Also known as: Trayd, TRAYD
A construction payroll platform designed for same-day pay.
Company is active
Event Year: 2023
Company is active
Event Year: 2023
Trayd is a B2B payroll platform and comprehensive back-office management system tailored specifically for the construction industry, enabling same-day pay for workers. Our platform empowers the 7 million construction workers in the United States to access their earned wages significantly faster—7 to 10 days sooner—compared to traditional payroll solutions. By introducing an innovative approach to conventional payroll processes, Trayd is dedicated to enhancing back-office efficiency for commercial subcontractors. Simultaneously, we aim to mitigate the substantial labor shortage that currently impacts the $2.1 trillion North American construction sector.
Beyond just construction payroll, Trayd embodies the commitment to ensuring that hardworking individuals have timely access to their earnings, thereby fostering improved financial well-being across the board. We are at the forefront of pioneering digital cash access for a demographic that has historically been underserved, while also modernizing operations within an industry known for its slow adoption of technological advancements. The challenges and opportunities presented by Trayd are extensive, promising a dynamic and impactful journey forward.
Trayd is a B2B payroll platform and comprehensive back-office management system tailored specifically for the construction industry, enabling same-day pay for workers. Our platform empowers the 7 million construction workers in the United States to access their earned wages significantly faster—7 to 10 days sooner—compared to traditional payroll solutions. By introducing an innovative approach to conventional payroll processes, Trayd is dedicated to enhancing back-office efficiency for commercial subcontractors. Simultaneously, we aim to mitigate the substantial labor shortage that currently impacts the $2.1 trillion North American construction sector.
Beyond just construction payroll, Trayd embodies the commitment to ensuring that hardworking individuals have timely access to their earnings, thereby fostering improved financial well-being across the board. We are at the forefront of pioneering digital cash access for a demographic that has historically been underserved, while also modernizing operations within an industry known for its slow adoption of technological advancements. The challenges and opportunities presented by Trayd are extensive, promising a dynamic and impactful journey forward.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2023
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2023
B2B
B2B
B2B -> Finance and Accounting
B2B -> Finance and Accounting
Team size: 4
Hiring: Yes
Team size: 4
Hiring: Yes