London, England - Starting in October, OnlyFans will prohibit users from posting any sexually explicit conduct.
In a recent statement, the company stated that creators will still be allowed to post nude photos and videos, as long as they don’t go against company policy.
The company points to increasing pressure from banking partners and payment providers as the reason for the changes. According to Bloomberg, OnlyFans is trying to raise money from outside investors at a valuation of more than $1 billion.
OnlyFans has attracted more than 130 million users, with many of its most-popular creators posting nude photos and videos. The platform gained its notoriety by becoming the go-to online medium for sex workers.
These changes come shortly after the company launched its first app, a mobile version of the platform that is labeled as “safe-for-work”. The app contains no adult content and is completely free.