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Incred Group acquires Arrow Capital, expands middle east presence
MUMBAI : Incred Group has acquired Dubai-based Arrow Capital (DIFC), a premier financial services firm known for its expertise in wealth management, investment advisory, & asset management. Founded in 2016 & regulated by the DFSA, Arrow Capital’s capabilities perfectly complement Incred’s vision for international growth, strengthening its foothold in the middle east.
With this acquisition, Incred Global Wealth, which operates in Dubai, Singapore, & London, will now manage assets exceeding $2 billion, a significant milestone for the firm.
Incred Group founder & CEO Bhupinder Singh commented, “This acquisition enhances our global capabilities, especially in the middle east & Africa, allowing us to serve our clients with greater expertise & depth.”
Arrow Capital CEO Rohit Nanani added, “Joining Incred offers us the opportunity to expand our service offerings & strengthen our client relationships.”
Incred Global Wealth CEO Srikantan Selvamani emphasised the middle east’s potential as a rapidly growing wealth market, with plans for expansion & further platform development in the region.
This strategic move accelerates Incred’s growth across wealth management, investment banking, & asset management, reinforcing its position in the global financial services sector.
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
