Yesterday I wrote about how companies such as Kogan.com Ltd (ASX: KGN) and Woolworths Limited (ASX: WOW) could face disruption next year from potential new entrants into the Australian market.
Well, it seems only fitting that today I should take a look at some Australian companies that want to reverse the trend and disrupt established businesses or business models themselves. Here are three companies to keep an eye on in 2017:
Amaysim Australia Ltd (ASX: AYS)
Amaysim is well known for its low-cost mobile phone plans, but in the near future it will expand its offering when it launches its NBN plans. Although the market has been concerned over the impact the NBN will have on the margins of providers such as TPG Telecom Ltd (ASX: TPM), Amaysim's asset-light business model should allow it to provide competitive prices whilst still remaining highly profitable. I think Amaysim could be worth a closer look.
ChimpChange Ltd (ASX: CCA)
This digital banking company aims to disrupt the big U.S. banks by providing millennials and the underbanked with no monthly account fees. Earlier this month the company released an update which revealed that it achieved record highs across every transactional metric in November. I expect this impressive form to continue into 2017 as new features roll out across its platform. It may still be early days but ChimpChange looks like it could have a bright future ahead of it.
Fastbrick Robotics Ltd (ASX: FBR)
This Perth-based robotics company is a bricklayer's worst nightmare. Fastbrick Robotics is the company behind the one-armed bricklaying robot known as Hadrian X. The impressive piece of technology can lay 1,000 standard brick equivalents per hour, compared to 400 bricks per day by the average Australian bricklayer. Hadrian X is expected to go into action in 2017. Although the technology is very exciting, I would suggest investors hold off an investment at this stage and just add it to their watch list.
