---
title: 'Credit Analyst at Permian Labs'
canonical: 'https://feeny.ai/job/credit-analyst-permian-labs-new-york-jmpdjssvcx93'
type: 'job'
last_seen: '2026-10-15'
---

# Credit Analyst at Permian Labs

- **Company:** Permian Labs
- **Location:** New York, NY
- **Employment:** full-time
- **Work type:** onsite
- **Posted:** 2026-09-22
- **Last confirmed live:** 2026-10-15
- **Apply:** https://jobs.gem.com/permianlabs-xyz/am9icG9zdDpAjK7amla_gCCc5lPF8GXa

## Job description

Job Title: Credit Analyst Company: USD.AI Location: New York City, in-office Employment Type: Full-time

## About USD.AI

USD.AI provides AI infrastructure operators with strategic, non-dilutive financing facilities essential for their scale requirements. The company delivers non-recourse loans secured by GPU infrastructure and asset-level cashflows, offering capital providers exposure to liquid, transparent, and tradable credit products secured by income-producing compute assets. For more information, visit https://usd.ai/

The Team Our team draws experience from Coreweave, DRW, Deutsche Bank, JP Morgan, Circle, and other leading tech and financial institutions. We are Series A-funded by Coinbase Ventures, PayPal, Framework, Dragonfly, and others. We’ve built financial products facilitating hundreds of millions in transaction volume across diverse asset types. We have no middle managers and move quickly from idea to execution. We value integrity, high-agency and the ability to operate in ambiguity above all else.

## The Role

The Credit Analyst sits at the front door of USD.AI’s lending business. You will be the person guiding AI infrastructure and compute operators seeking GPU-backed financing through the journey from first conversation to funded loan. That means building rapport with borrowers, gathering what we need, and shepherding each deal through underwriting and diligence while supporting the credit team’s analysis. This is a strong fit for someone who is part relationship manager, part analyst: comfortable being the borrower’s main point of contact, organized enough to run a diligence process end to end, and curious enough to dig into the numbers and documents behind a credit decision.

## Responsibilities

- Support the borrower relationship. Be a primary point of contact from first touch through funding for a segment of borrowers — build trust, keep borrowers informed, and keep deals moving.
- Shepherd deals through diligence. Request and organize documents, chase down missing information, and manage timelines so nothing stalls.
- Support underwriting. Conduct deep credit analysis, model expected financials, help assemble diligence materials, populate the underwriting scorecard, and flag risks or gaps for the credit team.
- Coordinate the deal. Work across internal teams (credit, legal, compliance, finance) and external parties to move deals to close.
- Draft deal materials. Prepare investment proposal memos, teasers, term sheet summaries and internal deal updates that are clear, accurate and quick to review.
- Keep records clean. Maintain deal records, pipeline, and documentation that are current, organized, and audit-ready.
- Report on the pipeline. Produce regular pipeline and conversion metrics for leadership, such as deal stage, time to close, win and loss reasons, and volume forecasts.
- Improve the process. Help refine and strengthen the origination and diligence workflow as we scale origination volume.

## Requirements

- 2–4 years of experience in originations, credit, lending, deal or transaction support, investment banking, or a similar client-facing finance role.
- Strong organizational and project-management instincts — you can run multiple deals and diligence processes at once without dropping threads.
- Comfort working with financial documents and data; you can read a data room and know what matters.
- Excellent written and verbal communication, and a professional, trustworthy presence with external counterparties.
- High agency and comfort operating in ambiguity — you take ownership and figure things out.
- Based in NYC.

## Nice to Have

- Exposure to private credit, structured credit, asset-based lending, or underwriting and diligence processes.
- Interest in AI infrastructure, GPU compute, or data centers.
- A track record of improving or building operational processes.

## What We Offer

- Competitive base salary ($100,000 - $125,000) commensurate with experience.
- Long-term equity incentive package.
- Unlimited PTO.
- Health & wellness reimbursements.

## About Permian Labs

## Company Overview
- **One-liner**: Permian Labs builds on-chain credit infrastructure that finances AI compute hardware, enabling non-recourse loans secured by GPUs and other high-performance computing assets.
- **Entity Type**: Private (Series A)
- **Headquarters**: New York, NY, United States (additional office in Boston, MA)
- **Founded**: 2021
- **Founders**: Conor Moore, Ivan Sergeev, David Choi [tracxn.com](https://tracxn.com/d/companies/permian-labs/__w957Yr54vL1cVYGE9y9Y5KResro6ftm6tB2Fzc5xvhI)

## Core Business
- **Primary industries**: Fintech, Blockchain/DeFi, AI Infrastructure, Software Development
- **Target customers**: AI infrastructure operators, GPU owners/HPC data centers, institutional capital providers (crypto funds, family offices, HNWIs), and DeFi depositors seeking yield.
- **Mission/purpose**: Building liquid debt capital markets for hardware and compute assets — democratizing access to advanced computing power by unlocking capital through tokenized collateral.

## Products & Services
- **USD.AI**: On-chain credit protocol that bridges digital-asset liquidity to physical AI infrastructure. It powers real-world financing for AI hardware through tokenized collateral and non-recourse loans.
- **GPU Loans**: Financing secured by GPU hardware, offering custom quotes and immediate capital access based on GPU details and setup. Loans are non-recourse and backed by compute equipment and asset-level cashflows.
- **Plasma**: A deposit product/cap facility for AI infrastructure loans; Permian Labs has scaled it to a $500M cap, with reserved capacity for institutional depositors.
- **sUSDai**: Yield-bearing token representing deposits in USD.AI; depositors earn interest and principal from real AI revenue paid on-chain (e.g., 12.7% APR on a Compute Labs loan).
- **Protocol Infrastructure**: Smart contracts, risk engines, oracle systems, and on-chain mechanisms supporting lending, borrowing, and capital markets for compute assets.

## Market Standing
- **Valuation/Market Cap**: Not disclosed
- **Key Metric**: Total funding reported at **$49M** (per third-party data) with latest round a **$13M Series A** completed September 2025 (per PitchBook). Estimated annual revenue: **$1M** (third-party estimate).
- **Notable Investors/Partners**: Dragonfly (led seed round), Coinbase Ventures (strategic investment), Bullish Capital, Arbitrum Foundation, Breed VC, Flowdesk. Partners include QumulusAI, Compute Labs, and NVIDIA (event participation).
- **Growth Signals**:
  - Structured a **$500M non-recourse financing facility** through USD.AI for QumulusAI — described as the largest onchain-based credit facility ever created.
  - Hit the **$500M cap for Plasma** in September 2025.
  - Raised USD.AI deposit caps on Arbitrum to $250M due to strong demand.
  - LinkedIn followers grew **+186.9% year-over-year**; active job postings grew **+200% month-over-month**.
  - Expanding into APAC and Middle East capital origination.

## Competitive Advantages
- **First-mover in on-chain credit for AI infrastructure**: Permian Labs is one of the earliest protocols specifically financing GPU/compute assets via DeFi liquidity.
- **Non-recourse loan structure**: Loans are secured by hardware and asset-level cashflows, reducing borrower risk and enabling larger facilities.
- **Tokenized collateral**: Bridges traditional hardware assets with digital-asset liquidity, creating a new asset class for institutional and retail depositors.
- **Strong institutional backing**: Investors include Coinbase Ventures, Dragonfly, Bullish Capital, and Arbitrum Foundation.
- **Proven real-world traction**: Live loans on Arbitrum, first monthly payments from Compute Labs, and a record $500M facility demonstrate operating credibility.

## Strategic Focus
- **Scale USD.AI**: Expand deposit capacity, launch new products (e.g., Plasma), and increase the volume of GPU-backed loans.
- **Geographic expansion**: Build capital origination in APAC and the Middle East, targeting $5M+ depositors such as crypto funds, family offices, and HNWIs.
- **Institutional facilities**: Develop bespoke, syndicated loan facilities for institutional investors and large AI infrastructure operators.
- **AI integration**: Drive AI strategy and productization across borrower-facing web products and internal tools.
- **Deepen compliance and risk infrastructure**: Strengthen KYB/AML, wallet screening, and loan portfolio monitoring as the protocol scales.

## Why Work Here
- **Hybrid work environment**: Employees work a combination of remote and on-site in New York and Boston; some roles are fully in-office or remote-friendly.
- **Distributed team**: Workforce spans the US, Morocco, Thailand, and North Macedonia, offering a global, cross-cultural environment.
- **High-growth, well-funded startup**: With ~15–16 employees and $49M in funding, new hires can expect rapid ownership and direct impact.
- **Intersection of AI, blockchain, and fintech**: Opportunity to work on cutting-edge infrastructure at the convergence of three transformative industries.
- **Active hiring**: Open roles include Tech Lead (Sr. Fullstack Engineer), Capital Markets Analyst, Head of Capital Markets (APAC/ME), Compliance & Ops Manager, Ops Associate, Junior Frontend Engineer, and General Counsel.
- **Notable perks/culture signals**: Early-career roles come with rapid ownership; engineering culture emphasizes shipping scalable, secure fintech/DeFi features and collaboration with founders.

## Sources
1. [LinkedIn – Permian Labs](https://linkedin.com/company/permian-labs)
2. [Built In – Permian Labs Company Profile](https://builtin.com/company/permian-labs)
3. [Built In – Permian Labs Jobs](https://builtin.com/company/permian-labs/jobs)
4. [Tracxn – Permian Labs Company Profile](https://tracxn.com/d/companies/permian-labs/__w957Yr54vL1cVYGE9y9Y5KResro6ftm6tB2Fzc5xvhI)
5. [PitchBook – Permian Labs Profile](https://pitchbook.com/profiles/company/675270-

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