OnlyFans was created by Tim Stokely in November 2016. He founded the platform with a £10,000 loan from his father, Guy Stokely. Tim's brother Thomas Stokely also played a key role in the company as its COO, and their father acted as the finance head. The platform was originally designed for performers to directly monetize their content and interactions but became widely known for adult content over time. In 2018, businessman Leonid Radvinsky acquired a 75% stake in the parent company, Fenix International Limited, and became a major director, leading to the site's growth in popularity with adult entertainment creators.