LOS ANGELES—Yekaterina Chudnovsky, the widow of late industry tech pioneer Leonid Radvinsky, officially assumed control of Fenix International Limited, the parent company of OnlyFans.com, Inc.com reports.
Chudnovsky assumed an ownership stake in Fenix through her late husband, who passed away in March from cancer. An attorney and investor herself, Chudnovsky has a clearer role in appointing and removing the members of the board of the privately-held platform.
According to new corporate filings with the United Kingdom government's Companies House, Chudnovsky now serves as the sole individual with direct or indirect control of 75 percent of all shares in the company and maintains 75 percent of voting share over the company. That filing, made Thursday, confirms that the transfer of ownership occurred at the end of April.
This development comes as the San Francisco-based Architect Capital made a deal to buy a 16 percent stake in Fenix, putting the company at a whopping $3.15 billion valuation.
Backers of the Architect investment include Australian billionaire James Packer, reports the Financial Times. The same report notes that the deal will contribute to efforts by OnlyFans to create financial services for its content creators as debanking and financial censorship remains a persistent issue in the world of adult content creation and digital sex work.
Reports also indicate that Keily Blair will remain as chief executive officer of the company. In a statement to multiple outlets, she said, "Our mission has always been to empower creators and fans by providing a unique set of tools to create, monetize, and engage with content online.
“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," she added.
