"OnlyFans is in talks to sell a minority stake to a US investor that will value the business at more than $3bn. The London-based company is in advanced talks to sell a stake of less than 20% to the San Francisco-based investment firm Architect Capital."
"OnlyFans has decided that offloading a minority stake is the best guarantee of stability for a business dealing with the death of its founder, Leonid Radvinsky, who died of cancer last month at the age of 43."
"According to the latest accounts filed by OnlyFans' parent business, Felix International, it has 4.6m accounts registered to creators who split the proceeds from their subscriptions 80:20 with the platform."
"OnlyFans posted revenues of $1.4bn in the year to 30 November 2024, with a pre-tax profit of $684m, a rise of 4% over the prior year."
OnlyFans is in advanced negotiations to sell a minority stake of less than 20% to Architect Capital, valuing the company at over $3 billion. This decision follows the death of founder Leonid Radvinsky, which has prompted the company to seek stability. Architect Capital's expertise in financial services aligns with OnlyFans' interest in providing banking products to its creators. The platform has 4.6 million creator accounts and generated $1.4 billion in revenue in 2024, with significant payments made to creators.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]