It’s been another positive trading session for the S&P/ASX 200 Index (ASX: XJO), with the index up by 0.82% at the time of writing. The ASX is home to a dynamic and growing small-cap tech share market including Sezzle Inc (ASX: SZL), among others, which today have seen strong share price rises.

Let’s take a look at three of those that have performed particularly well so far today.

Bigtincan Holdings Ltd (ASX: BTH)

Bigtincan has a business model that is centred on ‘sales enablement’.  This is a rapidly growing niche in the IT software market.

It is a capital-light and highly efficient business that has a subscription type model with attractive margins. However, the software-as-a-service (SaaS) provider was only listed on the ASX three years ago and is yet to become profitable. This makes it a relatively risky investment, despite its strong potential.

Bigtincan saw heavy share price falls in the early phase of the coronavirus crisis. However, since mid-March, its share price has rallied strongly. This rally has continued to today, up by another 7.8%, boosted by further positive market sentiment.

Wisr Ltd (ASX: WZR)

Small cap fintech provider, Wisr provides online lines for services such as debt consolidation, car loans home renovations, and travel. Its share price has surged 12% so far today. This follows on from a share price rally since March. However, its share price is still well down from its 12-month high in February.

Wisr was hit hard in the first wave of the pandemic, as discretionary consumer spending was impacted. However, growing consumer optimism is now seeing its share price start to lift higher.

Sezzle Inc (ASX: SZL)

Sezzle is a US-based buy-now-pay-later fintech provider. It is growing rapidly, however, is still a long way behind its much larger rival, Afterpay Ltd (ASX: APT).

Sezzle Inc share price has grown by over 500% since late March. It has risen another 4% higher today. This follows on from a 17% share price surge yesterday.

Sezzle has around 1.3 million users and is growing rapidly. It targets the Gen Z and millennial consumer demographics, like Afterpay and another rival Zip Co Ltd (ASX: Z1P).

Both of these two-market segments make up the largest proportion of all age demographics in the US. These segments are also very tech-savvy and are attracted to this type of online lending.

More reading

• Afterpay share price hits a new record high: Is it too late to invest?
• Why Afterpay, Infigen, Qantas, & Zip Co shares are charging higher
• ASX 200 up 1%: Big four banks jump, Afterpay hits record high
• The Zip Co share price just zoomed to a record high: Is it too late to invest?
• 2 exciting small cap ASX shares that could have big futures

Phil Harpur owns shares of AFTERPAY T FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BIGTINCAN FPO and ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended BIGTINCAN FPO and Sezzle Inc. 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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I’m not afraid to invest in shares during this recession.

After the Australian Bureau of Statistics (ABS) confirmed that Australia’s economy contracted by 0.3% in the March 2020 quarter, it seems clear that the country will enter a recession when the June 2020 quarter number is revealed. Indeed, Treasurer Josh Frydenberg has said that Australia is in recession today.

Recessions signal that times are tough for many areas of the country. But you wouldn’t know it from looking at the S&P/ASX 200 Index (ASX: XJO). It’s up another 1.5% today, adding to the previous gains of over the past several weeks.

The country is in the middle of a pandemic-caused recession, but some investors are already looking ahead to the other side. And I think that’s what most investors should do too.

What happens in a 12-month period shouldn’t necessarily change your long-term thoughts about shares unless it permanently alters their prospects for the foreseeable future. Shares like Nextdc Ltd (ASX: NXT) and Pushpay Holdings Ltd (ASX: PPH) have actually seen their prospects strengthen because of the unfortunate events.  

When you look at shares like Wesfarmers Ltd (ASX: WES) you can see the share price is still lower than it was before the coronavirus even with interest rates lower and reliable trading for Bunnings and Officeworks.

Shares I’m looking to invest in

I have been investing throughout the market selloff and I’ll be continuing to invest in shares during this recession. I bought shares of Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) when it was lower. I also bought shares of WAM Microcap Limited (ASX: WMI) and Magellan Global Trust (ASX: MGG) when they were lower.

I’d really like to invest in shares like Altium Limited (ASX: ALU) and MFF Capital Investments Ltd (ASX: MFF) if they were to fall back in value again. The strength of the Australian dollar makes me want to buy shares which generate earnings from America.

But for now I’ve got my eyes on mostly Australian shares because of how much of a better position the country is in terms of the coronavirus as well as things like a strong iron ore price and less people on jobkeeper.

More reading

• Here’s why long term investing can outperform shorter holding periods
• Top brokers name 3 ASX 200 shares to buy right now
• The smartest ASX 200 shares to buy with $2,500 today
• ASX 200 up 1%: Big four banks jump, Afterpay hits record high
• Are our ASX big miners on an earnings upgrade cycle?

Motley Fool contributor Tristan Harrison owns shares of Altium, Magellan Flagship Fund Ltd, MAGLOBTRST UNITS, WAM MICRO FPO, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of Altium and Wesfarmers Limited. 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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