I think having a little exposure to the small cap side of the market would be a very good thing for a portfolio.
You only need to look at how successful investing in the Afterpay Ltd (ASX: APT) IPO in 2016 would have been to see why.
And while very few small cap shares will be as successful as Afterpay, there are a number on the market that have the potential to follow in its footsteps.
Three small cap shares I think have enormous potential are listed below:
Bigtincan Holdings Ltd (ASX: BTH)
Bigtincan is a fast-growing provider of enterprise mobility software. The company’s software allows sales and service organisations to increase their sales win rates, reduce expenditures, and improve customer satisfaction. This is achieved through improved mobile worker productivity. It counts a wide range of blue chips as customers and continues to grow during the pandemic. Bigtincan recently reaffirmed that it is on course to achieve organic revenue growth in the range of 30% to 40% in FY 2020.
Serko Ltd (ASX: SKO)
Serko is a technology company focused on innovative solutions that address the challenges of corporate travel and expense management. It was growing at a very strong rate over the last fews years thanks to the increasing popularity of its Zeno product. And while its performance looks likely to be negatively impacted by the coronavirus, I expect it to bounce back strongly once conditions ease.
Whispir (ASX: WSP)
Whispir is a software-as-a-service communications workflow platform provider. Its industry-leading software platform allows companies to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. This helps make operations more efficient and can cut down the number of service desk support calls. It counts a number of big names as customers such as Disney and Foxtel.
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More reading
- 3 top ASX shares to buy now and hold for 10 years
- If you invested $10,000 in the Afterpay IPO, this is how much you’d have now
- Is the Zip share price in the buy zone?
- Why Afterpay, Flight Centre, Mesoblast, & Sezzle shares are dropping lower
- Safe dividend stocks to buy today for the COVID-19 world
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Serko Ltd. The Motley Fool Australia owns shares of and has recommended BIGTINCAN FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Serko Ltd and Whispir Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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