image
Financial Services - Financial - Credit Services - NASDAQ - US
$ 16.5
1.23 %
$ 17.9 B
Market Cap
137.5
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one SOFI stock under the worst case scenario is HIDDEN Compared to the current market price of 16.5 USD, SoFi Technologies, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one SOFI stock under the base case scenario is HIDDEN Compared to the current market price of 16.5 USD, SoFi Technologies, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one SOFI stock under the best case scenario is HIDDEN Compared to the current market price of 16.5 USD, SoFi Technologies, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
2.07 B REVENUE
36.11%
-190 M OPERATING INCOME
51.59%
-301 M NET INCOME
6.14%
-7.23 B OPERATING CASH FLOW
0.38%
-1.89 B INVESTING CASH FLOW
-1677.31%
10.9 B FINANCING CASH FLOW
28.98%
691 M REVENUE
17.74%
47.9 M OPERATING INCOME
835.21%
60.7 M NET INCOME
249.03%
-1.17 B OPERATING CASH FLOW
-51350.31%
-84 M INVESTING CASH FLOW
96.86%
1.5 B FINANCING CASH FLOW
18.37%
Balance Sheet SoFi Technologies, Inc.
image
Current Assets 3.79 B
Cash & Short-Term Investments 3.79 B
Receivables 60.5 M
Other Current Assets -60.5 M
Non-Current Assets 2.97 B
Long-Term Investments 725 M
PP&E 307 M
Other Non-Current Assets 1.94 B
Current Liabilities 362 M
Accounts Payable 160 M
Short-Term Debt 0
Other Current Liabilities 202 M
Non-Current Liabilities 24.4 B
Long-Term Debt 5.36 B
Other Non-Current Liabilities 19 B
EFFICIENCY
Earnings Waterfall SoFi Technologies, Inc.
image
Revenue 2.07 B
Cost Of Revenue 0
Gross Profit 2.07 B
Operating Expenses 2.26 B
Operating Income -190 M
Other Expenses 111 M
Net Income -301 M
RATIOS
100.00% GROSS MARGIN
100.00%
-9.16% OPERATING MARGIN
-9.16%
-14.54% NET MARGIN
-14.54%
-5.41% ROE
-5.41%
-1.00% ROA
-1.00%
-1.75% ROIC
-1.75%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis SoFi Technologies, Inc.
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Net Income -301 M
Depreciation & Amortization 201 M
Capital Expenditures -121 M
Stock-Based Compensation 271 M
Change in Working Capital -7.63 B
Others -7.43 B
Free Cash Flow -7.35 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets SoFi Technologies, Inc.
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Wall Street analysts predict an average 1-year price target for SOFI of $10.6 , with forecasts ranging from a low of $7.5 to a high of $14 .
SOFI Lowest Price Target Wall Street Target
7.5 USD -54.55%
SOFI Average Price Target Wall Street Target
10.6 USD -35.76%
SOFI Highest Price Target Wall Street Target
14 USD -15.15%
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership SoFi Technologies, Inc.
image
Sold
0-3 MONTHS
431 M USD 4
3-6 MONTHS
808 K USD 2
6-9 MONTHS
135 M USD 2
9-12 MONTHS
390 K USD 1
Bought
500 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
797 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
3 weeks ago
Dec 23, 2024
Sell 139 K USD
Keough Kelli
EVP, GBUL, SIPS
- 8914
15.5877 USD
1 month ago
Dec 19, 2024
Sell 1.02 M USD
Rishel Jeremy
Chief Technology Officer
- 64991
15.72 USD
1 month ago
Dec 16, 2024
Bought 500 K USD
Schuppenhauer Eric
EVP GBUL Borrow
+ 30599.81
16.34 USD
1 month ago
Dec 12, 2024
Sell 833 K USD
Ruzwana Bashir
Director
- 52000
16.0228 USD
1 month ago
Dec 02, 2024
Sell 27.8 M USD
SLTA IV (GP), L.L.C.
Director
- 1729713
16.06 USD
1 month ago
Dec 03, 2024
Sell 81.8 M USD
SLTA IV (GP), L.L.C.
Director
- 5142822
15.9 USD
1 month ago
Dec 03, 2024
Sell 960 K USD
SLTA IV (GP), L.L.C.
Director
- 60131
15.96 USD
1 month ago
Dec 04, 2024
Sell 310 M USD
SLTA IV (GP), L.L.C.
Director
- 19389745
16.011 USD
1 month ago
Dec 02, 2024
Sell 463 K USD
SLTA IV (GP), L.L.C.
Director
- 28840
16.06 USD
1 month ago
Dec 03, 2024
Sell 1.36 M USD
SLTA IV (GP), L.L.C.
Director
- 85748
15.9 USD
1 month ago
Dec 03, 2024
Sell 16 K USD
SLTA IV (GP), L.L.C.
Director
- 1003
15.96 USD
1 month ago
Dec 04, 2024
Sell 5.18 M USD
SLTA IV (GP), L.L.C.
Director
- 323290
16.011 USD
1 month ago
Dec 04, 2024
Sell 1.16 M USD
SLTA IV (GP), L.L.C.
Director
- 72042
16.13 USD
1 month ago
Nov 20, 2024
Sell 140 K USD
Keough Kelli
EVP, GBUL, SIPS
- 9590
14.5562 USD
2 months ago
Oct 21, 2024
Sell 96.5 K USD
Keough Kelli
EVP, GBUL, SIPS
- 9308
10.3629 USD
3 months ago
Sep 23, 2024
Sell 74.3 K USD
Keough Kelli
EVP, GBUL, SIPS
- 9308
7.987 USD
3 months ago
Sep 20, 2024
Sell 553 K USD
Rishel Jeremy
Chief Technology Officer
- 68081
8.12 USD
4 months ago
Aug 22, 2024
Sell 181 K USD
Keough Kelli
EVP, GBUL, SIPS
- 24939
7.2558 USD
6 months ago
Jun 20, 2024
Sell 361 K USD
Rishel Jeremy
Chief Technology Officer
- 56273
6.41 USD
7 months ago
Jun 14, 2024
Bought 199 K USD
Noto Anthony
Chief Executive Officer
+ 30715
6.4825 USD
7 months ago
Jun 13, 2024
Sell 135 M USD
Qatar Investment Authority
other: Director by deputization
- 19840073
6.78 USD
7 months ago
May 24, 2024
Bought 200 K USD
Noto Anthony
Chief Executive Officer
+ 28860
6.9214 USD
7 months ago
May 23, 2024
Bought 200 K USD
Noto Anthony
Chief Executive Officer
+ 28900
6.9181 USD
8 months ago
May 03, 2024
Bought 199 K USD
Noto Anthony
Chief Executive Officer
+ 28775
6.9 USD
10 months ago
Mar 19, 2024
Sell 390 K USD
Rishel Jeremy
Chief Technology Officer
- 56273
6.93 USD
1 year ago
Dec 19, 2023
Sell 550 K USD
Rishel Jeremy
Chief Technology Officer
- 56273
9.78 USD
1 year ago
Nov 21, 2023
Bought 146 K USD
Noto Anthony
Chief Executive Officer
+ 22500
6.5017 USD
1 year ago
Nov 09, 2023
Bought 298 K USD
Noto Anthony
Chief Executive Officer
+ 44000
6.7783 USD
1 year ago
Nov 09, 2023
Bought 100 K USD
Lapointe Christopher
CFO and PAO
+ 14950
6.69 USD
1 year ago
Nov 06, 2023
Sell 1.03 M USD
Stafford Webb Lauren
Chief Marketing Officer
- 135832
7.5814 USD
1 year ago
Nov 02, 2023
Sell 1.22 M USD
Borton Chad M
President - SoFi Bank
- 152041
7.9925 USD
1 year ago
Nov 03, 2023
Sell 1.74 M USD
Webster Aaron
Chief Risk Officer
- 215299
8.0843 USD
1 year ago
Sep 01, 2023
Sell 475 K USD
Rishel Jeremy
Chief Technology Officer
- 53532
8.88 USD
1 year ago
Jun 14, 2023
Sell 1.94 M USD
Webster Aaron
Chief Risk Officer
- 200000
9.6906 USD
1 year ago
Jun 16, 2023
Sell 785 K USD
Borton Chad M
President - SoFi Bank
- 90458
8.6779 USD
1 year ago
Jun 15, 2023
Sell 929 K USD
Stafford Webb Lauren
Chief Marketing Officer
- 100000
9.288 USD
1 year ago
May 15, 2023
Bought 505 K USD
Noto Anthony
Chief Executive Officer
+ 108000
4.6732 USD
1 year ago
May 09, 2023
Sell 1.09 M USD
Rishel Jeremy
Chief Technology Officer
- 200000
5.4656 USD
1 year ago
May 05, 2023
Bought 99.8 K USD
Noto Anthony
Chief Executive Officer
+ 19833.4828
5.03 USD
2 years ago
Sep 12, 2022
Bought 9.5 K USD
Noto Anthony
Chief Executive Officer
+ 1500
6.33 USD
2 years ago
Jun 15, 2022
Bought 17.8 K USD
Noto Anthony
Chief Executive Officer
+ 3000
5.94 USD
2 years ago
May 27, 2022
Bought 22.4 K USD
Noto Anthony
Chief Executive Officer
+ 3000
7.48 USD
2 years ago
Mar 04, 2022
Bought 40 K USD
Noto Anthony
Chief Executive Officer
+ 3925.6097
10.19 USD
3 years ago
Aug 23, 2021
Bought 1.42 K USD
Noto Anthony
Chief Executive Officer
+ 100
14.23 USD
3 years ago
Aug 20, 2021
Bought 14 K USD
Noto Anthony
Chief Executive Officer
+ 1000
14.05 USD
3 years ago
Aug 19, 2021
Bought 5.6 K USD
Noto Anthony
Chief Executive Officer
+ 400
13.99 USD
3 years ago
Aug 18, 2021
Bought 6.98 K USD
Noto Anthony
Chief Executive Officer
+ 500
13.97 USD
1 year ago
May 05, 2023
Bought 154 K USD
Noto Anthony
Chief Executive Officer
+ 30000
5.1171 USD
1 year ago
May 04, 2023
Bought 237 K USD
Noto Anthony
Chief Executive Officer
+ 50000
4.7341 USD
1 year ago
Mar 16, 2023
Bought 243 K USD
Noto Anthony
Chief Executive Officer
+ 45000
5.3936 USD
1 year ago
Mar 08, 2023
Sell 523 K USD
Rishel Jeremy
Chief Technology Officer
- 81000
6.4602 USD
1 year ago
Mar 10, 2023
Bought 995 K USD
Noto Anthony
Chief Executive Officer
+ 180000
5.5283 USD
1 year ago
Feb 02, 2023
Sell 1.61 M USD
Lavet Robert S
General Counsel
- 200000
8.062 USD
2 years ago
Dec 16, 2022
Bought 1.38 M USD
Noto Anthony
Chief Executive Officer
+ 300000
4.5934 USD
2 years ago
Dec 15, 2022
Bought 1.03 M USD
Noto Anthony
Chief Executive Officer
+ 225000
4.5921 USD
2 years ago
Dec 13, 2022
Bought 1.46 M USD
Noto Anthony
Chief Executive Officer
+ 318965
4.5833 USD
2 years ago
Dec 12, 2022
Bought 569 K USD
Noto Anthony
Chief Executive Officer
+ 132600
4.2934 USD
2 years ago
Dec 09, 2022
Bought 2.98 M USD
Noto Anthony
Chief Executive Officer
+ 682500
4.3634 USD
2 years ago
Aug 05, 2022
Sell 43 M USD
Delaware Project 10 L.L.C.
director:
- 5381785
7.99 USD
2 years ago
Aug 05, 2022
Sell 43 M USD
SOFTBANK GROUP CORP
10 percent owner
- 5381785
7.99 USD
2 years ago
Aug 08, 2022
Sell 54.6 M USD
SOFTBANK GROUP CORP
10 percent owner
- 6683133
8.17 USD
2 years ago
Aug 05, 2022
Sell 54.6 M USD
Delaware Project 10 L.L.C.
director:
- 6683133
8.17 USD
2 years ago
Jun 14, 2022
Sell 274 K USD
Gill Michelle
Executive Vice President
- 50000
5.48 USD
2 years ago
Jun 16, 2022
Bought 299 K USD
Noto Anthony
Chief Executive Officer
+ 53540
5.5841 USD
2 years ago
Jun 13, 2022
Bought 299 K USD
SCHWARTZ HARVEY M
director:
+ 53500
5.59 USD
2 years ago
Jun 13, 2022
Bought 250 K USD
Noto Anthony
Chief Executive Officer
+ 46500
5.3664 USD
2 years ago
Jun 10, 2022
Bought 200 K USD
Noto Anthony
Chief Executive Officer
+ 33455
5.979 USD
2 years ago
Jun 09, 2022
Bought 300 K USD
Noto Anthony
Chief Executive Officer
+ 47625
6.2975 USD
2 years ago
Jun 08, 2022
Bought 112 K USD
Noto Anthony
Chief Executive Officer
+ 16907
6.6491 USD
2 years ago
Jun 06, 2022
Bought 150 K USD
Noto Anthony
Chief Executive Officer
+ 21750
6.8975 USD
2 years ago
Jun 01, 2022
Bought 150 K USD
Noto Anthony
Chief Executive Officer
+ 21215
7.0713 USD
2 years ago
May 24, 2022
Bought 249 K USD
Noto Anthony
Chief Executive Officer
+ 37056
6.7203 USD
2 years ago
May 20, 2022
Bought 198 K USD
Noto Anthony
Chief Executive Officer
+ 27000
7.3181 USD
2 years ago
May 19, 2022
Bought 105 K USD
Noto Anthony
Chief Executive Officer
+ 13500
7.7884 USD
2 years ago
May 13, 2022
Bought 97.5 K USD
SCHWARTZ HARVEY M
director:
+ 15000
6.5 USD
2 years ago
May 13, 2022
Bought 254 K USD
Noto Anthony
Chief Executive Officer
+ 39000
6.5 USD
2 years ago
Mar 16, 2022
Sell 40 K USD
Heavener Micah
Head of Operations
- 5000
8.0092 USD
2 years ago
Mar 17, 2022
Bought 513 K USD
SCHWARTZ HARVEY M
director:
+ 58000
8.8376 USD
2 years ago
Mar 14, 2022
Bought 39.9 K USD
Heavener Micah
Head of Operations
+ 5000
7.9899 USD
3 years ago
Mar 16, 2021
Bought 84 K USD
Al-Hammadi Ahmed Ali
Director
+ 10000
8.4 USD
2 years ago
Mar 15, 2022
Bought 303 K USD
Noto Anthony
Chief Executive Officer
+ 34000
8.912 USD
2 years ago
Mar 16, 2022
Bought 150 K USD
Noto Anthony
Chief Executive Officer
+ 17375
8.6215 USD
2 years ago
Mar 14, 2022
Bought 149 K USD
Noto Anthony
Chief Executive Officer
+ 19042
7.8473 USD
2 years ago
Mar 14, 2022
Bought 39.9 K USD
Heavener Micah
Head of Operations
+ 5000
7.9899 USD
2 years ago
Mar 11, 2022
Bought 149 K USD
Noto Anthony
Chief Executive Officer
+ 16704
8.9467 USD
2 years ago
Mar 10, 2022
Bought 150 K USD
Noto Anthony
Chief Executive Officer
+ 15873
9.4424 USD
2 years ago
Mar 07, 2022
Bought 149 K USD
Noto Anthony
Chief Executive Officer
+ 15350
9.7264 USD
2 years ago
Mar 04, 2022
Bought 149 K USD
Noto Anthony
Chief Executive Officer
+ 15000
9.9639 USD
2 years ago
Jan 20, 2022
Sell 30 K USD
Heavener Micah
Head of Operations
- 2000
15 USD
3 years ago
Dec 10, 2021
Bought 14.9 K USD
Webster Aaron
Chief Risk Officer
+ 1000
14.9 USD
3 years ago
Nov 29, 2021
Sell 1.92 M USD
HUTTON GEORGE THOMPSON
Director
- 103462
18.5155 USD
3 years ago
Nov 30, 2021
Sell 311 K USD
HUTTON GEORGE THOMPSON
Director
- 16800
18.5014 USD
3 years ago
Nov 18, 2021
Sell 101 M USD
Qatar Investment Authority
Director
- 4687985
21.6 USD
3 years ago
Nov 18, 2021
Sell 156 M USD
SLTA IV (GP), L.L.C.
Director
- 7240653
21.6 USD
3 years ago
Nov 18, 2021
Sell 2.61 M USD
SLTA IV (GP), L.L.C.
Director
- 120725
21.6 USD
3 years ago
Nov 18, 2021
Sell 486 M USD
SOFTBANK GROUP CORP
director, 10 percent owner:
- 22514038
21.6 USD
3 years ago
Nov 18, 2021
Sell 218 M USD
Wilkes Thomas Clayton
Vice Chairman - Galileo
- 10076668
21.6 USD
3 years ago
Sep 13, 2021
Sell 17 M USD
Wilkes Thomas Clayton
Vice Chairman - Galileo
- 1119413
15.16 USD
3 years ago
Sep 07, 2021
Sell 100 K USD
Heavener Micah
Head of Operations
- 6250
16 USD
3 years ago
Aug 26, 2021
Bought 102 K USD
Noto Anthony
Chief Executive Officer
+ 7150
14.3063 USD
3 years ago
Aug 24, 2021
Sell 297 K USD
Heavener Micah
Head of Operations
- 20000
14.83 USD
3 years ago
Aug 25, 2021
Sell 74.8 K USD
Heavener Micah
Head of Operations
- 5000
14.97 USD
3 years ago
Aug 23, 2021
Bought 14.3 K USD
Webster Aaron
Chief Risk Officer
+ 1000
14.34 USD
3 years ago
Aug 19, 2021
Bought 99.6 K USD
Noto Anthony
Chief Executive Officer
+ 7150
13.9325 USD
3 years ago
Aug 19, 2021
Bought 49.1 K USD
Lapointe Christopher
Chief Financial Officer
+ 3500
14.02 USD
3 years ago
Aug 18, 2021
Bought 103 K USD
Noto Anthony
Chief Executive Officer
+ 7150
14.4646 USD
3 years ago
Aug 17, 2021
Bought 98.5 K USD
Noto Anthony
Chief Executive Officer
+ 7150
13.7811 USD
7. News
3 Shorted Stocks on the Brink: Are These Names About to Unwind? When investors look for the best opportunities in the stock market, one gauge they often look at is whether people (retail and professionals) are buying a stock. However, not many know that the same strategy can be flipped on its head, and it works better than focusing on only the buying side of the equation. marketbeat.com - 1 week ago
Here Are 5 Stocks That I Believe Will Perform Very Strongly In 2025 Amazon is one of the few companies with free cash flow above $42 billion annually, primarily from its e-commerce division. SOFI has a tremendous flywheel effect and NU is one of the strongest fintechs fundamentally internationally. AMD is the second best behind NVDA, but considerably cheaper, and there's nothing wrong with investing into the 2nd best company if the valuation has a good risk to reward. seekingalpha.com - 1 week ago
Here's What I Think the Fed Will Do With Interest Rates in 2025 -- And 2 Stocks That Could Be Winners Over the past few months, expectations for interest rates in 2025 have changed. Thanks to relatively strong economic data, inflation that is still a little too high, and the Federal Reserve's commentary, the median expectation has gone from about 4-5 quarter-point rate cuts in 2025 to just one, according to the CME FedWatch tool. fool.com - 1 week ago
Got $8,000? 3 Top Growth Stocks to Buy That Could Double Your Money The median savings account balance for all U.S. families sits at $8,000, according to the Federal Reserve's most recent Survey of Consumer Finances. If those families lock that amount into a 10-year CD that yields 4% annually, their savings would only grow to $11,841.95 by the time it matures. fool.com - 1 week ago
Where Is SoFi Heading in 2025? 3 Bold Predictions for Investors SoFi (SOFI 5.03%) is one of my highest-conviction stock ideas as we head into 2025. Not only has the fintech company maintained fantastic growth momentum for several years, including during 2022's bear market, but its business seems to be at an inflection point in terms of profitability and mainstream adoption. fool.com - 2 weeks ago
2 Super Growth Stocks to Buy in Bunches in 2025 A new year is upon us, and 2025 is sure to serve up all kinds of twists and turns. But while no one knows exactly what the future may bring, backing strong companies that operate in growth markets remains a great path to long-term enrichment. fool.com - 2 weeks ago
Why SoFi Technologies (SOFI) stock is crashing SoFi Technologies (NASDAQ: SOFI) is crashing as 2025 begins, despite analysts expressing a mix of optimism and caution about its prospects. finbold.com - 2 weeks ago
SoFi Schedules Conference Call to Discuss Q4 2024 & Full Year 2024 Results SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest and protect their money, today announced plans to host a conference call to discuss financial and operating results for the fourth quarter and full year of 2024 on Monday, January 27, 2025, at 8 a.m. Eastern Time. SoFi also plans to release its fourth quarter and fiscal year 2024 results on the investor relations se. businesswire.com - 2 weeks ago
Why SoFi Stock Tumbled by Over 8% on Thursday The stock market had a fairly gloomy start to the new year on Thursday, but SoFi Technologies (SOFI -8.25%) shares really took a hit. The fintech plummeted by more than 8% on the inaugural trading session of 2025, a far steeper fall than the 0.2% slide of the bellwether S&P 500 index. fool.com - 2 weeks ago
SoFi shares fall after KBW downgrade on valuation concerns Personal finance app SoFi Technologies' shares fell as much as 7% on Thursday, after analysts at KBW downgraded the stock to "underperform" on concerns over its lofty valuation and ambitious financial targets. reuters.com - 2 weeks ago
SoFi Tech Downgraded Over Valuation Concerns: Stock Priced Three Times Its Peers SoFi Technologies SOFI has faced recent downgrades from analysts citing concerns over the company's high valuation. However, technical analysis, particularly moving averages, suggests potential support for the stock. benzinga.com - 2 weeks ago
SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know SoFi Technologies, Inc. (SOFI) closed at $15.40 in the latest trading session, marking a -1.47% move from the prior day. zacks.com - 2 weeks ago
8. Profile Summary

SoFi Technologies, Inc. SOFI

image
COUNTRY US
INDUSTRY Financial - Credit Services
MARKET CAP $ 17.9 B
Dividend Yield 0.00%
Description SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
Contact 234 1st Street, San Francisco, CA, 94105 https://www.sofi.com
IPO Date Jan. 4, 2021
Employees 4400
Officers Mr. Christopher Lapointe Chief Financial Officer Mr. William F. Tanona C.F.A. Senior Vice President of Corporate Development & Strategic Partnerships Mr. Jeremy Rishel Chief Technology Officer Ms. Diane Tucker Senior Vice President of Global Operations Mr. Stephen Simcock General Counsel Ms. Lauren Stafford Webb Chief Marketing Officer Paulina Gutierrez Investor Relations Mr. Anthony J. Noto Chief Executive Officer & Director Mr. George Thompson Hutton Independent Non Executive Chairman Mr. Derek Jensen White Chief Executive Officer of Galileo Financial Technologies & Head of SoFi International