If your risk tolerance allows you to invest in small cap ASX shares, then I think the ones listed below could be worth considering.
I believe all three small cap shares could be destined for big things in the future. Here’s why I think you should add them to your watchlist:
Bigtincan Holdings Ltd (ASX: BTH)
The first small cap share to watch closely is Bigtincan. It is a fast-growing provider of enterprise mobility software. The company’s software allows businesses to increase their sales win rates, reduce costs, and improve customer satisfaction through improvements in mobile worker productivity. Demand for its software has been growing strongly in recent years and has continued during the pandemic. As a result, the company remains well-placed to deliver strong revenue growth in FY 2020.
Nitro Software Ltd (ASX: NTO)
I think Nitro Software is another small cap ASX share that is worth watching closely. Nitro is a software company which is aiming to drive digital transformation in businesses around the world across multiple industries. The main product in its portfolio is the the Nitro Productivity Suite solution. This solution provides integrated PDF productivity and electronic signature tools to customers through a horizontal, software-as-a-service, and desktop-based software solution.
Whispir (ASX: WSP)
A third and final small cap share that I think could have a bright future is Whispir. It is a growing communications platform as a service (CPaaS) provider which offers an industry-leading software platform. This clever platform allows organisations to deliver actionable two-way interactions at scale by using automated multi-channel communication workflows. Management notes that it has a long runway for growth. The CPaaS market is growing at a rapid rate and is expected to be worth US$6.7 billion per year by 2022.
And here are more exciting shares which could be stars of the future…
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- 3 exciting small cap ASX shares to watch closely in the 2020s
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- 2 exciting small cap ASX shares that could have big futures
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 BIGTINCAN FPO and Whispir Ltd. The Motley Fool Australia has recommended BIGTINCAN FPO, Nitro Software Limited, 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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