The GetSwift Ltd (ASX: GSW) share price has continued its positive run and is having a strong finish to the week.
In early afternoon trade the logistics management software company's shares are up 5% to $1.09.
Why are its shares higher?
This morning GetSwift released its second-quarter update which revealed that its platform handled a record 729,626 deliveries during the quarter.
This was a 46% increase of the prior quarter, generating income of $152,682 or an average of 21 cents per delivery.
A key driver of this growth has been the significant increase in new customers using its service.
During the first-half GetSwift signed agreements with companies including Commonwealth Bank of Australia (ASX: CBA), Philip Morris International, Hungry Harvest, Pizza Hut, and Little Caesars Pizza, to name just a few.
Furthermore, this month management announced a major agreement with Vietnammm.
As I mentioned at the time, should the company add value to the Vietnammm service, I expect there's a strong chance its parent Takeaway.com will come on board as well.
Takeaway.com recently reported a total of 15.8 million deliveries in its first-quarter. A deal with the takeaway giant could boost GetSwift's deliveries by over 60 million a year.
Should you invest?
In my opinion GetSwift is one of the best small-cap shares on the Australian share market right now.
Thanks to the number of customers coming on board and its expansion into other verticals, I believe the company is perfectly positioned to continue this explosive growth for some time to come.
In light of this, I continue to believe that GetSwift is a fantastic long-term buy and hold investment option.
