The OnlyFans platform plans to sell a 60% stake to investment firm Architect Capital. This is reported by Bloomberg, citing sources.
According to the agency, the company will be valued at $3.5 billion as part of the deal. Architect Capital is seeking $2 billion in debt financing for the transaction, sources reported.
Currently, negotiations with Fenix International Ltd, which owns OnlyFans, are in the early stages and may take several months without leading to a deal.
Architect Capital was founded in 2020 by James Sagan. The company describes itself as a firm "specializing in creating new financial infrastructure across various asset classes." In a presentation for investors, the fund stated that it sees value in providing services to OnlyFans content creators and considers the possibility of the company going public in 2028, WSJ reported.
The British service OnlyFans is best known as a platform that allows creators of pornographic content to charge subscribers. Its popularity surged during the COVID-19 pandemic. OnlyFans was created in 2016, and in 2018, the service was acquired by American-Ukrainian shareholder Leonid Radvinsky.
In 2021, OnlyFans decided to ban its users from posting pornographic material, citing pressure from banks and payment services. However, six days later, the company's management reversed this decision, stating that it had received the necessary assurances "to support our diverse community of creators."
