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TRAYD

All-in-one construction payroll and back-office management platform

TRAYD is a construction payroll and workforce management platform designed for specialty contractors, offering time-tracking, payroll automation with same-day/instant pay options, earned wage access, and back-office management including HR, scheduling, and field tracking.

$4.5M (Seed Round, Feb 2025) raised 🚀 Early Stage

Founded 2022 • Century Drywall (600-person union drywall contractor, Northeast US); multiple beta customers; 90% adoption rate among target customers; backed by Y Combinator S23

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Why This Tool Exists

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The Problem

Specialty contractors waste 20+ hours per week on manual payroll processing, compliance calculations, and back-office work. Prevailing wage rules vary by state and project, requiring complex manual overrides. Workers struggle with payment delays—specialty contractors often wait 1-2 weeks to receive pay, while they need immediate access to earned wages.

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The Solution

TRAYD consolidates time-tracking, payroll, HR, and accounting in one platform. Real-time attendance authentication enables same-day and instant pay through earned wage access. Automated prevailing wage calculations handle union requirements and multi-entity payroll. Mobile app allows foremen to clock workers in/out from the job site.

How You Use It

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Delivery Method

SaaS Mobile App

Disciplines

Construction

Project Phases

Bidding/Procurement, Construction Administration, Operations/FM

Project Types

Commercial, Infrastructure, Residential, Industrial

Data Transparency

Exactly what this tool uses and how

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Input

What it needs

Required: Employee data (name, role, classification), Time tracking data (clock in/out times), Job site information, Union requirements (if applicable)

Optional: Prevailing wage schedule uploads, Equipment and fringe benefit data, Custom pay rate rules, Project-specific compliance rules

Formats: Mobile app time tracking (iOS/Android), Manual time card entry, Web-based employee data import

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Output

What you get

Format: Automated payroll with multiple payment options and compliance documentation

Fields: Processed payroll by job site and project, Certified payroll reports (prevailing wage projects), Pay stubs with detailed deductions, Liability calculations by entity and project, Field time reports, Labor cost analysis, Compliance certifications

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Algorithm

How it works

Model: Proprietary payroll processing engine (detailed specifications not publicly disclosed)

Accuracy: 95% automatic identity verification approval rate without manual intervention; platform claims 90% adoption rate among target users, suggesting high accuracy in time tracking and payroll processing

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Privacy

How your data is protected

Retention: Not explicitly specified; project-based retention implied

Training: Not publicly specified

Compliance: Privacy policy available at https://www.buildtrayd.com/privacy-policy, Identity verification and data vaulting powered by OneFootprint, No specific SOC 2 or HIPAA certifications mentioned in public materials

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API

Integration

Endpoint: Contact vendor for API access

Method: Not publicly documented

Use Cases

• Automating prevailing wage calculations and certified payroll reporting for union construction projects
• Enabling same-day pay to reduce worker turnover in high-turnover construction labor markets
• Consolidating multi-entity payroll across multiple job sites and projects
• Streamlining HR onboarding and compliance verification for construction workers
• Providing real-time labor cost visibility and job site cost analysis
• Managing complex union benefits, holiday pay, and wage rules across different classifications

Pricing

Free

No free tier mentioned

Pro

Contact for pricing

Enterprise

Custom enterprise pricing available

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📚 Research Sources & Data Quality Last verified: 2026-02-01

Data Sources (9)

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Verified Data (19)

problem, solution, deliveryMethod, disciplines, projectPhases, projectTypes, yearFounded, maturityStage, customerBase, fundingTotal, input-required, input-optional, output-format, output-fields, control-features, useCases, privacy-location, privacy-policy-link, algorithm-approach

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Not Found (11)

integrations-list, api-documentation, api-endpoint, api-auth-details, privacy-data-retention, privacy-training-data, soc2-certification, specific-pricing-tiers, detailed-algorithm-model, webhook-support, algorithm-accuracy-metrics

Our Commitment: We only include verified data from official sources. If information isn't publicly available, we mark it as "Not publicly specified" rather than guessing.