimes, seize laundered money from prepaid cards/cryptocurrency/cash applications, and document case details for prosecution.
• Lead Generation Service (LGS) / Geo Device Locator (GDL) Geo-fence service that determines geo-coordinates and physical addresses where specific mobile devices have been seen during a search period; helps identify crime scene witnesses, persons of interest, and suspects.
• ERAD-INS (Issuer Notification Service) Notification service for card issuers that delivers reports (BIN registration details, cardholder data, law enforcement contact info) when credit, debit, or prepaid cards are seized by law enforcement agencies, helping issuers prevent further fraud losses.
• CT Pro (Crypto Track) Cryptocurrency Investigation Software Cryptocurrency investigation software that tracks illicit crypto transactions, follows cryptocurrency flow to real-world identities, and provides automatic alerts when currency moves between cold wallets or exchanges. Includes training courses and investigator certifications.
• ERAD Prepaid Card Reader Handheld wireless device allowing law enforcement officers to check balances on prepaid, gift, and magnetic stripe cards, and to place temporary holds on linked funds pending investigation.
• ERAD Mobile App Mobile application allowing law enforcement officers to access the ERAD platform capabilities from mobile devices, tablets, laptops, or desktop computers in the field.

Quantifiable outcome

• Processes thousands of cards in minutes instead of months (e.g., 19,000 cards that would take 9 months now processed in minutes)
• +3 more outcomes

Named customers33 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Crypto TrackcoreTechnology or Integration · 20 June 2024ERAD joined forces with Crypto Track to make CT Pro cryptocurrency investigation software available to ERAD law enforcement clients. CT Pro was created by law enforcement professionals to help analyze, track and streamline cyber investigations. Through exclusive partnership, ERAD customers receive 15% discount on CT Pro subscriptions.
• CT Pro (Crypto Track)coreTechnology or Integration · 20 June 2024CT Pro cryptocurrency investigation software offers tracking of illicit crypto transactions, following cryptocurrency flow to real-world identities, automatic alert notifications for wallet movements, interactive training courses, and Cryptocurrency Investigator Certifications. Available exclusively at 15% discount through ERAD partnership.
• Small & Rural Law Enforcement Executive Association (SRLEEA)coreStrategic or Co-development Partner · 13 September 2021ERAD entered strategic partnership with SRLEEA to provide investigative tools to small, rural and tribal law enforcement communities. ERAD agreed to contribute a portion of each yearly subscription from SRLEEA members back to the organization. Partnership enhances awareness of digital money laundering epidemic and provides comprehensive financial crime solutions to agencies that may not have access to such technology otherwise.
• Department of Homeland Security (DHS) Science & TechnologycoreStrategic or Co-development PartnerERAD was developed through a Department of Homeland Security award in collaboration with Department of Justice, Homeland Security Investigations, and other DHS component agencies. DHS S&T continues to recognize ERAD as one of its most successful technologies for law enforcement. The prepaid card reader has been commercially available since 2015.
• Department of Justice / Homeland Security InvestigationscoreStrategic or Co-development PartnerPartnered in development of ERAD prepaid card reader technology alongside DHS S&T. Homeland Security Investigations uses ERAD system across federal law enforcement operations.
• Strategic Partners (General)minorStrategic or Co-development PartnerERAD maintains relationships with various strategic partners including CT Pro, PATC (Public Agency Training Company), SRLEEA, and Desert Snow for law enforcement solutions ecosystem.

Scale indicators14 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Kaseware: Investigative case management and intelligence platform built for law enforcement, featuring link analysis, search, and collaboration. Comparable to ERAD's cloud-based SaaS delivery model for U.S. police departments and federal agencies.
• CipherTrace (Mastercard): Cryptocurrency intelligence and blockchain forensics firm acquired by Mastercard; serves law enforcement, regulators, and financial institutions. Direct competitor to ERAD's CT Pro crypto investigation offering, with deeper proprietary blockchain datasets.
• Babel Street: OSINT and analytics platform for law enforcement, national security, and government agencies. Directly comparable to ERAD's GEO device locator and cross-jurisdictional deconfliction capabilities for persons-of-interest identification.
• PenLink: Investigative case management and analytics software used by law enforcement to centralize intelligence, conduct link analysis, and manage digital evidence. Comparable to ERAD in serving U.S. federal/state/local LE agencies with subscription SaaS.
• Magnet Forensics: Digital forensics software for law enforcement to recover and analyze data from mobile devices, computers, and cloud sources. Comparable to ERAD in providing digital investigative tools to LE on a subscription basis.
• Chainalysis: Leading blockchain analytics platform serving law enforcement and financial institutions to trace illicit cryptocurrency. Directly comparable to ERAD's CT Pro partnership offering for crypto investigation, though operating at substantially larger scale.

Broad incumbents

• LexisNexis Risk Solutions: Large incumbent provider of data analytics, identity verification, and fraud detection to law enforcement, insurance, and financial services. Comparable to ERAD-INS in serving card issuers and broader fraud-prevention workflows, though operating across many verticals.
• IDEMIA: Identity and biometric solutions provider serving government, financial institutions, and law enforcement for authentication, fraud prevention, and KYC. Comparable to ERAD's card-issuer-facing fraud mitigation value proposition in payments identity.
• Thomson Reuters (Clear): Provider of investigative and public records tools (including CLEAR) to U.S. law enforcement for persons-of-interest research and skip tracing. Comparable to ERAD's GEO locator and cross-agency deconfliction, though from a much larger diversified vendor.
• TransUnion (TLO / Truv): Major credit bureau with dedicated law enforcement and skip-tracing offerings (TLO) used by investigators to locate persons and assets. Comparable to ERAD's GEO Locator / person-of-interest identification capabilities, though at substantially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCpVyEXlscrAv7gG3QjNlrdQ
• Facebookfacebook.com/eradgroupinc
• LinkedInlinkedin.com/company/erad-group-inc-
• Xx.com/ERADgroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ERAD Group