OnlyFans to sell 16% stake to Architect Capital at – Business News
OnlyFans introduced Friday that it reached a deal to sell a roughly 16% stake to Architect Capital that values the porn streaming web site at $3.15 billion, after the Silicon Valley investment firm struggled to clinch backers.
Fenix International Limited, which owns OnlyFans, mentioned the deal consists of a $535 million investment that can help the revolutionary nudie web site offer new financial providers for its creators, “who are often underserved by traditional financial institutions and products.”
Architect Capital is set to obtain backing from a special-purpose vehicle with money raised from a group of traders. James Packer, a media and on line casino mogul who’s one of the richest people in Australia, and Sam Lessin, a enterprise capitalist and early investor in Venmo, are amongst these backing the deal, in accordance to the Financial Times.
James Packer at a Crown Resorts normal assembly in Melbourne, Australia, on Oct. 26, 2017. Getty Images
OnlyFans declined to remark. Architect didn’t instantly reply to The Post’s request for remark.
Architect Capital – a San Francisco-based investment firm recognized for controversial bets just like the Juul vaping model – had been angling to buy a a lot bigger 60% stake earlier than OnlyFans proprietor Leonid Radvinsky’s surprising death in March, as The Post solely reported.
Radvinsky died at age 43 after a secret battle with most cancers. The minority stake sale to Architect will depart control of the business to a household trust led by Katie Chudnovsky, his widow.
In the wake of the reclusive proprietor’s death, Architect struggled to discover backers for its bid to purchase OnlyFans – even because the company rotated an eye-popping $666 million in working revenue on $1.4 billion in income in fiscal 12 months 2025.
Despite the platform’s staggering earnings, traders had been skeptical that OnlyFans would ever give you the option to go public due to investing tips that largely prohibit the porn industry.
X-rated websites sometimes face larger transaction charges – typically 5% to 10% versus 2% to 3% – and Visa final 12 months began imposing stricter chargeback and fraud requirements on the company.
OnlyFans was trying to deal with the long-running banking woes by a partnership with a financial providers firm, The Post reported earlier this 12 months.
The late OnlyFans proprietor Leonid Radvinsky. Leonid Radvinsky/Facebook
“Our mission has always been to empower creators and fans by providing a unique set of tools to create, monetise, and engage with content online,” OnlyFans CEO Keily Blair mentioned in a assertion Friday.
“This strategic investment reflects our success in delivering this mission, and will enable us to build additional services and features to support our creator community and enhance OnlyFans’ position in the creator economy.”
Radvinsky acquired Fenix International in 2018, about two years after OnlyFans was created, and remained a director and the company’s majority shareholder for the following eight years.
The Ukranian-American entrepreneur revolutionized the porn industry, permitting grownup content material creators to attain their viewers immediately with subscriptions and keep 80% of their income – with some of the positioning’s high staff raking in tens of thousands and thousands of {dollars} yearly.
OnlyFans boasts over 4 million creators and 377 million fan accounts worldwide. asiraj – stock.adobe.com
Popular creator Sophie Rain thanked Radvinsky for altering her life in an emotional tribute after his death. She mentioned between 2023 and 2025, she earned a jaw-dropping $95 million by OnlyFans.
The NSFW web site says it has facilitated over $25 billion in funds to creators over the previous 10 years. It boasts over 4 million creators and 377 million fan accounts worldwide.
