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3 ASX technology shares you’ve never heard of

Freelancer Ltd (ASX: FLN) shares, Nearmap Ltd (ASX: NEA) shares and Airxpanders Inc (ASX: AXP) shares are outside the purview of most Australian investors.

Here’s a quick overview of these three interesting Australian technology companies.

Freelancer

Freelancer is a $420 million business which provides an online marketplace for ’employers’ to meet with ’employees’ (aka freelancers) to do jobs. Jobs can range from website development and logo design to engineering for NASA.

Freelancer is not the only freelance marketplace operator but it has 24.1 million registered users with 11.8 million jobs posted so far. The company also owns a back-end payments solution provider, making payments to and from other parties very secure and transparent.

Nearmap

Nearmap is a $200 million business which provides aerial imagery technology for businesses. Think Google Maps, but clearer and much more regularly updated. The mapping software is so accurate that construction businesses can check on their projects, solar panel companies can quote consumers and councils can determine whether backyard pools meet requirements.

The company has expanded into the United States, in a bid to take a slice of the enormous market.

AirXpanders

AirXpanders is a $211 million company and its product is a bit left of field. The company has created a device that could best be described as a ‘balloon’ which inflates inside a woman’s chest. Balloons? In chests! It’s actually not as outrageous as it sounds, and is used primarily for the reconstruction of breasts.

The company has received partial or full regulatory clearances, enabling it to be sold in markets such as Australia, USA and Europe. The company is burning cash and appears higher risk. However, that risk is arguably countered by upside potential.

Foolish Takeaway

Most investors may never have heard of these three technology businesses but they are worth watching, in my opinion. Further research is needed but they could be worthy of a higher-risk position in a well-diversified portfolio.

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Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes and encourages your feedback. You can follow him on Twitter @OwenRask.

The Motley Fool Australia owns shares of Nearmap 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 Bruce Jackson.

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