UK-based streaming platform OnlyFans is in advanced talks to sell a minority stake of less than 20% to San Francisco fund Architect Capital, at a valuation of more than $3bn. A deal could be signed as early as next month. It comes after the late-March death of owner Leonid Radvinsky; control of the company will remain with the family trust, led by his widow Katie.

OnlyFans generated $7.2bn of user revenue in 2025 and paid a record $701mn dividend to its owner last year alone. The platform had earlier sought a valuation above $5bn when considering a majority sale, but the shift to a minority process has reduced the stake value. Architect entered exclusive negotiations late last year, beating rival suitors including Los Angeles-based Forest Road Company, backed by British billionaires David and Simon Reuben. Architect is using a special-purpose vehicle (SPV — a stand-alone entity used for a single deal) with other co-investors.

As part of the transaction, OnlyFans will work with Architect to develop new financial-services products for its creators, who often struggle to access traditional banking. Radvinsky, the Ukrainian-American entrepreneur who acquired OnlyFans' parent Fenix International in 2018, died at 43 of cancer. The deal opens the door to further disposals while keeping the family trust in control. Source: Financial Times, 17 April 2026, Daniel Thomas, Kieran Smith and Oliver Barnes.