Adult content creator platform OnlyFans is in talks to sell nearly 60 percent of its business to Architect Capital, a San Francisco-based investment firm, the Wall Street Journal first reported.
The deal would be valued at around $3.5 billion, putting OnlyFans' valuation at $5.5 billion, including debt. The platform brings in almost $1.6 billion in annual net revenue, according to a presentation seen by the Wall Street Journal.
The presentation also apparently stated that Architect sees a way to build an infrastructure at OnlyFans to pay "under-banked" creators. For years, some adult creators have claimed to be financially discriminated against and debanked, or have had their accounts closed at financial institutions, due to their work being "high risk."
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The firm also believes that OnlyFans has an opportunity to go public in 2028, the Wall Street Journal reported.
Tech firm Fenix International currently owns OnlyFans, with Leonid Radvinsky as the majority owner. In May 2025, the New York Post reported that Radvinsky wanted to sell OnlyFans but was having trouble finding buyers.
The news comes days after the latest class action lawsuit was filed against OnlyFans. The complaint claims that OnlyFans "baits and switches" customers by offering all a creator's content after they pay a subscription, only to be met with upselling behind the paywall.
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Anna Iovine is the associate editor of features at Mashable. Previously, as the sex and relationships reporter, she covered topics ranging from dating apps to pelvic pain. Before Mashable, Anna was a social editor at VICE and freelanced for publications such as Slate and the Columbia Journalism Review. Follow her on Bluesky.
