NewCraft

NewCraft's History

NewCraft, formerly known as TrapFi and also styled as newcraft or Newcraft, is a company that has undergone significant transformation since its inception. Participating in Y Combinator's W18 batch, NewCraft has developed a niche in the B2B sector, specifically focusing on engineering, product, and design. The transition to its current name marked a pivotal shift towards providing specialized services that simplify integrations for developers. The company's evolution reflects its adaptability and commitment to innovation in streamlining HR and payroll systems.

NewCraft's Services

NewCraft offers a universal API designed to streamline HR and payroll processes. This API connects developers to multiple employee platforms such as Workday, ADP, and Paylocity through a single, unified interface. By providing robust test environments, comprehensive documentation, and high-security standards, NewCraft aims to enhance the developer experience. This service can potentially save companies over $10 million in development costs, making it a highly valuable tool for businesses looking to integrate employee systems efficiently.

NewCraft's Remote Operations

Operating fully remotely, NewCraft embodies modern work culture by enabling its small yet dynamic team of two to collaborate from anywhere in the world. This remote-first approach allows the company to tap into a global talent pool and maintain flexibility in its operations. By leveraging cloud-based tools and communication platforms, NewCraft ensures seamless coordination and productivity, which is crucial for its mission to simplify complex integrations in the HR and payroll sectors.

NewCraft's Industry Focus

NewCraft operates within the B2B industry with a specific focus on engineering, product, and design. This specialization allows the company to cater to the unique needs of businesses that require sophisticated integration solutions for their HR and payroll systems. By addressing these niche markets, NewCraft is able to deliver targeted, high-value services that enhance operational efficiency and reduce development costs for its clients.

NewCraft's Acquisition

NewCraft has been acquired, marking a significant milestone in its corporate journey. While details of the acquisition remain undisclosed, this development indicates the company's strong market position and the value it offers to potential investors or larger entities. The acquisition is likely to provide NewCraft with additional resources and opportunities to expand its service offerings and further innovate in the B2B integration space.